Tips, tactics and strategies to sell your own house!
"House for sale secrets revealed" ebook shows how you can get the best home selling price for your property.Tuesday, June 24, 2008
Price, Condition and Location of Your House
Price, Condition and Location: the 3 key factors that determine whether or not a home sells.
Of the three, location is perhaps the least important because of one often overlooked point, which is - Location cannot be changed by anyone in the negotiation process.
Just think about that for a moment. Location cannot be changed by anyone in the negotiation process. So, unless you can put your house on wheels, it will stay where it is, meaning you (and your potential buyer) must accept the location as a fixed negotiating point.
Now, there are possibly a few exceptions. For example, it is not uncommon to move a house on the back of a truck from one location to another. In fact, I once watched as a multi-level hotel was lifted and moved on rails from one side of a busy city street to the other. It wasn't a small building, so I couldn't believe what I was seeing!
Also, without physically moving a property, it is possible in some circumstances to have a property rezoned by the local authorities. It does depend on your laws relating to where you live, however I have seen properties triple in value when they were rezoned from 'rural' to 'commercial'.
But, as I say, the laws are different from country to country. Anyway, unless you can alter the location or status of the location, you must generally accept the location as being fixed.
Which brings us to the other two points -price and condition. Both price and condition are variables that you can control. That's why I rate them above location in the negotiating process. In my next blog entry I will look at these two variables. You can control those!
Of the three, location is perhaps the least important because of one often overlooked point, which is - Location cannot be changed by anyone in the negotiation process.
Just think about that for a moment. Location cannot be changed by anyone in the negotiation process. So, unless you can put your house on wheels, it will stay where it is, meaning you (and your potential buyer) must accept the location as a fixed negotiating point.
Now, there are possibly a few exceptions. For example, it is not uncommon to move a house on the back of a truck from one location to another. In fact, I once watched as a multi-level hotel was lifted and moved on rails from one side of a busy city street to the other. It wasn't a small building, so I couldn't believe what I was seeing!
Also, without physically moving a property, it is possible in some circumstances to have a property rezoned by the local authorities. It does depend on your laws relating to where you live, however I have seen properties triple in value when they were rezoned from 'rural' to 'commercial'.
But, as I say, the laws are different from country to country. Anyway, unless you can alter the location or status of the location, you must generally accept the location as being fixed.
Which brings us to the other two points -price and condition. Both price and condition are variables that you can control. That's why I rate them above location in the negotiating process. In my next blog entry I will look at these two variables. You can control those!
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