Friday, February 1, 2008
Buying a New Home? Consider Its Future Resell Value NOW!
Guest Contribution from Darleen McCullen, Broker
Keller Williams Realty - Raleigh, North Carolina
Phone: 919.454.8864 / firstname.lastname@example.org
I was out for my morning walk earlier this week, and for the first time really "looked" at a set of new town homes near my residence. They're nice homes, but they back up to a busy street!
I thought to myself:
What were these people thinking when they purchased these town homes??
"Were they so anxious to live the American Dream that they weren't thinking about the location of the home?"
"Did the Builder give them incentives to purchase these homes that they didn't carefully consider the location - and the noise they'd hear inside the home at various times of the day?
DID THEY HAVE A REALTOR® to advise them?
WHAT COULD IT BE THAT WOULD CAUSE SOMEONE TO MAKE SUCH A POOR DECISION WHEN PURCHASING THEIR HOME?
When I am working with Buyers, especially first-time home buyers, I always advise... "Buy with the end in mind."
Buyers sometimes purchase what they consider to be the "perfect" home for them - without considering that they may wish to resell it in the future. The next buyer may not appreciate the fact that the home backs up to a busy street.
If trying to resell such a property, it may be necessary to cut the price to get rid of it. Home sellers, of course, want to protect their equity. So buying right in the first place will certainly help!
Yes, I believe there will eventually be a buyer for every property. But the question is "At what price will the buyer come?"