Monday, April 9, 2007

Awesome 'For Sale By Owner' Idea

Check it out: http://8720camberly.com/default.aspx.
It seems that Birkdale Village Real Estate is so hot right now that For Sale By Owner is all the rage. While on one of our twice daily dog walks around the village we saw this awesome house for sale at 8720 Camberly. Even cooler is that the flyer references a really neat website dedicated just to describing the house. It seems like a great idea especially if you're not registered with the MLS and just relying on drive by drivers. Who doesn't want to look at pictures and be able to point family and friends to a website to help make or solidify the purchase decision.
In Birkdale For Sale By Owner works because there's usually so few houses of a certain type for sale that buyers want to see everyone available before deciding. I know that when we bought here (it was December) there were only 3 houses available at the time and of those there was only one that met our criteria for price and square footage. Right now (Spring Time) it seems that For Sale and For Rent signs are blooming like the flowers. Last year at this time I was concerned that there were too many houses for sale and yet they all sold and the prices went up - go figure. Hopefully, this year will be more of the same and supply with stay tight so that the village continues to see property appreciation.
I view property appreciation as a double edged sword. On one hand it prices out people that would love to live in a mixed use community. On the other hand, hopefully, it conveys to both developers and the planning board that people really want to live in great quality of life locations. Now, if developers build more Birkdale Villages, would Birkdale continue to be so special? Ah, what a conundrum.