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Hot, Normal, and Cold Markets

Housing Market

Hot Market aka Seller’s 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 aka Buyer’s 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 in 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.

Let me know your thoughts and if you need to find a mortgage/loan officer in the area to help to get you pre-qualified. Email John@johnwarnersellstampa.com

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John Warner

John Warner

I am a Real Estate professional and understand that buying or selling a home is more than just a transaction: it’s a life-changing experience. That’s why I provide exceptional, personalized service for all my clients. I take great pride om the relationships I build and always work relentlessly on the client’s behalf to help them achieve their real estate goals. In my role as a Realtor® Consultant, I will listen to your requirements and develop a plan of action based on your time frame and needs. I have experience selling new construction homes, single-family homes, duplexes/villas, multi-family homes, (pre-foreclosure) short-sale homes, investment properties, and First-Time home buyers! As a Realtor, I will consult and provide market evaluations of any of your Real Estate inquiries. I will utilize social media & Internet Marketing to find your next property and sell to gain the most exposure. Working as a team, we can achieve your goals, and working together will make the process as seamless as possible. As a Realtor, I will successfully guide you as a home buyer or seller through selling and purchasing properties. Here are a few items that I will be performing as your Realtor to keep you in compliance with laws and regulations. Generate lists of properties compatible with buyers' needs and financial resources. Coordinate appointments to show homes to you as a prospective buyer or arrange appointments to show your home as the seller. To establish a positive flow of communication with other agents, buyers, sellers, mortgage officers, title personnel, and attorneys involved in the home buying and selling process. Present purchase offers to sellers for consideration and negotiates contracts on your behalf. Coordinated property closings, overseeing the signing of documents and disbursement of funds with the Closing agent. Over the last ten years, I have continued to learn with each transaction and professional education training through the National Realtor Association and our local Greater Tampa Realtor association to give you the best service! I know the following designations or certifications: ABR® The Accredited Buyer's Representative (ABR®) designation is for real estate buyer agents who focus on working directly with buyer-clients at every stage of the home-buying process. AHWD At Home With Diversity® (AHWD) is a NAR certification program designed to present a picture of the changing face of the real estate industry. Since 1998, the At Home With Diversity® program has prepared over 20,000 REALTORS® to work effectively with and within today's increasingly diverse pool of homebuyers. GRI Earning the Graduate, REALTOR® Institute (GRI) designation is a way to stand out to prospective home buyers and sellers as a REALTOR® who has gained in-depth market knowledge, increased proficiency in a broad array of subjects to enhance professionalism and business success. MRP The Military Relocation Professional (MRP) certification is for real estate professionals working with current and former military service members. SFR The Short Sales and Foreclosure Resource (SFR®) certification are for REALTORS® who want to hone the skills that will allow them to help buyers and sellers of distressed properties. SRES The Seniors Real Estate Specialist® (SRES®) designation is for REALTORS® who want to be able to meet the special needs of maturing Americans (Active Adults) when selling, buying, relocating, or refinancing residential or investment properties. SRS The Seller Representative Specialist (SRS) designation is the premier credential in seller representation. It is designed to elevate professional standards and enhance personal performance. Staying up to date with the most current information available and earning my Commitment to Excellence (C2EX) from the National Association of REALTORS® empowers REALTORS® to evaluate, enhance and showcase their highest levels of professionalism. It's not a course, class, or designation—it's an Endorsement that REALTORS® Earned can promote when serving clients and other REALTORS®. I love to explore new restaurants and communities in the area. Since I have moved here from Grand Island, NY, the growth in the Tampa Bay area has simply been amazing and truly named correctly as the Sunshine State.I look forward to working with you as your Realtor® in the Tampa Bay area. I support several local charities.
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