We were incredibly fortunate to be able to spend a week on Maui. Talk about LOCATION! I suppose if you lived or worked on Maui there would be places that are more desirable than others. Certainly ocean front would be a contender. Although we were flying there at the same time "the tsunami that wasn't" was churning up 2 foot waves. In case of a real tsunami, I would guess that ocean front wouldn't be nearly as desirable as mountain high. However, no matter how undesirable the Maui location may seem to a local, it is still MAUI!
Fast forward to a week later. It's Indiana and location is entirely different. Everything in life must be taken in context and real estate location is no different. I see lots and houses and commerecial or retail property every day that sells at a premium or a discount due to just one thing...location.
My advice to consumers and agents alike is to know YOUR location. Know your neighborhoods, your "farms", your marketplaces, your market. If you are an agent you will be in an optimal position to serve your clients well. If you are a consumer you will save or make many thousands of dollars more than a less educated consumer would.
I know it's an old joke, a cliche. But it often does come down to location, location, location. Maui or Indiana. Sometimes the more things are different, the more they are the same.
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