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If you have any questions about this privacy statement, the practices of this site, or your dealings with this Web site, you can contact
BUYER'S BROKER INC, a licensed California Real Estate Brokerage
8001 Irvine Center Drive, Suite 400
Irvine, CA 92618
Email BUYER'S BROKER INC
San Luis Obispo County:
Adelaide, Arroyo Grande, Atascadero, Avila Beach, Baywood Park, California Valley, Cambria, Cayucos, Cholame, Creston, Grover Beach, Halcyon, Harmony, Los Osos, Morro Bay, Nipomo, Oceano, Parkfield, Paso Robles, Pismo Beach, Pozo, Ragged Point, San Luis Obispo, San Luis Obispo County, San Miguel, San Simeon, Santa Margarita, Shandon, Shell Beach, Sn Margarita, Templeton
Send an Email to Michael Byrd
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"Location, Location, Location"
A common and phrase in real estate is "Location, location, location". What does this phrase really mean?
"Location" is repeated to emphasize how important the location is to the resale value of a home. A careful choice of location can maximize positive influences on future resale value, and minimize potential negative influences.
A "bad" neighborhood has a drastic impact on the resale value of a home. Almost anything on a home can be repaired, replaced, or remodeled to make it more livable and/or more saleable. But the area around the home cannot be changed by one homeowner. The only way to sell a home in a bad or declining area is to reduce the price and even then it may take a long time to sell.
"Bad" can mean an area where the homes are not maintained properly. It can also mean a street that has become a heavy traffic artery where it is noisy, or dangerous to try to cross the street.
While no one can accurately predict that a neighborhood will remain the same or improve a sharp real estate agent is aware of trends in the area that might affect the neighborhood in the future. This is especially important if you are moving to a new city and unfamiliar with the area.