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Message
re: Buying a first home
Posted on 11/17/14 at 11:53 pm to soccerfüt
Posted on 11/17/14 at 11:53 pm to soccerfüt
quote:
quote:
There's a saying in real estate... "You want the worst house in the best neighborhood"
Huh?
It's "You don't want the best or the worst house in a neighborhood."
I think it's actually "you want a bottom third house in a top third neighborhood"
I think I heard it that way. Jk
buying as investment with intention to flip: take the above sayings into account
Buying because you want to enjoy your home and let it be a blessing to you? Buy the home that YOU want, not what the next buyer down the road will want.
1
Posted on 11/18/14 at 12:01 am to jacquespene8
quote:
I think it's actually "you want a bottom third house in a top third neighborhood" I think I heard it that way.
Not specifically agreeing or disagreeing with you but it certainly isn't the worst house in the neighborhood.
I've done the nicest house in a neighborhood trick, I knew it going in and there were mitigating factors. But it was not good at the end. I know folks who have done the worst house in a neighborhood trick, in a slow market it is doubly bad and can hurt the rental possibilities. Admittedly, in a medium or brisk market it can be OK.
This post was edited on 11/18/14 at 12:03 am
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