Small or big town? - Posted by Melly

Posted by Ronald * Starr(in No CA) on August 24, 2003 at 11:30:46:


Well, what is your goal? Are you buying to live in? Are you interested in long term holding for a rental? Are you looking for a quick turn over for a profit?

Also consider ease of managment. Closeness to you, knowing vendors, suppliers, potential handypersons to fix and so on.

What are the profit potentials? Just because there are more buyers in a large city does not guarantee higher prices, because there are also more houses to be bought by those buyers. Unless the small town is just tiny, there probably is some market for the houses there.

In a small town lots of people know what is going on and it could be cheaper to sell, as you may not have to list with a real estate broker. If people know and trust you, you have a leg up in selling the property.

There are too many factors to consider to invest just on the basis of large or small population.

Good InvestingRon Starr*******

Small or big town? - Posted by Melly

Posted by Melly on August 24, 2003 at 01:47:52:

Would it be better to go for a nice house in a small town, or a crappy house in a big town (both for the same price)? The small town house is in much better shape, but would probably be hard to sell. The big city house is in bad shape, but would sell easier because there are a lot more buyers around.