Cliches also exist in the real estate world and knowing all these may give buyers and agents a top notch higher in getting that best deal. Domain shares three real estate cliches that buyers and home hunters must know.
1. Location
It has always been included as the top priority for real estate agents. The best location is the winner among buyers. Location is one key to increase the investment value of a home and this dictates less emphasis on the built home itself. Where is the house located? What are the nearest vicinities near it?
"This is the notion that the number one selling point for any property is its location- not the house itself, but the value in the location it sits on," according to Street Directory. Now, as much as this is the most nauseatingly repeated slogan in the business, much of it stands strong and true. If a market plummets, better locations will never suffer as hard of a hit as other less desirable areas."
2. Worst House, Best Street
This is quite similar to location but if you can't spot the best house on that primer street, the worst house may be the next best thing. Again, it is a bonus if the house is in great tip-top shape but if you're not getting the best house on that location.There is no need to fret hence the value of that lot in the area will make most of that.
"Opting for a house that needs renovating, on a great street, can be a good method that allows you to have the benefits of the location now and a chance to update the home later,"
"However, you have to ensure that you're not buying it for a premium and you can use the home's languishing condition to butt out the competition and negotiate on the price with the vendor. Enter the transaction with your eyes wide open and a thorough building and pest inspection, so you know you're not biting off more than you can chew." advised the article in Domain.
3. Million-dollar Views
The saying might not be true after all that "a breathtaking view is priceless" hence if a certain home grasps a great view of a famous spot or location in real estate then this may mean an increase of value in a home. How about a home that opens up to a breathtaking sight of Pisa or the Eiffel tower or bridges of San Francisco and the great Statue of Liberty? This, according to the outlet helps to level up the value and interest of a buyer.
"Point-blank views of the harbour bridge and Walsh Bay were the main attraction for a 30 square metre studio sold in 2015 for $700,000 - one of the priciest local homes when looking at price per square metre,"
"Clearly, some buyers are willing to part with a lot of money for the best outlook," added the publication.
