All of us have heard that the three most important factors in real estate are “location, location, and location.” Do you agree? We don’t. Well, not exactly. Let us share with you why.
Yes, homes for sale in the Temecula/Murrieta Valley have one great thing in common: location. However there is so much more to it when it comes to successfully selling a home in today’s market.
The truth is there are three dynamics that are important – location, condition and price. Of the three, price is the ultimate trump card.
The value of a home is certainly influenced by its location. Build identical homes with identical features in Wine Country and another one in French Valley, and the Wine Country home will certainly be worth more, simply because Wine Country is a more desirable area. Location only affects the value of a home. Price is what sells the home.
It doesn’t matter if a home sits on the shores of the Pacific Ocean, high up in a pristine mountain resort or in the penthouse of a prestigious downtown building, it just won’t sell if it’s not priced right.
There is a buyer for every home. Sometimes it’s difficult to say just what will be the motivating factor as to why a particular buyer buys a particular home. A home in a “good location” will always sell for a fair price. The same goes for a home in a “bad location”, it too will sell for a fair price