Welcome or Register


Martinsville Real Estate

  

Add your content here!

Back to Table of Contents

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.

Back to Table of Contents
Sadler Real Estate
610 East Morgan Street
Martinsville, Indiana 46151

765-342-7474 office
765-342-2262 fax

Email: jensadler7@gmail.com

Testimonials

To Whom It May Concern, The service and personal attention we received from Sadler Real Estate was exceptional! Their knowledge of the local market and their key contacts in the community helped us in selling our previous home and purchasing our dream log home. After patiently sending us listings and taking us to visit several homes, they made sure we got the best offer for our previous home and more importantly, the best value purchase for the new one! Regardless of whether you are buying or selling, we would highly recommend Sadler Real Estate to help you in this life changing move. We could not have asked for a better Realtor to guide us through the process. Sincerely, Terry and Betty Maxwell
View All

CRS - Certified Residential SpecialistEqual Housing OpportunityGRI - Graduate, REALTOR® InstituteMLS membershipREALTOR® certification