You hear these words repeated in real estate all the time but what does it really mean? Is it just real estate agents trying to be cute? No. It's single handedly the most important aspect of purchasing real estate. Location, location, location can typically be
identified by one simple element in every city all over the world. Identifying this 'element' takes enormous talent, experience and insight. If you purchase in the best location your property will retain more value and appreciate better over the long term versus the opposite.
Think of it this way, the biggest movie of the year is about to be released in theatres. You've got tickets, waited all day in line, and now you are first in the theatre. What seats do you choose? Most choose somewhere in the middle of the theatre. As the sold out theatre begins to fill the seating selection gets worse. When the first settlers or developers come into a new area, where do you think they chose? Typically it's near water, proximity to passages (roads/waterways), views and/or vegetation. From there community ammenities such as parks, schools, shopping, golf courses, restaurants all begin to be built around these fabulous locations creating very desirable lifestyles for the community members.
Not everyone can afford to buy in the French Riviera or right here in Nichols Hills. Location, location, location is the #1 real estate rule to investing and applies to all price points so don't be disappointed if you can't afford that million dollar mansion in Gaillardia. The best location for your price point is right here in the Oklahoma City Metro or your home town.
identified by one simple element in every city all over the world. Identifying this 'element' takes enormous talent, experience and insight. If you purchase in the best location your property will retain more value and appreciate better over the long term versus the opposite.
Think of it this way, the biggest movie of the year is about to be released in theatres. You've got tickets, waited all day in line, and now you are first in the theatre. What seats do you choose? Most choose somewhere in the middle of the theatre. As the sold out theatre begins to fill the seating selection gets worse. When the first settlers or developers come into a new area, where do you think they chose? Typically it's near water, proximity to passages (roads/waterways), views and/or vegetation. From there community ammenities such as parks, schools, shopping, golf courses, restaurants all begin to be built around these fabulous locations creating very desirable lifestyles for the community members.
Not everyone can afford to buy in the French Riviera or right here in Nichols Hills. Location, location, location is the #1 real estate rule to investing and applies to all price points so don't be disappointed if you can't afford that million dollar mansion in Gaillardia. The best location for your price point is right here in the Oklahoma City Metro or your home town.
