“I want a house just like this … but in better condition and in a better location … at the same price!”

By
Real Estate Agent with Better Homes and Gardens Real Estate Metro Brokers

“I want a house just like this … but in better condition and in a better location … at the same price!”How many times have we in the real estate business heard declarations like that? The client likes the essentials of the house, but they don’t like the area or the amount of repairs that need to be done.

We can always find a house in better condition and in a better location. But there is a price to be paid, because the value of real estate is directly related to these attributes.

There are only two choices for the buyer. Settle for less than you want or increase your price point.

Because the laws of supply and demand still hold true. More people want houses in good areas that are move-in ready, and are willing to pay for it.

And that’s a reality that cannot be overcome by wishing

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Re-Bloggged 2 times:

Re-Blogged By Re-Blogged At
  1. Barbara Martino-Sliva 08/13/2011 09:07 AM
  2. Gabe Sanders 08/15/2011 07:07 AM
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Topic:
Home Buying
Groups:
Club Chaos
Diary of a Realtor
Realtors®
The Lounge at Active Rain
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Tags:
buying a home
buying a house
location
condition

Comments 18 New Comment

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Rainmaker
499,878
Lisa Wetzel
CDPE, SFR carsonvalleyland.com
RE/MAX Realty Affiliates

Richard ... when all else fails ... be reasonable!  That will get them every time!

August 10, 2011 11:04 PM
Rainmaker
153,057
Kari A. Battaglia
Venice FL Realtor - RE/MAX Alliance Group
RE/MAX Alliance Group

I have heard this too many times. Everyone knows that Florida was hit really hard by the real estate decline and for some reason many out of state buyers think they can get homes in Florida at a 50% discount off of list price and consequently will low ball many properties before realizing that is not the best strategy.  I recently had someone from Canada want a 4-5 bedroom home, newer construction, granite in gated community under $100,000.  That just does not exist anywhere that I know of. 

August 10, 2011 11:28 PM
Rainmaker
524,470
Dr. Stacey-Ann Baugh
A doctor who makes house calls.
Century 21 New Millennium

I think people have some unreasonable expectations about what their money can buy.  It's often very disappointing to them when they head out looking for the first time.

August 11, 2011 09:52 AM
Rainmaker
929,189
Gary L. Waters, Broker Owner Waters Realty of Brevard, LLC
Personal Service, always.
Waters Realty of Brevard, LLC

Amazing how it is always the case - more for less! Buying a house is like shopping for steak...can't get burger for filet mignon prices!

August 12, 2011 08:38 AM
Rainmaker
1,683,573
Gabe Sanders
Stuart Florida Real Estate
Martin County Residential Homes, Condos and Land Sales

Richard, you hit this one right in the bulls eye.  I cant recall how often we've heard this.  And, so many just don't understand why the one in the better location, in better shape will cost money!

August 13, 2011 09:17 AM
Anonymous
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Richard Weisser

Richard Weisser Coweta Newnan Homes for Sale
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Additional Information

Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, and has been writing about Georgia Real Estate since 1999.

Coweta Fayette Real Estate offers opinions and helpful information to consumers and real estate professionals in the Coweta County Georgia area.

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