The new Ashland subdivision is open in Lake Carolina, but is this good for the neighborhood? My answer is yes and no. It's good for those wanting to buy in Ashland, not good for those who need to sell. The real estate market in Columbia has shifted over the past two years, making it an excellent time to buy. For builders to keep profits up, they have to shift with the market, making new home prices in Ashland very attractive. However, this poses a problem for current residents, especially those that bought 2-3 years ago which seemed to be the peak of a "sellers" market. Residents that are forced to sell now are being beat out week by week by new homes. And why not? Homes sold in Ashland are 5-10% less than what they sold for 2 years ago. If you are a resident who needs to sell your home in Lake Carolina, you have to price your home very competitive. Buyers are looking for a great value, and you have to provide that to have any chance of seeing an offer. Remember this though, you may lose some money when selling your home, but you should more than make up for it when buying your next home. As long as you have a great Realtor to help you along the way.
For a free online market analysis in your neighborhood, visit my website at www.markcorral.com.
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