I saw a home listed for sale earlier this week that, in the agent only remarks, said “this really is a beautiful house…."
As beauty is in the eye of the beholder, in this case the seller and listing agent, I will concede it very likely is a nice house.
This particular property may be suffering from a condition called over improvement. It may indeed be the largest home in the neighborhood. It may the one that was completely overhauled a couple of years ago while the others are twenty-thirty years old and in original condition.
There are a lot of considerations when pricing a home to sell. Likewise, there are lots of considerations when considering which home to purchase.
One of the common considerations, whether buyer or seller, is the neighborhood.
The first thing a seller must sell is the neighborhood. The first thing a buyer must buy is the neighborhood.
Because, although it is said too frequently, real estate is location,location, location – period.