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Home Buying Step 3, Location, Location, Location
Home Buying Step 3, Location, Location, Location
Another Real Estate cliché, this one is true on many levels.  Where you want to live is critical to you, your resale value, your long term satisfaction and the relative affordability. 
Granite counters and 5 piece master baths may be high on your desirability list, but the problem may be your budget.  I've recently been in beautiful new construction homes offering both of these for around $250,000 in the greater Seattle area.  I've also been in homes over $600,000 that didn't have them.  The difference is location.  Where you want to live? 
Generally the closer you are to the city center, the more expensive real estate is.  Shorter commutes often translate to higher prices.  As you leave the city center you can almost see concentric circles of prices, gradually getting less expensive the further out you go.  So one of the first questions I ask is "where do you work and how much of a commute are you comfortable with?" 
Another issue regarding location and value is schools.  I've had buyers insist not only on specific school districts, but actual elementary schools within the district itself.  Even if you have no children, don't plan ... more

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