Location, Location , Location .... But Why?

By
Real Estate Agent with Keller Williams 112239

Ever wonder why this saying is kept around. Well, when they say this they are really talking about why Real Estate can be worth so much more in Beverly Hills CA versus Oklahoma City, OK. Image if you have the same house in both locations, which one is going for more?

HomesforsaleBellinghamWASo what are you really buying? You got it – THE LAND!! Because you can pretty much demolish and put anything up anywhere – zoning permitted- it just comes down to the land value. Think about it – no 2 parcels of land are the same. In this perspective, land has the quality of being unique. That means every single piece of land in Bellingham WA has a unique set of characteristics. That really goes for any piece of land. That is why you can get a better house in a less desirable location. However watch out for super adequacy. Ever seen a mansion in the sticks? More than likely not but it happens, and it brings down the value of the house. Land with a view or on some sort of water usually fairs best.

Everything Residential Real Estate!!
Real Estate Agent / Lic #11239 (www.HomesForSaleWhatcom.com)
Home Inspector / Lic #1126       (www.ASPMWA.com)
General Contractor / Lic #603 190 464  (www.ASPMWA.com)
Licensed, Bonded, and Insured

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Industry
Tags:
bellingham wa real estate
bellingham wa homes for sale

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,721,102
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Now, magine the same two houses in 2006 and in 2011. the location has not changed, so why are the prices have changed so dramatically? maybe there is something more than just location, location, location?

Jan 05, 2015 10:18 AM #1
Rainer
79,943
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

homes can be changed, land rarely changes. And sometimes it's not just the irt, but the connections the dirt makes with other things, retai, roads, neighborhoods, dumps, etc.

Jan 05, 2015 11:13 AM #2
Anonymous
Derek Worchel

This is ceretis parings to avoid a thesis dissertation.

Jan 05, 2015 11:59 AM #3
Anonymous
Derek Worchel

Cereitis paribus- auto correct

Jan 05, 2015 12:00 PM #4
Ambassador
1,721,102
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

 I believe you meant "Ceteris paribus"?

Jan 05, 2015 01:02 PM #5
Anonymous
Derek Worchel

I can tell Johnny has a hard time getting the jist of things- must be rough

Jan 05, 2015 01:31 PM #6
Ambassador
1,721,102
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Derek - is there a reason that your photo shows on blogs but not on comments? Just curious whether there is an easy fix...

Jan 06, 2015 10:06 AM #7
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
12,660

Derek Worchel

Ask me a question
*
*
*
*
Spam prevention