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by Noel Peebles
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without physically moving a property, it is possible in some circumstances to have a property rezoned by the local authorities. It does depend on your laws relating to where you live. However, I have seen properties triple in value when they were rezoned from ‘rural’ to ‘commercial’. But, as I say, the laws are different from country to country.
Anyway, unless you can alter the location or status of the location, you must generally accept the location as being fixed. Which brings us to the other three points – price, condition and marketing. All three are variables that you can control. Here's what I mean:
1. You can raise the condition of your property to meet your asking price. Or...
2. You can lower your price to meet the condition of your property. And then...
3. You can run a powerful marketing campaign that makes your property stand out from every other property in town.
Do you see what I mean? You can change the price, change the condition and change the marketing... but the location of your property remains static.
So, to say that LOCATION, LOCATION, LOCATION is the number one reason why a property does or does not sell is just a real estate myth. The truth is; price, condition and marketing rate as more important factors in the real estate negotiating process.
© Noel Peebles, Market Leaders ebooks.
Noel Peebles is author of the best-selling ebook "Home Selling Secrets Revealed." For details
http://www.forsalebyownerguide.com |
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