AboutChristy Duffell-Seguin Expertise I specialize in homes and land on Lake Murray, SC, one of the best investment areas in the Southeast. I am also a Century 21 Certified Luxury homes specialist, and a "Mature Moves" specialist in helping retirees and seniors sell their homes for the highest possible profit and to move into appropriate housing for this transitional time in their lives. I also own a construction company along with my partner who has 30 years of building experience, and we build both custom and spec homes. I can answer your questions on new homes, resale homes, land, and development. I also work in the commercial arena in a more limited capacity of mainly office and retail sites and sales.
Experience I have been in the Columbia, SC market for 6 years, and previously owned a landscaping and remodeling company in Knoxville, TN. I have been the top resale agent in my company for the past two years, and one of the top in the Southeast in the Century 21 System.
Organizations National Association of Realtors
Home Builders Association
Sales and Marketing Council
Founder of the Senior Alliance in Columbia, SC
Education/Credentials Masters of Business Administration in Marketing, University of Georgia
Bachelor of Business Administration, University of Georgia
Awards and Honors Century 21 Double Centurion
Century 21 Centurion
Top listing agent
Top resale agent
Century 21 Platinum award
Question I'm in a fairly new higher priced development. Since we moved in, the builder started building cheaper houses than we were originally told. Now, we find out that they are planning on selling off most of the area to a builder who is going to put in cheap townhomes. We think that this will drive the property values way down. Isn't that true?
Answer Hi Becca,
Your situation is frustrating, I know. The effect on your property values remains to be seen. How many homes were sold at your current market value? If you have a good pool of comparables, the nicer, larger homes will bring more. But it is never good to be the highest-priced home in a neighborhood. The highest priced home in a medium-value neighborhood is often equivalent to the least expensive home in a better neighborhood, and the latter is a better investment.
The short answer is that the lower-value homes will mitigate the appreciation on the the higher-value properties. The value may or may not actually drop, but the appreciation will not be what you would hope for or expect.
