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Tuesday, June 05, 2012

If I have the biggest house in the neighborhood, do I have an advantage when selling?

If I have the biggest house in the neighborhood, do I have an advantage when selling?  Most of the time I would say no but I think there are some rare exceptions like in a condo building where it is predominately smaller units and the seller has additional bedrooms and space.
I remember speaking with a potential seller once who was considering listing his  home for sale.  I asked the one quality he liked most about his home.
His answer was simple...."Everything - you just have to see this place!" 
Upon further inquiry I found out his home was the largest, most expensive home in the neighborhood.   Most of the time I do not see this as the best quality.
Having the largest home in the neighborhood is not always a positive.  I often encourage buyers to seek the mid-to-lower sized/priced property in a neighborhood.  I believe the likelihood of a smaller mid-priced homes gaining value is better.

The smallest home in an exclusive gated community is still in an exclusive gated community.
 

So is there an advantage when a seller has the biggest, most expensive home in the neighborhood? 

The home will sell itself based on its qualities and characteristics. Your buyer will be someone who wants the biggest, most expensive home in their new neighborhood.

The seller's best chance of making this happen - hiring the best Realtor expert for your neighborhood.




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