![]() HOLY COW, here i am appointment after appointment, getting listings until I realized that almost everyone was up the creek. I sent out a mailer, and I got slammed with phone calls, what had happened is that the entire street ( all 7 blocks ) got a special assesment fromthe county for sewer line replacement. I once came accross this in my farm area 10 years ago. Serving Warren County's residential real estate needs,Īs A Realtor, We need to see the good and the bad in this situation. ![]() Maybe it's just a case of seller needs aligning at the same time! So just because there's plenty of For Sale signs on a street, don't assume it's a reason to steer clear. So it can be a win-win for you as the buyer, more to pick from AND a better price. Supply and demand, and thanks to all the supply, all these sellers are going to need to compete, and price is usually the way that happens. Each reason valid by itself, none with real negative connotations for the neighborhood, but overall buyers might see a "problem" with the neighborhood.Īnd as a buyer, what does it mean to you? Well if there's no actual reason for a mass selling (new highway? school district change? city boundary change? Taxes doubling?), then it should actually mean the opportunity for a better deal for you. Now if Bob wants to be upwardly mobile and keep his paychecks flowing, he agrees, and if he's lucky he gets relo benefits.Īlso down the street Sue & Jason realize that keeping up a historic home is WAY more work and money than they expected, and it's time to go before their bank account is totally drained.Īnd Sandra is tired of the apartment building behind her home and all those peering eyes and has decided a move to the country and five acres of privacy is what she wants, so now we're adding another For Sale sign.Īnd Frank & Rita have realized that staying married is just NOT going to work for them without one of them wearing a fashionable orange jump suit, but since they're DINKs (Dual Income No Kids) and they bought the home based on BOTH incomes and neither one can afford to stay, FOR SALE.Īnd Abe & Helen raised their family in their huge home, but the kids are long gone, and those cold Ohio 's time to downsize and get that beachfront home in Florida they've always wanted.Īnd we could easily go on with the list, upcoming marriages, medical issues, etc. It's time to go build their dream home while the interest rates are historically low.Īt the same time down the street Bob was told his Fortune 500 wants him to take a new job on the other side of the country. So Ellen and Sam put their home on the market. There's a tipping point between thinking "Great, I've got choices" and "What is wrong that so many people are trying to sell?"Īnd there may be nothing wrong with the neighborhood, but just an alignment of circumstances, and those circumstances can work out on your behalf if you're a buyer.Īfter a few years of a down market in which most sellers that didn't HAVE to sell decided to sit on the sidelines, there's been enough positive news in the press that sellers have decided to take the plunge and list their home for sale. You drive into a neighborhood and there's For Sale sign after For Sale sign. Why Are There So Many Houses For Sale On This Street? ![]()
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