Warren County Ohio Real Estate News and Observations: Change The Criteria, Change The Results

Change The Criteria, Change The Results

criteriaIn our mail today was Money magazine's annual Best Places To Live list and for the first time in awhile Warren County didn't have a Top 50 city.  Mason Ohio has typically been in the top 25 when the criteria aligned with what Mason offers.  But this year, it looks like the criteria shifted a bit.  For instance in a previous ranking, it was smaller towns/cities with a max population of 50k, well above Mason' official population.  This year's edition was up to 100,000 for population and guess what?  30 of the top 50 had populations greater than 50,000.  Frankly, there can be a pretty big difference in a city's amenities when you go from 30,000 to 90,000.  Does not making the list mean that Mason is no longer a great place to live?  Of course not.  Local residents have demonstrated year after year that Mason offers what they want, and the new home builders can certainly testify to that demand!

Now much the same as a magazine's Top 50 list, home shopping is also very dependent on the credibility of the data and the criteria used.  With most buyers starting their home searches online, the filters a buyer (or their agent) uses to set up searches is going to determine whether a home makes the buyer's Top 50 list, or is totally invisible.  And even when using the best criteria, an error made by the listing agent might hide the perfect home from an automated search.  For every criteria added to the search restrictions, the more likely that a suitable home may be eliminated from the results due to an error.  For example if you require a minimum lot size of 1 acre and the agent omits the lot information, that home no longer will show in the search results.

While it's tougher to look through more houses rather than less, it's critical to make sure the emphasis on the search is on true NEEDS and less so on WANTS.  Keeping that focus will give you the best chance to find the perfect home.

 

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
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Comment balloon 13 commentsLiz and Bill Spear • September 19 2017 12:21AM

Comments

Liz and Bill, great points and very well illustrated. I love statistics.

I often set two searches, one with broader and one with more focused criteria, exactly for the reasons you mentioned - a home that may work for the Buyers may be missed on the narrower search.

Posted by Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work! (HomeSmart Elite Group Tempe AZ Tel: 480-966-9353) 29 days ago

Good evening Liz and Bill Spear ,

Wonderful advice with some great points you make..great statistics. Keeping focused will make all the difference on finding the right house! 

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) 29 days ago

Such great information - I think that it is important to get out into the houses to see them rather than just rely on the internet

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Long and Foster) 29 days ago

You will be surprised that even slight modification of criteria can yield totally different results

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) 29 days ago

A magazine's list will never be able to capture the characteristics that make towns truly great. They are fun to read, but only those that call cities home can speak to their quality.

Posted by Luke Acree, Making Agents Memorable (ReminderMedia) 29 days ago

Home is here the heart is...So where is your heart?

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) 28 days ago

Great points! If you change one variable, it can change the whole equation, so to speak. Thanks for posting!

Posted by Corey Martin, Real Estate and Management Solutions (Martin Presence Group) 28 days ago

This is an excellent point. Buyers recently told me they only wanted to receive log homes. I changed their criteria. When the homes started arriving in their inbox, they called to say the homes were all too rustic--too much wood. Aren't all log homes too much wood? Apparently they are coming from an area where log homes don't have logs. Hmm? Tennessee log homes are all logs. Anyhow, best to be more general than too specific.

Posted by Tammie White, www.FranklinHomesRealty.com or (615) 495-0752 (Franklin Homes Realty LLC) 28 days ago

BLiz:

This is a great analogy for home searches. The criteria can make such a difference, but that also depends on the data supplied by the listing agent.  Doing a thorough search is not just checking a few boxes of search criteria...you need the backup of someone who knows the market, but also the MLS and how it works...or doesn't.

Jeff

Posted by Jeff Dowler, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) 28 days ago

Not something I ever would have thought of. Great post!

Posted by Sharon Tara, New Hampshire Home Stager (Sharon Tara Transformations) 28 days ago

BLiz- reports can only be as good as the information that goes into it. You make an excellent point of this with MLS information. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) 27 days ago

A third party change of criteria can make a big difference in your appearing on any given list.

Your quality may be top notch but not even show up.

Thanks for sharing great points.

Posted by John Wiley, Lee County, FL Real Estate GRI, SRES,GREEN,PSA (Jones & Co. Realty) 27 days ago

Often times your at the mercy of the agent that inputted the information in the MLS. For example, if a house has a fence but the agent fails to include that information in the listing and the buyer needs a fenced yard for pets of children, then that listing will never pop up as an option. I always advise buyers to limit what criteria they request so that they will see more options in the search results. It would be to everyone's benefit for the agents to more careful when entering information on their listings in the MLS. 

Posted by Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA, Providing the integrity and service you deserve. (Future Home Realty) 25 days ago

Participate