Welcome or Register
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

 Lothair Lambrecht reviews



Already registered? Login

FREE AUTOMATED EMAIL UPDATES
Sign in to take advantage of all this site has to offer. Save your favorite listings and searches – also receive email updates when listings you like come on the market for free!

*Contact Information NOT Shared*



Lothair Lambrecht, Realtor®
Realty Executives Integrity

13005 W. Bluemound Rd
Brookfield, WI 53005
Direct: 262-993-7098
Email: LGL65@execpc.com

Testimonials Page

Lothair was great! He helped us in a tough buyers market. He listed to our long list of wants and worked to find us the perfect match. He is one of the best realtors in WI. Brandon L
"Lothair is awesome! I have worked with him before and am always glad that I do! " 5/9/2018 Kelly D
"Everything that was talked about and committed to was executed. Friendly and informative. Answered every question and provided a great outcome. Thank you ..." 5/10/2018 - Bruce M
"We were very comfortable and at ease with Lothair especially considering the fact that we bought the house 'sight unseen'. He was always available an..." 6/28/2018 Heath B
"Lothair was cool calm and collected when two offers fell thru on the sale of our home. We had a very emotional and stressful journey in buying and sel..." 7/31/2018 - Katie C
View All


Lothair Lambrecht | Realty Executives Integrity | Direct: 262-993-7098 | LGL65@execpc.com
13005 W. Bluemound Rd Brookfield, WI 53005
Copyright © 2015. Lothair Lambrecht, All Rights Reserved