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.
Typical Costs for an Average Sump Pump. There are four types of sump pump models available: pedestal, submersible, water-powered, and floor suckers. A pedestal sump pump is an upright electric sump pump whose motor is located above the pump as it is not meant to get wet.