Buyer's Market. A buyer's market is a situation in which supply exceeds demand, giving purchasers an advantage over sellers in price negotiations. The term buyer's market is commonly used to describe real estate markets, but it applies to any type of market in which there is more product available than there are people who want to buy it.
According to home repair experts, the average cost to repair a sump pump is $454. Most homeowners pay between $378 and $530 for a sump pump repair. A submersible sump pump will cost more to fix than a pedestal pump.
1 A submersible sump pump costs more and only lasts 5-15 years, but is typically quieter and less obtrusive than a pedestal model. 2  Both types of sump pumps range in horsepower from a quarter to 1HP; a 1/3HP sump pump is standard for most homes. A submersible sump pump costs more and only lasts 5-15 years, but is typically quieter and less obtrusive than a pedestal model. 2  Both types of sump pumps range in horsepower from a quarter to 1HP; a 1/3HP sump pump is standard for most homes.