If you’ve even thought about real estate at some point you’ve likely heard the old tried and true: “Location! Location! Location!”…well, it’s a great saying and location is definitely a big factor, but it’s no longer the be all end all factor that it once was.
What is? These days it should go more like Location, Condition, and PRICE. Confused? What changed? Don’t worry, we’ll lay it all out for you here below…
Location of course is still the first and foremost thing people consider, no one wants to have the perfect place that’s 2 hours from town, uphill both ways, on bad roads with no street lights. But fact is, you can’t change the location of listings any more than the real estate agent can – so it might be one of the items to have a little wiggle room on.
Condition! This is the keystone thing. The home can be in the perfect spot, corner lot and close to everything…but if it’s a total dump do you want it? Sure, there’s “good bones” but do you want – and are you really prepared – to move and then have months of updates and construction to deal with? Likely not. Just the same, there’s wiggle room here too as you can always work with a basic home and really get a lot of return.
Price. Yes! This is the one everyone is concerned about. If it’s in the perfect spot, and in good condition, but is way out of your budget it’s no good after all. While there’s no getting blood from a stone you can find ways to negotiate, especially if you’re working with an experience REALTOR®.
Location may have been all it was about in the old days, but there are so many more available properties being built, with more every day, and that means more options for buyers. As you can imagine, it’s really best when these three factors all come together in equal amounts – the right home in the right place in good condition at a fair price. If you’re struggling to find home, or just don’t know where to start get in touch today to see what can do done to get you on the right road home!