Mason Ohio Home Sellers, Do You Know Your Competition?
If you're thinking about (or actually trying) to sell your Mason Ohio home, there's something you need to understand. The real estate landscape has changed. While the pendulum has shifted back closer to your control rather than the buyers' control, there is another factor that's tilting the playing field: new construction.
For the last few years, new construction was virtually a non-issue. Gone. Market conditions didn't support the builders putting up new sticks and bricks. Values were falling, buyers were afraid to buy and afraid to overpay. So buyers picked from the sellers of "used" homes. That worked fine for the sellers, because it was one motivated seller against another motivated seller, let the best home win.
But as the economy has come back, and buyer confidence is returning that they won't be paying for a home that will lose 5-10% of its value within the first couple of years, the builders are clearing earth, pouring foundations and putting up new homes quickly.
Need to check that? Take a drive through the northern part of Chestnut Hill. Zicka & Pendragon are busy. Want more proof? Carmelle just opened a new phase of another 150 homes. Drees and Fischer are going to make some money this year because those lots are being sold. On the luxury end, new construction is happening with Robert Lucke's Reserves of Bethany, and take a look across the street at Medinah of Heritage Club. And these are just a sampling of what's happening with Mason new construction.
So what does that mean to you as a Mason home seller? That if you're going to be asking the same as new construction, you better be bringing your "A" game, and "A" leads off with Aggressive pricing. While there's a segment of buyers with timelines that don't allow for new construction, most area buyers have flexibility and they can wait the 6-8 months from earth scratching to move in. So when you're going head to head with new construction, you need to look new too. Worn carpet and paint won't get the job done. With new construction offering granite counters, custom walk-in showers and the like, how do you compare? Because buyers will make the comparison if you don't, and the buyers won't be concerned about how much you love your home & the neighborhood. New trumps used, especially when the price is close to the same.
Want to know more about the competitive real estate market in Mason Ohio? Just give us a call. We're out there working with Mason home buyers and we know what they think and what they want. We can evaluate your home's worth and advise you of your best options. No hassle, no pressure, just a friendly consultation about what's real in Mason real estate.
Serving Mason home sellers and buyers,
Liz and Bill aka BLiz
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