Location Location Location

By
Real Estate Agent with RE/MAXPrestige

They say that these are the three most important words in Real Estate. I spent last week in New York City on spring break with my family and realized how this is true.

There was an article on the local news on how much you could get for $3,000 rent per month, in Texas the answer is a lot of house. In New York on Manhattan it is a 1 bed 800 square foot apartment.

We decided to get breakfast one morning close to our hotel on Times Square, where else could you be charged $7 for a side of bacon on top of the $15 for a couple of pancakes?

Then, look at the apartment buildings that line central park just to be close to the park can cost millions of dollars but if I lived in New York City that is exactly where I would want to be.

i always tell my clients that there are only 2 things that you have control over and that is the condition of your home and the price, unfortunately you cannot change the location so buy wisely.

I have sold 2 homes in an active adult community both of which back up to a road. This was a plus for the seller as other homes had neighbors right behind them. They even paid a premium to the builder for these lots. Unfortunately, when it came to sell the buyers did not agree and time and time again the feedback mentioned the road. I have another listing in the same location and out of 3 showings 2 mentioned the road.

So, remember as you buy or when you sell you cannot change it but location is important.

 

Posted by

Sue Riley Realtor, GRI

Prudential Texas Properties

Serving Collin and Grayson Counties and surrounding area.

Offering great customer service for all of your real estate needs

Comments (3)

Karen Otto
Home Star Staging - Plano, TX
Plano Home Staging, Dallas Home Staging, www.homes

Considering my son is looking at potentially heading to NYU in the fall I hear ya on the prices in NYC!!! Crazy!

You make really good points here Sue

Mar 23, 2009 12:31 PM
Kim Dean
www.GoSimplyTexas.com - McKinney, TX
Simply Texas Real Estate - Broker/Owner

Sue - I loved visiting New York City! I was blown away with real estate prices - it made me appreciate what we have here in McKinney!

Mar 23, 2009 01:31 PM
Sue Riley
RE/MAXPrestige - Van Alstyne, TX
GRI

Karen, Thank you for your comment. I hope that your son gets to go to NYU I am sure that it would be a fabulous experience even though it is very expensive!

Kim, Good to hear from you, we are definitely blessed here in North Texas as far as the real estate market is concerned. I hope that you and Laura are doing well

Mar 24, 2009 02:05 AM