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“I want a house just like this … but in better condition and in a better location … at the same price!”
How many times have we in the real estate business heard declarations like that? The client likes the essentials of the house, but they don’t like the area or the amount of repairs that need to be done.
We can always find a house in better condition and in a better location. But there is a price to be paid, because the value of real estate is directly related to these attributes.
There are only two choices for the buyer. Settle for less than you want or increase your price point.
Because the laws of supply and demand still hold true. More people want houses in good areas that are move-in ready, and are willing to pay for it.
And that’s a reality that cannot be overcome by wishing
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