It’s All Local
Kathy Riggs August 15th, 2010
Real estate and politics have something in common that can be summed up by a popular adage, “it’s all local.”
Television news programs and the talking heads that have become a part of our culture have bombarded us recently with different takes on the economy. Are we heading for a double-digit inflation? Is the unemployment rate rising or falling? Listen to enough broadcasts and you may find what you want to hear.
However, there is one repeating commercial that sums it all up. Those spots sponsored by National Association of REALTOR remind us “Every market is different.” And buyers and sellers need to keep that in mind.
Some areas of the country have experienced a housing bust. Others never experienced the boom so the market didn’t have as far to fall. Many factors affect the marketability of a house beside the bricks and mortar. Economic factors, school districts and crime levels can make the same house more valuable in one neighborhood than another. Many sellers have learned this reality only after being saddled with the task of selling there parents’ home when one lives there anymore. Sellers who have moved to another town or state should not expect a property in one town to have the same value as it would in another city. Although the Internet allows us to shop from home, the best source for the facts about a particular market is one of the local REALTORS whose bread and butter is dependent on the market they work.
So before you list or start house hunting contact a REALTOR in that particular market. REALTORS are armed with the facts and figures you need to know if you are buying or selling. As the spokesperson says “Every market is different. Contact a REALTOR today.”
On the Lighter Side…
Note to Landlord: I am writing on behalf of my sink which is running away from the wall.
SHAMELESS PLUG
I have the perfect property for a trendy or quaint dining establishment just waiting for a new owner. The price has been greatly reduced. Property is in the middle block of a downtown section undergoing a rebirth. Neighborhing businesses include gift shops, hardware stores, specialty restaurants and a brewery. Call me at 252-939-2432 or email me at kriggs@kathyriggs.com for more information
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