You've heard the old saying about Real Estate; location, location, location. In reality, the three criteria that sell Real Estate are location, condition and price. You noticed that location is still listed first!
Buyers are willing, in many cases, to discount condition - and within reason - price, to purchase a home in the right location. So what makes a location popular? Of course there are the tried and true criteria such as schools, plus proximity to conveniences such as parks, bus lines, bike trails, grocery stores, coffee shops and restaurants.
But there is also the nebulous parameters that are hard to measure. The "feeling" of a neighborhood. Is it friendly? Are neighbors out walking dogs and strolling children? Do neighbors watch out for each other? Does the neighborhood have that "Mayberry" feeling?
I just listed a house is a neighborhood that is all "Mayberry" and more. It's tucked away on a quiet court that few in Madison are aware of. It surrounds one of Madison's "pocket parks" that is a gathering space for residents. It's a neighborhood where kids bring you homemade cupcakes to let you know they think you are "sweet" and impromptu summer kickball games are commonplace. It's a special place.
So while condition and price may dictate the sale of some properties, this little house will be sold on location.
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