Are You The Experiment?
I had a real nice couple with me yesterday I was showing who are relocating to the area. They had picked out about 6 homes to see and one of the neighborhoods I just couldn’t place. It was our last showing and as we were driving up I immediately remembered it. I showed in there about 6 months ago and I told my buyers then that I noticed no one has bought in the neighborhood. There were 6 or 7 houses completed in there. Don’t get me wrong the houses appeared nice but I told them it was pretty risky to be the first one to purchase. They bought elsewhere.
Buyer’s Agents Help Home Buyers
Well yesterday going back….boy was I right. The developer had completely let the place run down. As we drove in I said “folks, now look at the entrance here”, over grown, a few trees down. And guess what, there were those same 7 house sitting there! Actually one poor buyer had bought in there. I just don’t get it! Maybe the buyer bought directly from the builder’s agent but how could any other agent assist with the sale of a home in there? Maybe the buyer just had to have it, I don’t know, all I know is as a buyer’s agent I would have to say that this is not a good decision.
My buyers and I walked in one house and I said, Ok let’s say you get it for $170,000, now you’re the second owner out here and look at the shape of the neighborhood. The builder has stopped building, the grounds are in disrepair, etc. Then let’s say the builder drops prices another $30,000 just to unload the homes, or they go bank owned.
Folks, don’t be the experiment, look at what you’re buying and don’t get caught up in gotta have it. What’s that old saying about location :-)?