User19347_1_t Ken Montville -- the MD Suburbs of DCThe MD Suburbs of DC
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There is an old saying that says the three most important things about real estate is "Location. Location. Location."  This has been repeated so often by so many that no one questions it anymore.  The fact of the matter is that, as important as location is with real estate, it is not the only important aspect.  As I mentioned in my two previous posts, Price and Condition, are equally, in not more important than Location.

It is location that you, as a home seller, have no control over.  Your house is on it's piece of the earth and, more than likely, it isn't going anywhere.

Granted location does have an effect on price and condition.  Certain neighborhoods command better prices than others. Heck, even in College Park you can see a pretty wide gap in home prices from one end of town to the other.  Homes in the Hollywood section are priced in one category, homes in College Park Woods or College Park Estates are priced in completely different categories. 

Location also has an effect on condition. Some neighborhoods are known for the old, beat up cars in the driveway, or kids' toys cluttering the yards and sidewalks. Maybe a couple of lawns are overgrown.  There are usually a few people in the  neighborhood that keep their place looking like a picture from a magazine but, for the most part, the neighborhood looks well lived in.  Other neighborhoods have lawns that look like gold courses with houses that have large decks and the Lexus in the garage.

Regardless of your neighborhood, the fact remains, you cannot do anything about the physical location of your house.  It is what it is. 

What you can do is control the price and condition of your home.  You can price your home competitively based on what homes similar to yours have sold for in the recent past.  In fact, if you want multiple offers leading to a bidding war, price your home low to the market.  You can also control the condition of your home.  You can clean up and de-clutter.  You can paint and carpet.  There are all kinds of things you can do to make your home as appealing as possible to potential buyers.

Close to Metro? Close to schools? Big lot? Small lot?

Hey, don't lose sleep over it.  Someone built that house there and you bought it at one time.  Someone will again...if it's priced well and looks great. 

 

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Real Estate Agent: Ken Montville -- the MD Suburbs of DC (RE/MAX Advantage Realty)
Ken Montville -- the MD Suburbs of DC
College Park, MD
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RE/MAX Advantage Realty

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