Warren County Ohio Real Estate News and Observations

The Real Estate Market Doesn't Keep Secrets

The market doesn't keep secretsWe might like to think the real estate market keeps secrets, but it doesn't.  The real estate market speaks, sometimes in quiet whispers, other times in loud shouts.  The challenge is to listen as the market speaks and adjust our plans accordingly.

When the market speaks, it doesn't always tell us what we want to hear.  We've lived through swings of the market and it's critical that we understand the market environment, and those environments can change significantly as we cross school district and city lines.  A hot market may be blocks away from a lukewarm market, and even within the same market there can be big differences.  For instance there may be an abundance of single family homes for sale at the same time there's a severe shortage of condos for sale.

And the market can change it's message.  What we expect to happen at the beginning of selling a home can shift.  That offer that seemed low at the beginning might be the offer we'd wish for a few months later as the market says "your home is now only worth X".

And the same happens with buyers.  The idea of getting a bargain transitions to "why are all the homes we want going into multiple offers?".  Buyers that listen understand to come strong with their offers and act quickly to have a chance of calling a new place home.

As your agents, we have to listen closely to the market and at times tell you what you don't want to hear.  It's not fun, but it's necessary.

 

Ready to talk buying or selling a Cincinnati area home?  Call Bill of The Liz Spear Team of RE/MAX Elite at 513-520-5305 or email Liz@LizSpear.com.

Serving Cincinnati area home buyers and sellers,

Liz and Bill aka BLiz

 

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:  LizSpear@Go-Concepts.com

Search Homes:  Http://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

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Comment balloon 2 commentsLiz and Bill Spear • September 18 2017 02:17AM
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