Sept. 27, 2019

Does Size Really Matters?

Bigger Isn’t Always Better!


Everyone’s drawn to the biggest, most beautiful house on the block. But bigger is usually not better when it comes to houses. There’s an old saying in real estate: don’t buy the biggest, best house on the block! 

The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell. Keep in mind that your home is only going to go up in value as much as the other houses around you. There are a ton of other reasons why you shouldn’t do it: your home may not appraise at the value you are hoping for or you will struggle to find a buyer and I can list a bunch more but I see you’re getting the picture.

The home you purchase will have long term ramifications including your happiness as well as long term appreciation.

Let’s put that in prospective:

If you pay $245k for a home (Yes, in Springfield Mo the current average sale price is at $173k) and your neighbors pay $150k to $180k, your appreciation is going to be limited. Sometimes it is best to is buy the worst house on the block, because the worst house per square foot always trades for more than the biggest house.

If you or someone you know has one of those homes that nobody wants please let me know. We have a pool of investors that would be happy to write you an offer and the best part is that 99.9% of those deals as bought in as-is condition! 

Let’s chat and go over details! 

Contact Us

 

 

 

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates