With times a changing and the economy the way it is, I am starting to see more and more buyers compromising there location for other aspects of the property.
First and foremost, buyers are compromising location over PRICING. Pricing is what sells a home right now, it doesn't matter in what country, state, city, or town you are in, it is pricing that is going to be the #1 determining factor on a buyer's purchase decision. It is like the American way of bargain shopping has hit the housing market and the buyers are only concerned about the deals. "Well I don't really know how much I want to spend, I am really looking more for a deal than anything." That is one of the key phrases I am hearing right now. If I have a buyer qualified for $250,000.00, they might look anywhere from $200,000 to $280,000, and it is the "value factor" that makes all the difference.
The second biggest thing, literally that buyers are compromising location for is SIZE. When it comes to home buying SIZE matters. 3 bedroom seems to be the most popular "minimum" request right now for buyers, generally they have at least one child or would always like that extra space for a computer room/ office.
There are many other little things that I see coming into play when it comes to compromising location, but those are the two biggest aspects I keep encountering My advice to buyers is just make sure that you are considering the re-sale of the property when purchasing, no matter the location or size, or price. Try to foresee if you think when buying this home it will be a positive invest for you in the future.
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