Less than a few weeks ago I posted an article about the new Riverwalk Collection at Bown Crossing. Today, I am happy to say that we are 50% sold with another 25% on the horizon. I’d like to attribute it solely to our great marketing, but I think that would be grossly typical of most narcissistic real estate agents (although, we have done a bang-up job 
).
Instead, I just want to point out to those of you folks who think that all real estate fits in the same basket that there is such a thing as good and bad real estate.
Simply put, there are places that people actually care about and then there are those places that people don’t care about.
Some of the characteristics of good real estate would include:
- Good infrastructure
- Walkable streets and neighborhoods
- Natural Amenities–Rivers, foothills, greenbelts, views, wildlife
- Good proximity to shopping (the kind people care about, not the big box stuff that is the antithesis of places that people care about…except those suffering from cognitive dissonance who don’t mind participating in the destruction of places people care about in the name of ‘low, low prices’), professional services and entertainment
- Transportation options–mass transit, bicycle, walking
- Scarcity
- Culture & Civic involvement
- Future
- Here’s a good example of a community that has all of the above, then some–
I won’t waste your time with what I call bad real estate because too often, good people who live in or choose to buy bad real estate get offended at the notion–until that is, it is time to sell.
So, if you’re out shopping for a home, make sure that you buy good real estate–at the very least, if you can’t sell it, you can enjoy it.
If you’d like to search for good real estate, but don’t know how to, just give me a shout!
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thanks for the post
This is a unique post, I like your thoughts on this. These are things we often overlook!
You are right Aaron. Good real estate will always be desireable. One thing that you left off your list is that the property needs to be priced right. The video was outstanding!
I etll you Aaron, it’s probably the simplet concept in rel estate and yet people often overlook it. Try not selling a really good property. People will beat your doors down trying to get at it. Well said and what makes sense in Boise makes sense in Coffs Harbour Australia. Make certain you buy quality and if you can’t then you’d better get whatever it is very cheap
Andrew Blachut
PropertyNow
Australia
Austin is booming with condo projects right now – and the ones that have issues are suffering from bad real estate as you put it – the items you listed as good real estate are great – I think the best projects are the ones where developers really understand the culture and wants of the community they are building in