Buying a Home With Resale Value

1. Are You Buying a House or a Home?
2. Buying a Home With Resale Value
3. Why Buying a Home is a Good Idea
4. Why Search for a Realtor, Anyway?
5. Pre-Approved Verses Pre-Qualified Loans
6. The Strategy of Selling First, Then Buying
7. Determining Your Offer Price
8. How Property Condition Affects Your Offer
9. How Market Conditions Affect Your Offer Price
10. Contingencies in an offer to Purchase Real Estate
11. 1031 tax-free exchange

____________________________________________________________________

Buying a Home With Resale Value
There are many things that should be considered when buying a home. Since most homebuyers expect to buy a bigger and better home someday in the future, resale value is an important factor in decision-making. You use the proceeds from selling one home to buy the next one.
While no one can guarantee that your home will grow in value, there are steps you can take that maximize your potential gain.
“Location, Location, Location”
“Location, location, location,” is a common and almost hackneyed phrase in real estate literature. Your agent may even throw it at you when you ask for advice about buying a home. However, what does “location, location, location,” actually mean? Why repeat it three times?
Mostly, “location” is repeated to emphasize that it is extremely important to the resale value of your home. The idea is to buy a house that will appeal to the largest number of potential future homebuyers. A careful choice of location can minimize potential negative influences on future resale value, and maximize positive influences.
Focusing on resale value requires you to make several different “location” choices. The first choice you have to make is “which community?” At the very least, you should narrow your choice down to just a few local communities.