An Exclusive Buyers Agent Knows the Truth
This house looks great from the pictures. A buyer’s agent digs deeper for the truth.
Look at the location.
Next to an office building, across the street from a McDonald’s, on a very busy road.
Some thoughts on location versus value from industry experts…
“Homes on a busy road are almost always priced below similar properties. On average, real estate appraiser Wayne Wallace says he deducts 10 to 12 percent for a property on a main thoroughfare.”
L. Barnhardt Cech, The Washington Post
“Pricing (though important with all homes) is extremely important with homes that are on busy streets. The home has to present a great value to the buyer who most times would rather be buying a home that is on a less busy street. Usually the difference in pricing is someplace between 6% and 16% depending on what type of traffic is traveling on your busy street and at what times.”
“Even for buyers and owners who don’t have school-age children, good schools can ensure consistent demand for properties — and strong prices. Taxes are also a big factor when talking about schools and home prices because in many states property taxes fund education.”
E. Peck, Wall Street Journal
The interior photos make this house look great. Why isn’t there an exterior shot?
What they don’t show you
“Most agents who show you homes don’t represent your interests. They work for the seller, and their object is to sell the house for the highest possible price.”