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Too Many 'For-Sale' Signs on street in Paradise Valley? – A good thing ?

Can a lot of homes for sale in the same neighborhood or same street ever be a good thing??

Sometimes, Yes! Let me explain....

Earlier this morning, I was showing a client a home for sale in Paradise Valley; a wonderful and exclusive township adjacent Scottsdale.

This home was everything the client wanted including a resort style backyard gorgeous views of Camelback Mountain sitting on a Golf Course lot.

However, as we drove the street, the Buyer noticed and commented about the number of homes with for-sale signs in front expressing reticence and an amount of concern. I shared with him that in certain areas, this is not always a bad thing.

Click here to find out why.

thanks and let me know if you have areas in your towns that share the same characteristics.

Posted by James Wexler, Associate Broker~Coldwell Banker on 06/20/2008 03:16 PM

Comments (4)

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4 Comments on Too Many 'For-Sale' Signs on street in Paradise Valley? – A good thing ?

Isn't it great when you have such knowledge to turn a situation around!!?? It pays to do some homework and keep informed. Brilliant job, James!

06/20/2008 03:31 PM

by Linda Greco Baltimore and Harford Realtor (Integrity Realty Group, LLC)

James - another advantage to the buyer is that they may be able to negotiate for a better sale price since there is so much competition.

06/20/2008 07:22 PM

by Judy Tuscano, NH Real Estate Professional (Prudential Verani Realty)

In our area, there are certain subdivisions that have similar traits. For some reason, all at once a lot of for sale signs pop but as you said its not always a bad thing. Thats when it pays to do your homework on an area to find out how best to advise your client.

06/21/2008 03:20 PM

by Huntsville Alabama Real Estate Agent, Kimberly Grant (Exit Leon Crawford Realty)

Kimberly- Doing your homework is always the key. Good Luck

06/23/2008 02:38 PM

by James Wexler, Associate Broker~Coldwell Banker (Coldwell Banker)