Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Calabasas CA (Barcode Properties)

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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I do think that it's hyper local.  But I also think that it is much easier these days for a good agent to work in expanded geographic areas and to do a superb job for his or her clients. 

Sep 16, 2015 12:58 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not nearly as much as people claim that it is.

 

Sep 16, 2015 08:48 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Inna,

Because they no more than anyone else.  For instance, there are areas where you are above the marine layer in the summer, or gnats in other areas, etc...If you do a study on how many international buyers are buying, you would be surprised how few there really are.  The foreign buyers are in concentrated areas not all over the US as many would have you believe.  A

Sep 16, 2015 08:30 AM
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Sara Wagner
Woodland Management Service - Adams, WI
The Forestland Experts!

Yes, but not nearly as much as some would like to claim.

Feb 10, 2019 12:25 AM
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Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

Although a lot our activity is local, we are influenced by the entire world.

Just look at ActiveRain -- we are from all over and are interacting to learn and to help each other every day.

Sep 17, 2015 03:23 AM
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Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Inna - I believe it depends on your market and your niche. If you sell million dollar luxury homes, or vacation homes, or you are targeting people "moving to" your area, your market is international. If you concentrate on a couple of neighborhoods in your area, then it is much more local.

Sep 16, 2015 02:51 PM
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Have you ever received an inaccurate appraisal done by someone not familiar with the neighborhood you sold in? That's how I know it's always local! 

Sep 16, 2015 02:13 PM
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

I think it is still local.  (At least in my area)

Sep 16, 2015 01:11 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

because they know the nuaces of the market. You cannot get that from a computer program.

Sep 16, 2015 10:42 AM
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I have worked with people from 3 different countries in the  last twelve months so yes I'm a believer in the world market...

Sep 16, 2015 10:24 AM
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Renee Paray
Coldwell Banker Preferred - Blue Bell, PA
REALTOR

Every market is unique. Within each market exists sub markets. I feel it is important if possible to find the history of the neighborhood. In one sub market, a real estate company buys small parcels of land and shoe horns homes on them. As it turns out, the local expert told me that the homes were built over a creek. There wasnt any information regarding this online. As it turns out the homes were filled about 4" of water with 2 sump pumps running 100% of the time. 

Sep 16, 2015 10:07 AM
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Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Oh yes.  Technology is great it does most of our work for us but prices in my market and prices in yours are hugely different.

Sep 16, 2015 09:19 AM
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Because the locals know or should know what is going on behind the scenes that is driving business and possibly have insight into the future.

Sep 16, 2015 08:49 AM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes if ...a yes or no question. However, I talked with another listing agent who got a call out of state for help here in CA from the Internet. If there was a set formula, we would all be following that.

Sep 16, 2015 08:01 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

A local professional is the only one who has the most up-to-date information on insight and trends in that market.  Jeremy Branum confirmed the need for the assistance from someone with local knowledge.  I live in central Washington State.  I would NEVER use an agent from any other part of the state, let alone other states, to buy or sell property.  Likewise, when I was an active agent, I would have never tried to help a client buy or sell property in another market.  Anything over 25 miles from my market area got referred out... and sometimes closer if it was not in my area of expertise.  I remember having an agent from the Seattle area sell one of my listings on the river.  She didn't even ask for a septic pumping or inspection. She probably didn't even know what a septic system is.  Every market is unique.  In my opinion, real estate will always be local.

Sep 16, 2015 07:37 AM
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Jeremy Branum
Security Mortgage - Hollywood, FL
Offering mortgage solutions for all of Florida

 

Not at all.  Buyers are national and international.  As a lender and real estate investor in Miami you see buyers from across the Nation and around the world.  However, having a person(s) in a geographical area that knows the area does help.  Online tools will get you into a ballpark but they can only carry you so far, a subject matter expert is a huge help when making the right offer. 


To illustrate my point, my personal real estate investment company recently was approached by a homeowner that wanted to do a short sale in Chicago.  We were able to reach out to a local realtor that we had contacts with.  She was able to help solidify our numbers and make sure we were going in with the right offer.  She also helped in choosing the right contractors to assist with the fix and flip.  Although we were close on all our numbers, her input was critical in maximizing our profit and in helping the homeowner get as much as possible for relocation. 

 

Sep 16, 2015 07:20 AM
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Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Yes, there is a big difference in the market here in Williamsburg and the close surrounding areas.

Sep 17, 2015 12:27 PM
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Inna Ivchenko Yes, I still think real estate is local. Technology allows us to expand our sphere where before we were limited to the local newspaper. Hiring a local professional will get the expertise necessary to complete a successful transaction.

Sep 16, 2015 11:57 PM
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Very nuch so.  A local agent will know the market and provide much more value.

Sep 16, 2015 10:20 PM
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Jeanne Feenick
NextHome Premier - Basking Ridge, NJ
Basking Ridge, Warren, Bridgewater Market Expert

I allow myself to serve as far as my knowledge - market and inventory - takes me and my MLS membership provides ease of access. Searches often evolve in my market with so many potential access points to the common commuting target -NYC - and I add most value if I am along for the entire process to help to bring it into focus. But the key is adding value - and so that is what I use to determine my boundaries.

Sep 16, 2015 10:14 PM
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Thursday morning Inna. I think that the market itself is local, however; it is affected by what happens nationally and globally.

Sep 16, 2015 06:10 PM