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Hot, Normal, and Cold Markets

Hot Market

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.

Normal Market

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.

Cold Market

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.

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US:

Office: 520-463-2378
Fax: 520-463-2244

Susan Stewart-BROKER 
Home: 520-463-2976 
Cell: 602-882-7149
susanstewart@queenvalleyproperties.com
 

 
Leslie Bryant- Assoc. Broker
Home: 480-253-6345
lesliebryant@queenvalleyproperties.com

Phyllis Joyce-Assoc. Broker
Home 520-463-2624
pmj.qv16@yahoo.com


Janine Gordon- Sales Agent  
Home: 602-228-8294
janine.gordon@queenvalleyproperties.com

Nancy Lamb-Sales Agent
480-907-9864

nancy@queenvalleyproperties.com

Gina Sheets
765-490-2644
ginasheets@queenvalleyproperties.com
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Testimonials

We had searched for 6 months on our own to find the perfect piece of acreage for our family to build on. After contacting Queen Valley Properties, we found our dream property within a couple weeks. We had never purchased raw land like this before so didn't know much about the process, thanks to their help we made it through and are now proud owners of 10 acres at the base of the Superstition Mountains!!! We go up to our parcel often and feel proud to own a piece of the beautiful Arizona desert. www.blakeslade.com www.blakeslade.com Jedd & Casi Johnson, Blake Slade Photographers
Thank you so much for taking the extra effort to make our first home purchase successful. You were there guiding us through all the crucial and important steps! You really listened to what we wanted in our home and you found exactly what we were looking for - at an amazing price! If we ever outgrow this home, we'll definitely be calling you! The Smith Family
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