Home Buying Step 3, Location, Location, Location

By
Managing Real Estate Broker with Keller Williams Bellevue 47538

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 on having any or yours are grown and out of the nest, schools are an issue to keep in mind.  Great schools will always improve desirability which translates into better resale and potentially lower marketing time once it's your time to sell.  If schools aren't important to you, I know of great neighborhoods where values are down because they are just outside of a popular school district.  The homes are just as nice as those across the street.  If the district improves in the future, these values could shoot up.

What other community amenities are important to you for your next home?  Recreation, Shopping, Restaurants, Grocery Stores, densely populated or open spaces, are just a few that may come into play.  There are lots of resources on the internet and others only available to agents to help you come to a decision that best fits your criteria of the perfect area to live in. 

This is Step 3 in a series title Home Buying, 12 Steps and the Serenity Prayer

Step 1 Pre-Qualifying or Pre=Approval

Step 2 Who Needs an Agent?

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Dan Tabit       206-310-8629    425-868-SOLD(7653)  DanTabit@Northstone.net

One stop Real Estate & Mortgage Services Serving Sammamish, Issaquah, Redmond, Bellevue, Mercer Island and the greater Seattle area.  

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. John Pusa 02/23/2010 08:51 AM
Topic:
Home Buying
Location:
Washington King County
Groups:
Realtors®
Puget Sound - WA Real Estate
Local Expert
Diary of a Realtor
NIGHT OWLS AT ACTIVERAIN
Tags:
home buying
choosing an agent
how to buy a home
steps of the sale

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Anonymous
Anonymous

Dan - Location is one of the important reason people buy a house in a particular area.

John

Feb 14, 2010 04:08 PM #2
Rainmaker
2,572,896
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Dan - Location is one of the important reason people buy a house in a particular area.

John

Feb 14, 2010 04:10 PM #3
Rainmaker
502,177
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Hi John, Thanks for stopping by and for the comment.

Feb 14, 2010 04:15 PM #4
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