You've heard the old saying, "Location, Location, Location."  The truth is "Location, Condition and Price."  And Price trumps every other factor.
Location affects the value of a property, but it's price that will sell it.  The most desirable location in the world won't sell at the wrong price.  A good location will sell at a fair price.  A bad location will sell at a fair price too.  It just won't be as high as it would be for a good location.
A home/cottage in good condition will sell at a fair price.  A home/cottage in poor condition will also sell at a fair price, it just won't be as high as a comparable home/cottage in good condition. 
However, with the exception of value in use, neither location or condition will sell any home/cottage.  Only one thing does that - Price!
(Excerpts from Blanche Evans, reported in RealtyTimes) 

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