A happy Friday to all of our readers - whether you are reading this on our Blog, in your E-mail, or in your RSS Feed Reader !
Regional differences in markets and in tastes are what makes the Real Estate market so intriguing. One question we often hear is, "Which Style of Home is the Easiest to Sell or Flip?", and the answer is, "It Depends".
Jamie Goldberg, who works with Realtors and investors on updating their listings, says that the answer will vary by region and price point. Goldberg says that in San Diego, Craftsman homes are very popular in certain neighborhoods (North Park and Hillcrest), Contemporaries sell well on the coastline and downtown, while in San Francisco and other historic areas, Victorians are hugely popular.
Real estate investor Clint Gordon states that in South Florida, a Cape Cod would linger on the market as an oddity, and that, "There is a reason certain styles of homes are prevalent in a region and most often, they are practical, functional reasons", and that investors should stick to the prevalent style in a community.
Indeed, this is confusing, but it does answer the question: know your market. Research the area and know which style sells. If you are a Realtor and you need to sell a style of home that Gordon called an "oddity", then spruce up the interior and make sure the MLS shows plenty of the interior.
Any questions or comments? We would love to hear from you.
Have a Great Weekend, and Happy Rent-to-Owning !
