Location, Location Location... Not anymore

It has been the rule of real estate from the beginning; when buying property there are three rules to follow: 1) Location, 2) Location and 3) Location. However, in an ever changing world, where nothing seems to be what it was a short time ago, this is no longer the case.

How?
Technology has changed our lives forever, and continues to do so. It allows people access to almost everything simply by using their phone or computer. But there is a trade-off; more things to do = less time. Think about it, do you follow your family and friends by using technology such as Facebook, Twitter, etc.?  If your loved ones are off doing other things doesn’t that take away from time spent with you? Understanding this, you can see how ‘time’ has become one of the most valued commodities in today’s world.
 
The New Criteria
Time and convenience have slowly replaced location as the leading criteria in real estate purchases. With so much going on buyer’s time is at a premium and the last thing they want is to be inconvenienced. These are the major reasons buyers are looking at new or remodeled homes. Shows such as ‘Property Brothers’ and ‘Fixer Upper’ are showing them what a house can look like but instead of doing the updating themselves they want it done already. They don’t have the time to remodel and when you’re new to an area finding capable craftsman can be an inconvenience.
 
As technology changes, people and markets will change too. The ones who can adapt to these changes are the ones who will take advantage of them. How do you stay current on such changes when your time is a premium? Simple, use someone who spends their time endlessly researching such things. Use Pete Popovich and PNP Real Estate.
 

QUESTION OF THE DAY: What did you think of location no longer being the leading purchase criteria in today's world? Please let us know in the comments below:

Have a topic you would like to learn more about? Tell me what it is, in the comment section below, and I will be sure to add it to our list of things to write/discuss.
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