LOCATION, LOCATION, LOCATION, REALLY?

Location, Location, Location, Really???

When it comes to buying real estate, we’ve probably all heard the saying , “Location, Location, Location”, but it is really ALL about location?  Sure, it’s probably the most important final and deciding factor when looking at purchasing real estate, but there are two others I feel are equally or very close in importance.  When looking for a home, think “Price, Location, Floorplan”!

Before you can establish where you want to live, you have to establish what you feel comfortable paying for a home without being overextended.  Sure, I would love to own a private island such as Necker Island, a beautifully lush and tropic 72 acre island located in the British Virgin Islands and owned by Richard Branson of Virgin, ahhhhh… I digress…BUT, could I afford it??  Well, not yet, anyway!

 So, first comes PRICE.  Are you paying cash or financing?  If financing, have you talked with a lender to find out exactly what you are comfortable with and are able to buy?  You definitely want to make sure you are spending your time and your agent’s time wisely looking at homes in your price range.  And in Arizona, when putting in an offer, an LSR (a Loan Status Report tells the seller where you are in the financing process and what terms you are wanting for your loan) must be given at the time of submission so it’s a great idea to get this done first!

 Once you have established your buying power (price), then it’s off to look for that LOCATION that meets your needs.  Do you want to live near a golf course, on a mountainside, near downtown or have mountain views?  Is shopping or specific schools important to you?  Do you want to be close to the city or in the outskirts so you can see the stars shine brightly at night?

And lastly, assuming we are talking about residential living, then, it’s all about the FLOORPLAN.  Does the floorplan work for YOU?  How many bedrooms and bathrooms do you need?  Do you want to have a formal living and dining room or do you prefer the great room concept?  Would you like a one story or are two story and tri-level homes options?  Do you want all the bedrooms on one side of the home or would you prefer a split floorplan?

If you have found the right floorplan at the right price in the right location, don’t get hung up on what could be the small stuff.  Things such as paint, carpet, countertops, a few holes in the walls, etc. are all cosmetic items and if you get the house for the right price, you can easily have the cosmetic items changed.

So in the future, heed my words, “Price, Location, Floorplan”! Now, let’s go out and find you that perfect property!

When I buy a cookie at the local bakery, I like to pick out the cookie “I” want.  That’s the way I am with my clients.  My job is to find you your special cookie, to find that home that is going to meet your needs.  Call Jamie at 480-451-1400 or email Jamie@TickledPinkHomes.com and let