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Its not Location, Location, Location that are the 3 most important words in real estate, they are....

By
Real Estate Agent with Century21 AAIM

I am often asked by people or quoted to from people that the 3 most important words in real estate are  location, location, location. While this is definitely a key ingredient in the selling pie Im going to propose something else that carries more weight.

Living in East TN and the Smoky Mountains when you say LOCATION, this can mean desireable locations anywhere from Downtown Knoxville lofts to Lakefront Property to Mountain Chalet living. 

While all three have the desirable LOCATION part, there are two of these that have a handicap.

The Lakefront property and the Mountain Chalet both are handicapped by the amount of EXPOSURE they can get due to their LOCATION. The Vol Navy(UT football fans who drive our boats to the waterfront stadium) and black bears are about the only creatures who see these homes or lots.

Therefore I put forth that the three most important words for SELLING real estate are..

EXPOSURE, EXPOSURE, EXPOSURE!

Anyone who has been in sales can tell you that it is a numbers game. The more people that see your home the better the chance of getting that all hallowed CONTRACT!

So even if your home/listing isn't in the greatest location you might have an advantage over someone in the same price range as you in a desirable location who doesn't have that all important thing when selling........ EXPOSURE, EXPOSURE, EXPOSURE.

So when choosing an agency(to work for) or a realtor(to represent you) make sure it is one that understands the importance of this.

 When it came time to pick an agency to work for I knew it was 1 of 3 companies. All 3 are national companies who are great, but I went with Century21 for reasons including these 3...... 

1) My Broker

2)Market Share

3)EXPOSURE, EXPOSURE, EXPOSURE!

Cindy Edwards
RE/MAX Checkmate - Johnson City, TN
CRS, GRI, PMN - Northeast Tennessee 423-677-6677

Exposure is just as important as location!  We are just lucky enough to live in Northeast TN!

May 26, 2009 06:39 AM
Joanna Szwyd
StoneHouse Properties - Great Barrington, MA

Richard, hello from Massachusetts:)  I liked your post and I agree that it is a numbers game:)

May 26, 2009 06:41 AM
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

PRICE, PRICE, PRICE doesn't hurt either, that and exposure are important. If you are overpriced, all the exposure in the world won't sell a home. Thanks for the post.

May 26, 2009 07:24 AM
Richard Harbin
Century21 AAIM - Knoxville, TN

Great point Schuman clan. I always have short articles stressing the importance of price point in my listing presentation that I leave with my customer/ clients.

May 28, 2009 04:33 AM