Some Of The Other Location Factors That Could Affect Resale You need REALTORS® that can discuss location items to consider. My Team has 34 years experience in Woodbridge, Dumfries, Manassas, Bristow, Gainesville, Haymarket Prince William County ”Experience Isn’t Expensive – It’s PRICELESS”
We've all seen homes listed for sale that stay on the market for what seems to be an eternity. Although it is not the only reason, there is no question that location is the primary cause in many instances.
For example, I took the photo at the right from my car sitting on the shoulder of a major four lane highway. It is relatively new, huge and in lovely condition. It also comes with
The photo at the left was taken sitting at a traffic light on a 4 lane parkway overpass. The home was designed to fit on a narrow pie shaped lot alongside the entry ramp to the parkway. As you can see, it is also a fairly new home - it was built after the ramp to the parkway was built. It took an inordinate amount of time to sell when it was built and I believe it will if the owner decides to resell it.
These and other reasons may not be of concern to you now but you need to consider how they may affect you when you decide to sell. They could impact
If you plan to buy or sell a Lake Ridge, Woodbridge or other Prince William County home or property contact Karen and Art by Email or call us at 703-690-6569. Put our record of customer service, real estate experience and state-of-the-art technology to work for you in Alexandria, Arlington County, Fairfax County, Prince William County, Stafford County or the entire Northern Virginia Area.
I've had listings close to railroad tracks, high tension wires, traffic - and it's a real bugaboo. But proper pricing seems to make the medicine go down!
Great post! You can have a beautiful home that is well maintained but if it is in a bad location you won't get market value of a home similar in a better location.
Good point. I priced a listing the other day and watched every conceivable "location" and lot obstacle/ challenge impact dollar by dollar bill the net proceeds to the seller.
Karen,
So very true. I suggest in this current market, buyers should AVOID all of those locational items you are talking about. When it's a buyers market, there is no reason to buy a home with those issues.
One of my main responsibilities as a buyer's agent is to help them sort out the best homes for future resale!!!!
All the best, Michelle
It's always location, location, location. Some agents think the right price will cure bad location but when it's time to sell, it is harder to sell homes on a bad location.
It always amazes me when I drive down the internet and see big expensive homes with views of the highway. If I was going to spend that much on a home, I would want one that was more private.
Hello Karen, I always go over these issues with my clients when looking at homes...they usually see the value in not limiting their market when it comes time to sell...then again some don't listen and you know what happens.
Karen, I have seen the exact same situation here in Austin where a builder will take the last corner,sliver,in-fill piece of property in a great neighborhood and overbuild it thinking the "AREA" is great but even so the location was awful. Great post!
Karen--great post. I certainly agree that location is paramount and pricing is key. As Margaret said before me "Proper pricing seems to make the medicine go down" when there are some issues with location, however with the amount of inventory available in this market, there are so many options, that buyers will continue to search for both a workable location and a appealing price--and chances are they will find it.
Karen over the years I have found that most people make location mistakes more than anything else. They don' realize certain neighborhoods carry more cache or that one area of town is better than another. This is what a good buyer's agent is for!
Margaret It's usually a big hit
Laura Very true
Cheryl It does happen
Patricia - you are welcome
Michelle My sentiments exactly
Rosalinda I agree
Doug Thank you
Pam They are all over the place
Nick You can only try - it's their money
Russell Builders aren't the only ones, but they are guilty
Noreen You are right - in this market they bypass poor location
Bill You know that is my sentiment exactly
Karen, what are the three most important words in real estate? Your post is right on. Congratulations on the feature.
Most excellent quick intro post to a very good subject matter. There is lots to consider and not everything that shines is gold either.....thank you......karen...well done
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