We have a Pick 2 rule that, just like the laws of physics, we've found to be true in all cases when you buy a home.
Here's how it works:
When you buy a house, you have to choose between three aspects of buying the house:
- The price
- The location
- The condition
And you can only pick two of the three! You can never have all three.
For example, if you want a great price, and a great location, then the condition of the property isn't going to be very good.
Or, if you want a home in great condition, and in a prime location, you're not going to get a good price.
Or, if you want a home in nice condition at a great price, it's not going to be in a prime location.