How important is location, really?

By
Real Estate Broker/Owner with California 55 Plus 01845716

 

If you are in the market for buying or selling a property, chances are you have heard someone say ”location, location, location” at least once. It is also known that the three most important factors in buying a home is location, location, location. And is location that important? In a word - YES. Especially when you are 55 and over!

This is an age old mantra used by real estate agents around the world to stress the importance of how important a location is while buying or selling a property. It is considered to be the number one rule in real estate but still not one that many people value. The phrase repeats the word location three times in order to remind anyone who is prone to overlook the importance of it. You can buy the best, most spacious home, at a great price but if the location of it is not desirable, you are most probably worse off compared to a smaller house in a better location. You can invest and remodel your home all you want, but you cannot relocate it. 

You can buy the best, most spacious home, at a great price but if the location of it is not desirable, you are most probably worse off compared to a smaller house in a better location. You can invest and remodel your home all you want, but you cannot relocate it.

A property that provides a panoramic view of the city skyline or one that provides an ocean view will sell for top dollar. Homes with mountain views and greenbelts are also desirable and thus priced higher. But when you are seeking a retirement community, even more details are necessary for seeking a home in a 55 plus community! For a better list of pros and cons, you can always visit this site for more information  .

For more information on how to get the most for your dollar in regards to purchasing a home, or how to find the RIGHT home for you or your loved one in a 55 plus community, contact an experienced real estate professional that can show you the different neighborhoods and a location that best suits your needs.

Comments (11)

Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Welcome to activeran. Good luck in achieving your goals on active rain. 

Jul 05, 2017 11:46 AM
Randy Thompson
California 55 Plus - Murrieta, CA
Real estate, escrow, lending services for CA

Thanks so much Gita! 

Jul 05, 2017 11:59 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello and Welcome to the rain where we all learn from each other nad help each other.

 

Jul 05, 2017 12:33 PM
Randy Thompson
California 55 Plus - Murrieta, CA
Real estate, escrow, lending services for CA

Thanks Will! Looking forward to it!

Jul 05, 2017 12:51 PM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It really depends on the business or the people as to how important location is.

Jul 05, 2017 04:29 PM
Randy Thompson

Very much, but thats what makes it so important!

Jul 07, 2017 10:36 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Randy Thompson there's a "butt" for every toilet, and everything sells....however, the best locations sell first and for the most money!!!

Jul 06, 2017 04:52 AM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

and welcome to ActiveRain...it's a great place to learn, share, market and network....and I hope you enjoy it and benefit from all of it....

Jul 06, 2017 04:55 AM
Gordon Crawford
Gordon Crawford Home Selling Team - Morristown, NJ
Your Morris County Specialist!

Welcome Randy!  Lots of good information here to learn from.  Location is always a critical element of real estate and probably one of the most important but there are lots of other factors that come into play.

Jul 06, 2017 05:15 AM
Randy Thompson

Agreed! So many!! But many items in the home can be changed, location can not 

Jul 07, 2017 10:37 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Thanks for sharing.

Welcome to the Rain! Congratulations on your first blog post! 

Jul 06, 2017 10:43 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Location can make a difference Randy,

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
All the best of success to you.
Bob

Jul 12, 2017 04:27 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Randy welcome to ActiveRain and congratulations on posting your first blog on this site.

Jul 15, 2017 03:00 PM