Always Think Resale! What Does That Mean to You?

I recently met with a couple who purchased their first home from me in 2004 -Oh the good ole days, we watched the new listings daily and were outbid on several nearly on terms offers but finally they bought a great house in an even greater location. It was close, there was another house they nearly bought, nicer house, less money, and not a bad location but it was too close to future commercial development.

They knew I liked the one they bought better "Always Think Resale!" they remembered; I could tell they liked the one near the commercial (and I'm talking light Manufacturing in this case). Business has been good for them, their family is growing they want to move up and have seen prices in next price range coming down.

First, they were afraid their Albuquerque house had dropped a lot of value- they had watched a lot of news and read a lot of headlines - but surprise! - no their value had not increased - but the decline in their prime area on the smaller houses was a whole lot less than they expected.

So they asked me, point blank, what features did I look for when I say "Always Think Resale!"

Now that's a huge question, I look at hundreds of factors - but here a few I shared with them:

Is is convenient? This used to be a lot further down my list, but what sells today is close to as many daily items as possible. How far is it to the grocery store? How about to a Freeway, bus or rail line.

Is it quiet? How about nearby traffic - can you hear it? Does the street carry other traffic than it's own?

Show me the view. We have glorious mountains & spectacular sunsets, sure there is price that comes with them, but a home with views just sells better - and in this case I think they will get their money back on resale on the one they bought in '04.

First Impression - Curb Appeal. You know it when you see it. Tasteful well thought out landscape, the home is attractive and you like it before you ever get out of the car!

So we are out looking. What are some considerations at the top of your "Always think Resale!" list?

Thanks for sharing your ideas and opinions.

Kent Davis, QB, MBA