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The meaning of the phrase "location, location, location", has to do with how identical homes can increase or decrease in value based upon their location, which clearly affects your home's present and future values. This is why Location Is Important when searching for homes and neighborhoods.
To help make a point, lets use the following and simple example: Suppose 2 homes were exactly the same, and "one" was located on a cul-de-sac next to a park, and "two" was located alongside a busy street that was adjacent to a strip mall. Which home would you want? Which home would you be willing to pay more for? For most people, "one" would be the most obvious and desirable home, and location. The difference in value of any two identical homes could be upwards of 10-20%, even in the same neighborhood.
When buying a home, you should expect to pay less to live in a marginal or poor location. Because many homebuyers are always enticed by a home's features, special financing, or seller incentives, they sometimes forget about location. They think they've found a "good deal." When it comes time to sell though, these folks eventually learn why their home hasn't appreciated with the rest of the neighborhood.
As real estate consultants, we assist our clients to help them size-up every prospective property, and coach them to determine the most important things they should be on the lookout for. With the right coaching, our home buyers are much more likely to find a really smart location, and make a great investment!
To help you with this, we've prepared a special article entitled "Location Is Important - Tips For Finding The Perfect Location." This valuable article will help you maximize your home purchase and investment. To get a free copy, just fill out the easy form below. Then, remember to check your email.
The Michael Dagner Group, Brokers Guild Cherry Creek Ltd, 7995 E. Hampden Ave, Ste 100, Denver, CO 80231 Map
5 Minutes From The Denver Tech Center - Near Tamarac Square, 9-Mile Station, & Cherry Creek Reservoir
(303) 514-4000
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