Location,
Location, Location
Locations above or below average should be compensated by price.
Use sold data to determine if an appropriate price adjustment was
made when the property was listed.
Condition
Same as location. Sellers will often make obvious repairs if asked
for within the offer to buy or condition can be sited as reason for
lower price offer. The inspection provision will protect you from
latent defects. Consult your Realtor to strategize the purchase offer
relative to concerns about the property's condition.
Style
Different styles command different prices per square foot. Some have
greater overall demand than others or appeal to different types of
buyers. Some styles are more expensive to build than others or require
larger land resources thereby discouraging developers. These supply
and demand factors have significant impact on prices.
Utility
Beware of Functional Obsolescence. A home which lacks in characteristics
which are basic or widely expected, i.e. a 4 bedroom home with only
1 bath, should be priced lower by at least the cost of adding (a bathroom)
without diminishing the utility of the rest of the living space. Other
such elements are garages, basements, dining rooms, yards, etc.. These
factors are much more significant in the mid-to-upper price range
homes.
After your initial interview, we will have a fairly complete idea
of your wants, needs, price range and location and will enter your
requirements in the Multiple Listing (MLS) computer. From the thousands
of listings in it's inventory the computer will print a complete list
of homes tailored just for you.
We will make arrangements to show you those that seem the most suitable
(i.e., condition, terms, etc.). As you approach these homes notice
the condition of the roof, foundation, paint and landscaping. Observe
the neighborhood - the condition of the other homes.
Is the home on a busy street? Is there suitable parking? Are the
schools close by? As you walk through the homes, feel free to open
cabinets and closets if you wish. Most often the Seller(s) will be
absent, but should they be present, they will understand your need
to examine the home carefully.
If the home appeals to you, make notes. It is easy to forget details.
Often there will be a brochure available for you to take along to
help you recall the home as you review your tour. A list of MLS abbreviations,
explaining the inclusions can be found in this package. If the appliances
are to be included, check their condition.
Don't be surprised if the first home you see is the perfect one for
you, and don't be discouraged if none of those you visit the first
day are what you want. We are committed to finding the one that you
will want to call "Home", and we will work diligently until you find
it!