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Same Thing, Different Place, Same Homes, Different Time!!!

By
Real Estate Agent with Coastal Palmetto Realty

Okay people having lived in Ohio and South Carolina and I have been able to see some very unique homes, developments, and attractions.  One thing that is starting to bug me is the fact that the new trend down here in Horry County is these cookie cutter developements!!  All the developer is concerned with is slapping up homes, hoping the yankees come down and buy a home from them. 

First of all I have seen first hand what happens when developers fail to plan or offer variety!  The foreclosure rate in the midwest is horrible.  Is it because the developer got greedy?  Or is it because he paid too much for the dirt and didn't run his numbers?  Or is it because people tried to keep pace with there friends? I dunno!!

 What I do know is that in Ohio a lot of developers have the same house and floor plan three houses down from each other and its like they cut and paste on a cpu!  I am starting to see this trend down here and you know what people it does not work!! 

Why does it not work because in 5 years when you go to sell your home, how are you going to distanguish your home from your neighbors who has the same floor plan, same style, probably same colors, and probably paid near the same price??  I mean all you have to fall back on in location.  Doesn't sound like a great investment to me.  Now don't get me wrong we all need a roof under our heads and we need to be thankful, but at the same time we should be wise with our money and investment.

I wish some devlopers would look at the big picture instead of density and bottom line, bc the bottom line will and can come back to haunt you. Besides if you are going to go to all the trouble to spend money marketing something shouldn't be different and not the same, sometimes in Real Estate you have to take chances and not do what has always worked.  What is everyone's take on this??

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Brandon Causey
Coastal Palmetto Realty LLC - Loris, SC
Realtor, Coastal Palmetto Realty LLC

Way to go Scot...You passed her again.  Great Post.  I think you get plenty of comments on this one.

 

Oct 10, 2007 05:55 AM
Chuck Christensen
Your Financial Coach - Bellingham, WA
Of course the developers are looking at the bottom line. You should visit Mesa, Arizona...they only used 2 different cookie cutters....one for straight roads and one for the corners to go around the golf course. It's simple economics and won't change till the county land administrator and county council changes...all that takes is a few unlawful gifts to the family...a few free dinners and inner trades for services. People are only worried about what the media tells them to worry about...interest rates! They can't figure out that if you offer 10% LESS, and have a 1% higher interest rate...your payments are about the same...Realtors need to push this and sell houses...not hold out for that extra 3% on $25,000...after the brokers cut and Realty Company cut...your better off closing and moving on...volumn will always win the money game...Sometimes you also need to look at the median cost...about $325,000 for a 3 bed, 2 bath in Whatcom county with 5 feet of property on each side...What is the median in Ohio or SC? Time is money...and if you wait anothe year to buy a house...what will you save compared to what will you lose from waiting....now that is gambling...prices will continue to go up and so will the cost of living and expenses to buy that home....waite is what broke the bridge!
Oct 10, 2007 05:56 AM
Brandon Causey
Coastal Palmetto Realty LLC - Loris, SC
Realtor, Coastal Palmetto Realty LLC
Did you text this? LOL
Oct 10, 2007 05:57 AM
Carole Cohen
Howard Hanna Cleveland City Office - Cleveland, OH
Realtor, ePRO
Hi Scott, my mantra here in NE Ohio is 'price points below 300k' and I agree about the density issue. Good read!
Oct 13, 2007 06:06 PM
Brandon Causey
Coastal Palmetto Realty LLC - Loris, SC
Realtor, Coastal Palmetto Realty LLC
Stoped in to give you some comment love....I thought this post would have gotten more action than this...Guess people haven't learned there lessons yet.
Oct 17, 2007 01:30 AM