The Power of 3
What’s the most asked question that I receive from people about real estate? What’s the #1 tip that I could pass along?
Well there’s actually 3 things that are enmeshed together – location, price and condition. All 3 actually make your home either sell or be rejected by prospective buyers.So a real estate mantra in case you don't know it:
Location, location, location!
There's that 3 again but there is a reason that it is used over and over. Nobody listens!
The location of your home makes a 'price' difference to buyers from the town that it's in, the street that it's on and the school district the kids will be attending.
Obviously different towns have different socio-economic benefits for living there. Maybe you need the train to go to work? Maybe you've grown up in the city and want your kids to run around and play soccer in the best park district - all these reasons encompass location.
So this portion of the series really will ask you to take a step back and look at your home with a critical buyers eye. Do you have a good location?
Is it safe? Is it quiet? Is it in the middle of the subdivision across from a park? Walking distance to schools? Close to expressway access or public transportation? Golf Course view? Wooded view?
After answering these questions if you find yourself saying:
That's a location issue that effects your price. If you take 2 similar homes and put them side by side as a buyer will do, which home would you choose? Come on, be honest?
Each location issue will pose a difference in the price. Buyers will either except or reject your location based on your price just like they would consider other features like a basement or number of bedrooms.
Be sure your home is set at a competitive price based on your location. Remember the ‘Power of 3’.
Lyn Sims (847)230-7324 RE/MAX Suburban
Power
of 3 - Price
Power
of 3 - Condition
I proudly serve and sell real estate in the Northwest Suburbs of Chicago. If you are thinking about purchasing or selling your home in the communities of Schaumburg, Hoffman Estates, Elk Grove Village, Roselle, Palatine, Medinah, Itasca, Bloomingdale, Carol Stream, Bartlett, Hanover Park, Streamwood, Elgin, South Elgin, St. Charles and more importantly, want to work with a local area expert, contact me immediately.
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© 2010 Lyn Sims
