DISCLAIMER: The views are expressed in this blog are simply that, MY views (and factual information from the local MLS).
I consider myself to be a very thorough Realtor. I enjoy previewing each new house on the market (all listings, not just the listings that my company has). I also really enjoy studying the market trends in my local area. I find that it helps me to do better BPOs and CMAs.
In my study of different areas, I've especially begun to notice how the new construction in Hunter Pointe is affecting the existing homes when it comes time to sell them. Living in a military town as I do, I know that some families will live in the homes they purchase for as little as 1-2 years before they have to turn around and sell because they are moving to a different base. Many times, as well, they owe more than what the home is worth in today's market and they try to sell the home for the more than the market analysis shows that it's worth. (I also find that many of these sellers initially try to sell FSBO) Sadly, these homes also seem to "sit" on the market longer than the new construction, as well.
So what does someone do in this situation? Do you try to get those sellers to rent out their homes in order to build more equity (or even until the construction ends in the Hunter Pointe Addition)? If they wait, well, that is less homes for the Realtor (myself) to list, but if they sell now, they might lose money or have to wait a long while until the "right" buyer comes along that is a perfect fit for the house. I feel that with the right marketing and the right sales price on the existing homes, I can sell them fast and show you that the existing market IS NOT DEAD!
My home is in the Hunter Pointe Addition of Altus, OK! Won't you let me show you the best way to sell YOUR Hunter Pointe home?