When we read about todays real estate market lately all we are hearing is that it's a buyer's market. Not really, but it is also not a seller's market. Buyers are under the impression that a "buyer's market" puts them in control of the deal and they call all the shots. That is true to a point but when it comes to negoiation, the seller has to have a bottom line and telling buyers itsa buyers market you can come in $50000 under is doing a disservice to both sides. Sellers are not always in a position to take a large reduction in price, they have been advised of a marketable price and they should have been advised of an approximate apprasial value. Sellers also have some control. So what kind of a market are we working in?? I prefer to call it a Lender's market. the lenders are controlling the deals. In the past 2 weeks I have heard of 4 and experienced 1 deal that fell apart within in days of closint because the lender changed their mind. I am talking about deals where everything is done, a commitment is in, seller's are packed, buyer's gave notice at their apartment and everyone is a loser. When will this craziness end!