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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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Testimonials Page

Melissa Oliver was such a delight to work with, she had such a great energy and realism about her. And she walked us through the process every step of the way. And always had our best interest at heart. We trusted her advise and insight she really know what its all about. We are so glad she was there for us and would use her again if needed. Mimi Rajnak
What a great buying experience!! Melissa and the "O" team were amazing and we can't give them enough praise for their efforts. They were very quick to respond to our needs and were on top of the process the whole way. We found the home of our dreams and we have the "O" team to thank!! Visit their office, you wont be disappointed. Josh R.
Melissa is a Real Estate professional serving the Mother Lode Communities with top quality service and expertise. Her understanding of the local market is second to none and her ability to help buyers and sellers both is outstanding. Thanks you Melissa, for being a part of my experience. Rick Daniel
Definitely recommend Melissa and her team..great real estate agent!!! Sylvie Williams
Melissa has come though for me in all my real estate needs..Always going far beyond my expectations!!! She knows the area like the back of her hand...Should be anyones first choice here in the Motherlode! John Chiarpotti
Very knowledgeable and experienced. Would strongly recommend her to anyone with any real estate needs. Hands down the best Realtor in the county! Jacob Ramsey
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