LOCATION - the three important facts in real estate.
Beyond that it depends on the goal of the buyer.
Affordability is essential.
Some may value and/or require single floor living.
Others find providing housing for a pit bull more important than good schools for the kids.
Some avoid water while others embrace the same.
Some need to move in with minimal out of pocket while others want minimal month-to-month expenses.
Some want to store their wealth in the real estate the purchase. Appreciation is most important.
What is most important? Only the buyers know's for sure.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor FL
Move to the Front of the Line
To provide an overall brief response, I recommend to any Buyer, such as yourself, that we totally prepare and plan for the purchase and attempt to keep emotions and stress to a minimum.
Clarifying this: It is important that you have a good idea of what you want (location, size, condition, etc.) and how much you can comfortably afford (loan, payments, etc.). Don't get overly emotional or frustrated with the timing it may take to find the home of your choosing or how many attempts (purchase offers) it may take to get an accepted contract. The more a Buyer stresses or gets overanxious may cause them to make hasty decisions (such as overpaying or making too many compromises).
If you would like further discussion or assistance, please contact me.
World Premier Realty
Take Walnut Creek for example, many buyers will just say they want a home that has everything they need as long as it is in Walnut Creek School District or "it has to be in the Northgate school area". Another buyer wants a home in Walnut Creek but it has to be within 5 minutes drive to BART at 7 in the morning. Very different requirements but both relate to location in the same area.
The reason locatio is so important is that it is the one thing that you can definitely never change about a home once you have bought it.
J Rockcliff Realtors
I've come to understand that many buyers that are actively searching for a home really don't have a clear appreciation for what they really want. It's common for the husband and wife to not be on the same page with their expectations. As one would expect this little snag can create huge problems that lead to a delay in the process.
When given the opportunity, I always advise my buyers to invest some time creating lists of features they must have in their new home and another that identifies those features that are unacceptable. This process puts them in a position of being faced with thinking about, discussing, and clarifying their priorities.
So when buying a home, the customer's left hand should know what the right one is doing.
Why are you purchasing a home? Is it for the school district, location, size, etc.? Everyone has different priorities in why they choose a home. These are the reasons that we as professionals get to know our client's needs to help them determine where to buy and why.
Please align yourself with a local realtor and let them guide you through the answer to your question based on your particular needs.
Once you know your budget range, type of loan and cash outlay, and once you determine how much you're willing to spend (after all, you don't want to be real estate rich but cash poor with no money to do anything else), then set your sights on areas where you want to live, where you can afford to buy.
If you haven't already done so, engage a realtor to help you. Your realtor can also refer you to loan officer/mortgage broker who can preapprove you for a loan.
How may I help?
Yes, it is important to make a smart decision as far as what you pay for it, condition, location, future resale etc. But if you put those things first and wind up buying a home to live in just because you think it's a "good deal" but it doesn't suit the needs of you and your family then it's not really a good deal. The home you live in should be looked at as a place to live first and an investment secondly. not the other way around. Now a rental/income home is a very different story. That should be analyzed almost purely from a smart numbers point of view.
Good luck and happy house hunting!