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You are here: Home / Barrington Horse Property / Horse Property Buyers Coming Back To The Market

Horse Property Buyers Coming Back To The Market

June 2, 2017 By Corinne Guest, REALTOR® Leave a Comment

Page Content - Quick Links

  • Horse Property Buyers Should Hire Equestrian Experts
  • Buyers and Sellers Not Matching on Pricing
  • Horse Property Buyers Are Looking

Activity in the real estate market in 2017 shows sales of horse properties. Website enquiries are bringing me horse property buyers. Horse property buyers are back searching again. This is a good sign because horse properties are a unique section of real estate, they can be residential with zoning for horses or commercial property like horse farms. Because of that uniqueness they are slow to follow other types of real estate in a market recovery.

Horse Property Buyers Should Hire Equestrian Experts

horse property buyers are coming back to the market

Buyers and Sellers Not Matching on Pricing

There are plenty of choices for horse property buyers in Lake and McHenry Counties, the two areas I serve most for equestrian buyers and sellers. Buyers tend to look in wider areas than one town for horse property. Much comes down to budget and requirements such as ready with fenced paddocks, barns, arenas and ability to either ride or train according to their needs. Every buyer has different needs when looking for a horse property. Sellers need to understand it is not about looking at 20 horse properties and taking pick. Horse property buyers all need and want different things. They also usually have more time to look.

Buyers are well educated, very well educated. Since the real estate tumble, or crash or whatever we want to call it, buyer’s became savvy very quickly. With the internet being a gold mine of information they seek real estate data and well informed real estate agents, and especially buyers agents who sell horse property all the time. They want to understand about pricing because horse properties have a uniqueness not found in general real estate.

One of the biggest areas of over-pricing in horse property is the value of the land. In 2016 and 2017 sellers appear to have not yet understood that land values literally crumbled. Acreage is simply not worth what it used to be. This will be a long recovery.

horse property sales strengthening

Horse Property Buyers Are Looking

Sellers may be wondering when buyers are going to come looking at their property. Buyers are not bothering to look when the prices are too high. Here’s the two sides to this:

  • A seller might expect a buyer to look anyway and maybe make an offer.
    • Seller does not understand the buyer’s perspective.
  • A buyer will see an overpriced property and will not bother to look.
    • Buyer’s perspective being the seller is not being realistic now, so why would he sell at the market price now.

A buyer will look elsewhere, or wait for price reductions. Selling real estate is business transaction that takes time. No point wasting time. Buyers do not want the hassle of trying to deal with sellers and over-priced properties. Usually the attempt goes nowhere, fast. So they look at other properties that correctly match their needs and budget. While some buyers have time, they don’t have time enough to watch unrealistic sellers become realistic. Usually buyers find another property and move on.

If you are a seller and are waiting for buyers, they are in the market. I have several looking in Lake and McHenry Counties. We are actively looking at properties that are priced right. We are only watching, anonymously, at those overpriced properties. Sellers do not know we might indeed buy their property if the asking price were realistic.

For help buying or selling horse property, contact Corinne at 847-363-3686

Filed Under: Barrington Horse Property

About Corinne Guest, REALTOR®

Corinne is a REALTOR® and the Managing Broker & owner of Barrington Realty Company, a boutique real estate brokerage in Barrington Illinois. She has a passion for digital marketing and helping buyers find their dream lifestyle. She specializes in horse property, new construction, luxury homes and relocation focused on these communities: The Villages of Barrington and their neighbors of Fox River Grove, Palatine, Kildeer, Long Grove, Hawthorn Woods and Lake Zurich. With a passion for the country lifestyle Corinne hopes to help you find your dream home. For sellers Corinne's focus is digital marketing, professional photos for every home, drone photography, and unbeatable internet exposure.

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About Corinne

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About Corinne Guest Corinne's natural point of aim, the thing she loves to do most, is help home … Learn More

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