This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and more often than not, homes will sell for more than the asking price. It is even more crucial to be prepared and to be ready as a buyer when the market is hot. It can be easy to get caught up in the bid for a home, but if you are prepared (pre-approved, solid in price range, realistic about your needs), it is easier to remain focused on your housing needs and price range.
In a normal market, there is a fairly large number of homes available and an average number of buyers. This market does not necessarily favor the buyer or the seller. A seller may not have as many offers on their home, but he or she may not be desperate to sell either. Again, it is the buyer’s responsibility to be prepared. During a normal market, the chances to negotiate are higher than in a hot market. As a buyer, you can expect to make offers at lower than the asking price and negotiate a price at least somewhat less than what the sellers are asking.
In a cold market, houses may be listed for more than a year and the prices of houses listed may drop considerably. This market is advantageous to the buyer. As a buyer, you have the time to make an offer that works to your best interest. It is not uncommon to low-ball and to find that sellers are accommodating to meet your needs. Keep in mind that even though this market is a great time for buyers, you do not want to lose your dream home by being unrealistic. Your goal is to get your dream home at the best possible price.Back to Table of Contents
Dont Miss a New Listing Again!
Already registered? Login
FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!
*Contact Information NOT Shared*
Robin Rotella Team
Keller Williams Integrity First Realty
6641 S Kings Ranch Rd, Suite 1
Gold Canyon, AZ 85118
Robin Cell: 480-225-7445
Home | Open Houses | Our Listings | Search for Homes | Advanced Search | Map Search | Foreclosures | Commercial Search | Gold Canyon By Subdivision | Client Reviews | About Us | Local News | Meet the Team | Gold Canyon Blog | Contact Us | Real Estate News!!! | Gold Canyon Homes | Gold Canyon All Subdivisions | Homes for Sale in Gold Canyon, AZ under $200,000 | Homes for Sale in Gold Canyon, AZ from $200,000 to $300,000 | Homes for Sale in Gold Canyon, AZ from $300,000 to $400,000 | Homes for Sale in Gold Canyon, AZ from $400,000 to $500,000 | Homes for Sale in Gold Canyon, AZ from $500,000 to $600,000 | Homes for Sale in Gold Canyon, AZ from $600,000 to $700,000 | Homes for Sale in Gold Canyon, AZ over $700,000 | Mortgage Rates | Buyer/Seller Info | Gold Canyon Community Info | Natural Hazards in Arizona | FREE kw Search App | Best Local Movers
© 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Information deemed to be reliable but not guaranteed. Real estate listings held by brokerage firms other than Robin Rotella PLLC are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Only IDX residential listings are displayed on this site. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. Information last updated on 2019-09-17.