The Importance of Knowing Thy Area of Expertise


The Importance of Knowing Thy Area of Expertise
By Scott Rogers • February 24, 2009
My main area of real estate expertise is in Harrisonburg and Rockingham County. I spend a lot of time assisting buyers and sellers in Harrisonburg and Rockingham County, and I also spend significant time analyzing the real estate market in these areas. Thus, I am very comfortable representing buyers and sellers in these areas. However, once I start venturing outside of Rockingham County, I know significantly less about market conditions, neighborhoods, available properties, etc. For that reason, if you are looking to buy or sell real estate in Augusta County, Page County, Shenandoah County, etc., etc., I will be helping to connect you to another Realtor in my company. Here's an example of the value of working with a Realtor in their area of expertise.... About a year and a half ago, my client bought a townhouse for approximately $135,000 that should have been priced around $165,000 or $170,000. The owner of the townhouse no longer lived in the area, so they didn't understand market conditions. Furthermore, the agent representing them was also located out of the area (a few counties north, if I recall correctly). Thus, the pricing was significantly off-base ($30K+ too low) --- AND the agent didn't have the property listed in our local MLS (thus, local Realtors didn't know about it). As a result, my clients were able to get a fantastic deal on the townhouse. Two funny points... The seller and seller's agent seemed quite surprised and delighted when they received my clients' full price offer. The appraiser was very confused, and called me to ask what was going on, and why the property was selling for such a low price. Again --- if you're buying or selling real estate in Harrisonburg or Rockingham County, I would be delighted to help you with that transaction. If it's outside of those areas, I will very likely help you connect with another agent that would be better qualified to serve your real estate needs. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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