The real estate mantra: Location, Location, Location echoes across the nation. We've all heard this before, and we can all subscribe to it. We know what a GREAT location can do for a listing!
So the "location, location, location" chant is true. Real estate IS all about location.
But Real Estate is also SO MUCH MORE!
I've stated before that real estate is: Legal, Legal, Legal.
While our customers / clients might be looking at a home purchase or sale very emotionally [read Pacita Dimacali's recent post: STAB IN THE HEART --- when your seller says you're working for the buyer -- about a VERYemotional seller], as licensed practitioners, we must realize the sale of real property is a very LEGAL transaction. And we must act accordingly.
When working under a listing contract, that's legal.
When working under a Buyers Representation Agreement, that's legal.
Being fiduciaries for buyers / sellers and writing up offers, going into contract . . . yup, you guessed it: LEGAL.
I've written a blog about the legal aspects of real estate: CONTRACT LAW 010 . . . err . . . I mean 101
Nuff said.
Then, in an interesting blog I read yesterday, I discovered another real estate truism.
Real estate is: Layout, Layout, Layout!
Please read this delightful blog by Mary Douglas: Are you a "Space Explorer"? Part One- Square Footage Mary puts it nicely 'in place' . . . ha ha ha . . . about the sq. footage elements of a home purchase, i.e., a property's layout!
So I've come to a new conclusion, and that is . . .
Real estate is: Location . . . Legal . . . and Layout!
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