Concern over property value with lowere cost production home builder in neighborhood

Concerned about the stability of home values with Breland Homes building much lower priced homes in the neighborhood.



The house showed very well but we were concerned about the stability of the neighborhood’s home values in huntsville with Breland building much lower priced homes in the neighborhood. My buyers have focused on a house in HIGHLAND PARK past the new school.

Are you getting good showing activity? I gauge my listings on activity. If we are getting two or more showings per week I know we are priced within the market. If we get good activity but no or low offers there is an issue with the property. In this home’s case the home itself is exceptional but the surrounding less expensive homes is a problem.

As sad as it to consider a short sale, if your sellers have to move and can’t afford to maintain the property it might be an option. I have started using Stuart Jordan with Stan McDonald’s office as a liaison between my sellers and their lenders on short sales. They are a great help and well worth the 1% fee.

Another option might be to use the house as a rental and let seller hold the property until the market improves. The past three years the property management side of our business has grown by almost 30%. We are approached weekly by sellers who can’t sell and are able to rent to Huntsville newcomers who can’t buy until their current homes sell in even worse real estate markets.

The link below is to some information on our property management services. We do pay a small referral fee for new properties. http://www.huntsville-homes.com/PropertyManagement

Property management is a tough business with laws that favor the tenant. If you do property management or are considering doing it let me know. I can share some of our experience and resources with you.

Huntsville Houses Real EstateWe can assist you in finding area huntsville houses that will meet your needs and price range.You can search the entire Huntsville MLS for houses on your own without having to register.