Just in cased you missed this blog it is well done and well written. If you are a broker, manager or team leader you might want to share this with the balance of your team!
Homes, like everything else in life, are an ever-changing commodity. Little more than a century ago most had no central heat, no electricity, no plumbing—none of the things we consider necessities today. And only a few decades ago homes were dramatically smaller with an emphasis on function rather than form.
In the last few years, however, homes exploded in both size and features. Everyone wanted their own separate bath, media centers and the latest technology. Kitchens became enclaves for both cooking and entertainment with appliances that rivaled those in the finest restaurants. Easy credit helped to fund our desires so we might not only have more than our parents, but have more than any generation before.
Much of that trend has collapsed. Many of today’s buyers are seeking the great deal first. Sure they may be downsizing, upgrading or looking for a home that is green or sustainable; but the home must be a “steal.” Buyers in most areas realize they have an advantage, that the glut of home inventory has many sellers eager to negotiate.
Many times, today’s low prices leave room for modifications; and purchasers may be able to modify a home to make it match both their dreams and their price. But buyers must remember that they’ll one day want to sell that home. Future buyers will be most attracted to those homes that are in the best locations and which offer attractive designs combined with reasonable maintenance and operating costs.
The great deal is important, but it’s only one of several considerations.
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