Is Real Estate the same everywhere?

April 8, 2009 in housing market

I was speaking to a customer just the other day and she said something to me that made me think. In the course of our conversation, she told me that Real Estate was the same basically. She indicated that it did not matter if you were in Corryton, Tennessee or Dunwoody, Georgia or Springfield, Oregon or in Italy, it was all the same. Well, actually she is wrong. Each and every market is different. What might be going on in Kirkland, Washington does not effect Aiken, South Carolina any more than it does Valparaiso, Indiana. The point is, each and every city has their own markets. And for most cities, they have multiple markets.

This is really important when it comes down to picking a Realtor. Yesterday, I wrote a post concerning the importantance of choosing a Realtor. Today, add this post to that one, because it is just as important as choosing to use one. This is why you need a neighborhood expert. When you get to the point that you are ready to sell or buy, remember that just because Johnny’s home in Little Rock, Arkansas sold in 10 days and Thelma’s home in Houlton, Maine sold in 195 days does not mean that your home will have the issues to deal with.While I am on the subject of buying, let me say this. When you are in the market to buy a home and you come across the one that you like, buy it. If you do not, you have no one to blame but yourself. Also, when you are thinking that it is time to put your home on the market, do not wait. Contact your Realtor immediately and get it out there. Otherwise, when the market turns upside down, you have only yourself to blame.

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