Paula Henry

This is the top of the main-content

Archive for April, 2007

Defining the Indy Real Estate Market Means Going Local

April 30th, 2007 categories: Indianapolis Real Estate News

Where do you go for local real estate news in Indianapolis? Is it the local newspaper? The news channel; or, do you listen on the way to work? When these media outlets speak, it is usually in general terms. How local does the news have to be to have an affect on your homes value or your decision to move? I believe you need to go very local.

A general  real estate market really doesn t tell the story. Generally speaking ¦see how the words are well, too broad! Exactly what does a general real estate market look like? According to Encarta the word general means; overall, usual, widespread, miscellaneous, not specialized and not specific.

First, we have the words; overall, usual and widespread. Too generic to describe a particular market. How about miscellaneous, which means ¦ ¦.having a varied content or wide scope. The definition is only somewhat accurate. Real estate is certainly varied and wide in scope, which is why the following definitions are of more importance.

Here are the keywords; not specialized and not specific. See, general is too broad! Real Estate is specific and is specialized. Too many variations exist between localities and types of real property to generalize.

When you receive news about real estate, is it The Real Estate Market, The Indianapolis Real Estate Market, The Hendricks County Real Estate Market or the Avon Real Estate Market? How about the community you want to buy or sell within? There can be distinct differences in neighborhoods within a city.

There are also distinct differences between types of properties. What may apply to single family dwellings may not apply to condos, investment property, new construction or land. You have to go very local to get specialized and specific.

When you really want to know what is going on in the real estate market, get local information and advice.

Authored by Paula | Discussion: No Comments »