Monday, December 19, 2022 / by Rebecca Wilson
When buying a home, you might think to yourself....
"I want to live in a nicely finished house, in a great neighborhood, for the perfect price!"
This is what is known as a Real Estate Unicorn - A property with incredible finishes, in a wonderful neighborhood, for a great value.
There are three key elements go into the Real Estate Unicorn, and they are not faith, trust and pixie dust. They are:
Where is the home located?
What are the demographics of the neighborhood?
Is it easy to commute to and from?
PriceIs their value in the home at the price you will pay for it?
Does the home fall within your budget?
Home Interior and Exterior Finishes
Is the home move in ready?
Are there any upgrades or renovations that need to be done?
Is the home to your taste?
Searching for a home that includes the best of all three categories may prove difficult. It is important for home buyers to determine which two categories are the most important to them. Here are the different scenarios:
1. LOCATION + PRICE = May be in need of some TLC, updates, renovations to make the house your dream home.
2. PRICE + FINISHES = May not be in the most desired neighborhood with the all the amenities you may want.
3. FINISHES + LOCATION = You may have to pay a premium for the home because they are in high demand and getting a good deal might not be possible.
4. LOCATION + PRICE + FINISHES = UNICORN
Here is the great news.... you don't have to do it alone!
A professional Buyer Specialist can help you to determine what is most important to you when looking at homes to purchase. Once they know what your top priorities are they can work hard to find you a home that is as close to your "Unicorn" as possible.
These agents also have access to off market properties that are not yet visible to the public. This is where there is an opportunity to get your "Unicorn" without having to be in competition with other home buyers, especially when it comes to price.