“That’s exactly the house I want at the price I want to pay but…”
So many times, a buyer will look for months, even years, to find the right house a the right price in the right location. Unfortunately, there are times when they can't have all three things.Richard Weisser with Coweta Fayette Real Estate describes this situation so well that it's worth re-blogging. Read on....
Anyone that has ever sold real estate for a living has had this happen more frequently than you would expect:
A buyer views a house in their price range and deems it as perfect except for one minor issue…
They want the house to be somewhere else!
And even though the mantra of “location, location, location” has been chanted so many times that it is embedded in the psyche of nearly everyone, buyers often overlook the underlying principle that drives the value of real estate:
If more people WANT to live there for ANY reason, the property will cost more.
If more people DON’T want to live there, prices will be lower.
Even in a so-called “buyer’s market,” many people are looking for quality homes at fair prices. And competition for the best houses is intense.
So one has to either adjust their expectations or be willing to pay the market price for the property that they wish to make their home!
It is a simple principle that is often overlooked.
But it is an inescapable truth!
All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate Better Homes and Gardens Metro Brokers, Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required. Visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park. North Georgia Photos.
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