Given the many potential lifestyle differences among Oregonians, how about differences when selling a home? Oregonians have plenty of housing options. For many homebuyers, one main decision is whether to live in the country, or the city.
If you’re selling country property, it’s important to realize that not everyone is a prime prospect for your home. That’s because buyer considerations between country and city properties include trade-offs. Some of these trade-offs include commute time, convenience and affordability. It’s true that home prices in general tend to become more affordable with added distance from the economic hub of cities. Yet even given a lower house price tag, with increased countryside commute times and what some see as rural inconveniences, there also tends to be a decrease in buyer demand.
While many buyers speak longingly about having ‘a place in the country,’ the reality of change is just too overwhelming for some. So they stay in the city or suburbs. Does this mean country property sellers are doomed to the ‘double whammy’ of fewer buyers and a longer selling period? Isn’t there a buyer for every property? And what about other aspects of the sale, like getting a loan, appraisal and inspections. Are those different for country transactions, too? Find out more in this helpful edition of the Oregon Real Estate Podcast.