Quiz: What Type of House Hunter Are You?

Luckily, the location of this house is still the "it" neighbourhood. Many people here buy a house for the location, and then raze the old to build the new. It's an extremely expensive thing to do, but those who choose this area have extremely deep pockets.

~

You are The Neighborhood Seeker

Location, location, location-a real estate agent's mantra. You can change just about anything in a home, but it is where it is. And if that neighborhood is not particularly desirable, you'll have a tougher time selling the home.

On the flip side, buyers who only want to live on the "it" street or in a certain exclusive neighborhood often forgive serious faults in a home. "I've watched people get into houses with real problems because they want to be on a certain street," says Barrie Spang of Staged to Sell in Cleveland, Ohio. "Then they are living where they want, but they can't afford the house because they are dealing with tons of issues."

* Remove the rose-colored glasses. The perfect location doesn't make a perfect house. Who wants to deal with an unstable foundation or a sinking garage-even on the best street?

* Be willing to pay more. The house might be smaller, in worse condition and overall less desirable than comparable homes on nearby streets. But you'll pay for the location-sometimes too much. Decide what the home is really worth and whether you'd be just as happy with more amenities elsewhere.

* Plan to remodel. "The house might not be the ideal size, but if the location fits I make sure the family is financially and emotionally ready to potentially take on renovations," says Nicholle Dagata, a Berlin, Conn.-based Realtor and president of the Connecticut Association of Realtors.