Price,Location ,Condition Is What Sells a Home. . not Location X3

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Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO
Selling Homes. .. (The Logical Way)
 
If you know about real estate, you've most likely heard the term already
"Location, Location, Location"
 
This is a little too disingenuous for some people and it distracts them from the actual true 
In reality, location is only one factor.. 
Condition and price are just as important.
The actual order of these three are in my opinion as follows.. .
 
"Price, Location, Condition"
 
Location may indirectly affect the price of your home but the price always affects directly the selling of any house.
as condition remain a distant objective that can be solved when time passes and more money is invested.

You may have the best location, a penthouse in the middle of Washington DC overlooking the Washington Monument .. 
The wrong price trumps and stales  this property no matter how superbly is located.
You may have a rowhouse in Baltimore around  bad neighborhoods...and crime all around 
The right price will sell it every time! (no matter the location) 
Price moves houses
Price determines the market 
The buyers  acceptance of price determines the actual value of your home

PRICE- LOCATION -CONDITION

 If you are seller. .you should write this down

 
A home inside a bad location will  sell if the price is right 
A home in bad condition will sell if the price is right

A home with the wrong price
 will not sell until its corrected!
PRICE is what sells a house! 
not LOCATION..nor CONDITION
Life goes on and listings sit unsold, 
Many blame their agents .. but the blame should be is mostly on the seller's side 
 
There is no hope when you are selling a house for several thousands of dollars. .
Is a major purchase and  buyers will not overlook a seller's greed when they are obviously 
overpriced...They know you are overpriced and their rejection is very clear
 
Not your agent
Not your flyer 
Not the marketing. .
Not your sign
 
it's the price...as simple as it sounds
 
Buyers will overlook burgundy tile and flower wallpaper in the bathroom
Buyers will overlook 70's wood paneling in your basement
Buyers will overlook the water stain on the ceiling under the top floor bathroom. .
But. . I can assure. .
Buyers will not overlook when you overprice your home!
Your home will become stale. .
with  no showings anymore
You see. .
 
Don't put blame on the number of open houses. .or the lack of
Don't put blame on an agent that was just trying to please you.
Is not about how much $$$ you need to net. .
or 
How much money you need to  retire to Florida. .
 
It's about the price.
nothing else. .


To find more helpful information about selling your home, read my eBook
 

Price,Location ,Condition -- NOT Location, Location. Location . .What Sells A Home

 
 
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Ambassador
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Bill & Cyndi Daves
Hiawassee, Young Harris, Blairsville, Hayesville, Murphy and Beyond! - Hiawassee, GA
TeamDAVES - Your REALTORS In the GA/NC Mountains!

Fernando - Perfectly said!   Price will trump location and condition every time!  All agents should share this with their sellers!  "Suggested too!"

Jan 23, 2014 09:20 PM #1
Rainmaker
5,042,464
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Fernando....what a wonderfully written post.... yes, it's all about price....no matter what the property may be, it's the price that will sell it... there's an _ $$ for every toilet at the right price....suggested

Jan 23, 2014 09:31 PM #2
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Fernando Herboso - Broker for Maxus Realty Group
Maxus Realty Group - Broker 301-246-0001 - Gaithersburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Thank you for coming and thank you for the laugh Barbara. . we have so much in common!. .even with our choice of NFL teams. .Patriots for you and Saints for me. .they wil be watching the superbowl on TV like us.

Jan 23, 2014 09:44 PM #3
Rainmaker
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Tg Glazer - The Right Realtor® for the Right Results!
Coldwell Banker, Westfield, NJ - Cranford, NJ
Westfield/Cranford, NJ area

It ain't rocket science.  'Nuf said.  

Jan 24, 2014 12:09 PM #4
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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