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Buying a New Home? Consider Its Future Resell Value NOW!

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Real Estate Agent

Town HomeWritten by:
Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864
Email: darleen@darleenmc.com  

I was out for my morning walk earlier this week, and for the first time really "looked" at a set of new town homes near my residence. They're nice homes, but they back up to a busy street!

I thought to myself:

  • What were these people thinking when they purchased these town homes??
  • "Were they so anxious to just to live the American Dream that they weren't thinking about the location of the home?"
  • "Did the Builder give them incentives to purchase these homes that they didn't carefully consider the location - and the noise they'd hear inside the home at various times of the day?
  • Did they have a REALTOR® to advise them?

WHAT COULD IT BE THAT WOULD CAUSE SOMEONE TO MAKE SUCH A POOR DECISION WHEN PURCHASING THEIR HOME?

As a real estate agent, when I am working with Buyers, especially first-time home buyers, I always advise them to "Buy with the end in mind."

Buyers sometimes purchase what they consider the "perfect" home for them - without considering that they may wish to resell it in the future. The next buyer may not appreciate the fact that the home backs up to a busy street.

Gingerbread HouseIf trying to resell such a property, it may be necessary to cut the price to get rid of it. Home sellers, of course, want to protect their equity. So buying right in the first place will certainly help!

Yes, I believe there will eventually be a buyer for every property. But the question is "At what price will the buyer come?"

Need a meticulous real estate agent who will help you buy right? Call me.

 

Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864

Email:
darleen@darleenmc.com
Website: http://www.darleenmc.com/

Photos courtesy of RealEstateClipArt.com

Disclaimer: Opinions expressed by those who are part of the ActiveRain community, including those providing comments relating to this blog, are their opinions and their alone - and do NOT reflect the opinions of Darleen McCullen and Keller Williams RealtyDarleen McCullen and Keller Williams Realty are not responsible for the accuracy (or lack thereof) or content provided by others.

Comments(7)

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Linda Futral
Newnan, GA
Darleen I love this.  You are so on point with this post and what a way to look after your clients interest.
Jan 20, 2008 03:26 AM
Darleen McCullen
Raleigh, NC
Broker - Raleigh, NC Real Estate
Linda ~ Hi. Thanks for stopping by and for the compliment. I feel really sorry for unsuspecting buyers who more than likely will have trouble selling later.
Jan 20, 2008 03:31 AM
Darleen McCullen
Raleigh, NC
Broker - Raleigh, NC Real Estate
Cynthia ~ Hi. So true! I made so many mistakes as a first-time home buyer, including what I wrote about here. The home sold for much less than it could have - all because it backed up to street.
Jan 20, 2008 05:19 AM
Gary Johnson
Keller Williams Realty - North Raleigh - Raleigh, NC
Great Advice Darleen!  Thanks for inviting me.
Jan 20, 2008 01:23 PM
Darleen McCullen
Raleigh, NC
Broker - Raleigh, NC Real Estate
Gary ~ Hi. Glad you joined ActiveRain! You're going to love it here...
Jan 21, 2008 06:22 AM
Catherine Sinocruz
Coldwell Banker Select Real Estate - Reno, NV
Broker-Salesperson, ABR, GRI, CRS

Hi Darleen,

You brought up a good point "resale value".  This is something that I always advice my buyers.  Good job!

Catherine

Jan 25, 2008 03:44 AM
Darleen McCullen
Raleigh, NC
Broker - Raleigh, NC Real Estate
Catherine ~ It's a message that Buyers can't hear too often. Buying a home is more than the here and now.
Jan 25, 2008 08:29 AM