Where do you want to live? First, a buyer chooses a location. Near work, family, a certain subdivision or area. And we've all heard the phrase about 'location location location' being so important in the buying decision. Today I toured a very nice, very well priced house in Rockhill Gardens. But is it worth giving up a desireable location for a good price?
That's the question. I don't have a buyer looking in this area, but I do love the Rockhill Gardens subdivision and have sold several homes there. This one is located on Harrison, east of Holmes, where home prices are less than the ones priced west of Holmes. Great curb appeal, right?
This house features a newer eat in kitchen, 3 large bedrooms, 2 full and one half baths, a two car attached garage, new windows throughout and a fenced yard. It's priced at $142,000. If this home was west of Holmes, it would be priced several thousand dollars higher.
Another reason for the lower price is that the back yard faces the parking lot of a closed post office and Troost, a busy street. Yet for that first time buyer who wants a move in ready house for under $150K--this is a great deal..the hesitation would be the location.
If the home fits the buyer's wish list, but the location is questionable, is it really a 'good deal'? Or is it better to find a house with a better location, but perhaps needs work on the inside or is priced higher?
It's a tough call and a lot depends on the buyer's personal feelings. All we as agents can do is advise. Someone bought this house despite the location .... and someone will buy it again. I think price will be the determining factor here. And it's priced right!