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The "Double Agent" Judy Hall, REALTOR®, ABR, SRES
RE/MAX All Stars Realty
1225 Roanoke Rd
P. O. Box 39
Daleville, VA 24083
Home Office: 540-473-3066
Text: 540-309-9244
Home Office Fax: 540-473-2814 
Email: judy@judyhall.com
Website: www.JudyHall.com
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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

Richard and Judy have helped us on both sides of the equation. They helped us on TWO of our home purchases and ONE of our home sales. They helped make the sale of our home in short order at a reasonable price and they helped us settle on a pleasing purchase price for our current home. Both Richard and Judy are superb professionals. Jay R.
She has been in the real estate business since 1984 and knows her stuff. If you want an agent who will be there to protect your interests, look no further. She is an "i dotting" and "t crossing" kind of person who will make sure that your contract is binding and will cover everything you have required. In today's market, real estate can be tricky and you need someone who will get the job done, and right the first time. T.H.
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Each RE/MAX® Office is Independently Owned and Operated.
Licensed in Virginia.
Information Provided by Seller is Deemed Reliable, but Not Guaranteed.

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