You Don't Control Land You Don't Own

By
Real Estate Agent with RE/MAX Elite 513.520.5305 www.LizTour.com SAL.2002007747

new houses coming soonIn a local Facebook group, a local builder's rep announces a new community in high demand school district.

It's a fairly affluent area that's made Money magazine's Best Small Cities To Live list more than once.  There's the "old" section of the town and then there's subdivision after subdivision after subdivision after......

And those new homes have NOT been cheap.  You want new construction you'd better be prepared to spent close to half a million dollars (or much more).

So the latest new construction announcement breaks the trend, homes starting at $280,000.

Now of course there's a tradeoff for that price.

The homes are going to be on small lots.  That's a given.

The homes will be the builder's "economy" line.  Sure they don't call it that, but that's what they are.

And then comes the backlash.  What I refer to as "got mine" mentality.  I've seen it over and over the last few years.

  • We wish that field would stay greenspace!
  • The traffic!!
  • The schools will be crowded!
  • We don't need MORE cookie cutter houses!
  • People with an axe to grind start commenting about how much trouble they're had with THEIR home from that builder.

But here's the reality.  The builder's rep had 25 appointments in 3 days to discuss building in the new community.  That "affordable" housing appeals to the buyers that have been renting apartments or older homes and want something new.

Despite the attitude of some towards the new community, I anticipate the new community WILL do quite well.  There's demand and the builder is going to provide the supply.

We don't control land we don't own.  As long as things are done in accordance with zoning laws, free enterprise rules.

So my advice to any buyer willing to pay extra for a home next to undeveloped land, can you expect it to stay that way? And for how long?  Because unless there's something to prevent it, someday that land may be someone's house.  If an area is high demand, it's just a matter of time.

 

 

Just give Bill a call at 513-520-5305 or email Liz@LizSpear.com and we can discuss how we can help you with your real estate needs! 

Serving Greater Cincinnati home buyers and sellers,

Bill of Liz and Bill aka BLiz

 

Posted by

Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

 FacebooktwitterWordpressYouTube Pinterest

 

 

 

 

OUR SERVICE AREA:


View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Ohio Warren County Mason

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,238,737
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Would agree those lots won't be vacant long....and there are likely to be the :"make it your own" folks with the addition of a bonus room and upgraded finishes for "less cookie cutter" appeal.

Jan 15, 2019 02:34 AM #1
Rainmaker
1,427,548
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

When purchasing a home next to vacant land, there is never any guarantee that land will stay vacant. True!

Jan 15, 2019 03:06 AM #2
Rainmaker
3,797,811
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning bill,

You are so right..in an area of high demand it is just a matter of time before it's developed...progress won't stop because you don't want it!

Jan 15, 2019 05:03 AM #3
Rainmaker
2,751,873
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This should be a given but not a lot of people see it that way, I guess. Education is key with these things. Love and light! :)

Jan 16, 2019 07:27 AM #4
Rainmaker
2,751,873
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I agree with you. High demand is no excuse for hasty behavior, you know? Just don’t do it is right! “ It’s not all worth the headache along with all the other things that can happen. :) Dorie Dillard CRS GRI ABR

Jan 16, 2019 07:32 AM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,674,726

Liz and Bill Spear

RE/MAX Elite Warren County OH (Cincinnati/Dayton)
How Can We Help You? Just Let Us Know!
*
*
*
*
Spam prevention

Additional Information