You've heard the old saying - "Location, location, location."
The real truth is "Location, condition, and price." And price trumps every other factor.
Location affects the value of a home, but it's price that sells a home.
Oceanfront, mountainside, or penthouse, the most desirable location in the world won't sell at the wrong price.
Every property has a potential buyer, but like rock, paper, scissors, it's sometimes hard to know which factor is going to win the showdown.
A good location will sell at a fair price. A bad location will sell at a
fair price, too. It just won't be as a high as it would be for a good
location.
A home in good condition will sell for a fair price. A
home in poor condition will also sell at a fair price. Again, it won't
be as high as a comparable home in better condition.
But neither location or condition will sell any house. Only one thing does that - price.
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