Is The Advantage FOR or AGAINST You?

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

got a question?Real estate markets ebb and flow.  Sometimes LOTS of homes are for sale, sometimes hardly any.

The advantage may be to the seller, or to the buyer depending on home supply.

And within our market, there can be segments that are in the seller's favor, and others in the buyer's favor.

One of the reasons we keep track of our local real estate markets is so we can identify WHICH segment is which.

It doesn't go well if you think the advantage is to the seller and it's actually a buyer's market, or vice versa.

Right now there are some obvious gaps in home supply in our local markets.

Throughout Greater Cincinnati, patio homes priced under $250,000 are almost non-existent.  Slide up to $300,000 and there's a LITTLE more selection, but still not much.

You want a Mason condo?  Yeah, about that.  For the better part of the last couple of years, it's rare that there are a DOZEN Mason condos not under contract, and more often than not we're talking single digits.  Factor in that is across ALL price points and it's pretty apparent that if you want a ranch condo with no steps priced under $200,000 we're going to have to be on our toes and get after it day 1 on the market.

You want a Lebanon home priced under $200,000?  Just a few days ago there was ONE not under contract.

Mason homes priced under $300,000?  Well there's not many of them either.

On the other hand, there are other segments of the market with ample supply.

Want new construction anywhere in the burbs?  It's out there if you have the budget to fit the area.

Luxury homes in Mason?  There are plenty of them too (after all, only so many people can spend that kind of money on a home).

 

Bottom line, you need to talk with an agent that understands the particular segment of the market YOUR home (or home to be) fits into.  Is the advantage FOR or AGAINST you?

 

Want to discuss further?  Just give Bill a call at 513-520-5305 or email Liz@LizSpear.com.

Serving Greater Cincinnati home buyers and sellers,

Bill & Liz aka Bliz

 

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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

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Rainmaker
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Raymond Henson, SRES, GRI
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

You do have a lot of options in your market and buyers would do well to listen to your advice.  

May 13, 2020 10:01 PM #1
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

when talking with buyers recently about an offer, on three seperate occassions they "gave in" to my advice and offered less than they wanted to offer.  The third offer was the winning offer.  And it's because I know what's happening in my market and I also KNOW the listing agent and how she prices and pushes her clients for the sake of "making a deal"

May 13, 2020 10:06 PM #2
Rainmaker
3,617,460
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Liz and Bill - there can be a range of responses when strategy in real estate is concerned.  Even within the same market.  Add in the insight of the practitioner who may or may not be a true expert.  Once again, you raise some excellent points.  

May 14, 2020 03:17 AM #3
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