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Location Location Location  It's probably the oldest joke in real estate: the three most important factors in choosing value is location, location, location. It may also be some of the best advice around even if it is a joke. You can apply the test to your own area. Think about the most desirable community near you and check the home prices. It is an easy bet that they will considerably greater than an identical house is a so-so community. The other piece of real estate advice that falls under this category is to buy a modest home in the most expensive community because it will be easier to resell because are eager to enjoy the prestige of the area.
If you don't know an area but want to learn more about the sales prices, you can "snoop" around the neighborhoods by using Boston.com's Recent Sales prices off the real estate section. If you are using a Buyer's Agent, you can ask and expect to get all the nitty gritty details about pricing and desirability. Because they don't have to push certain homes that are for sale, they can give you the straight scoop. |
