With so many homes on the
market you'll never get anywhere unless you
narrow your choices. You can begin this
process by first identifying one or a few
neighborhoods that are right for you by:
-
Consider Local Factors; and
Using Neighborhood Strategies
Factors
to Consider When Evaluating a Neighborhood
When evaluating a
neighborhood, you should
investigate local
conditions.
Depending on your own particular needs and
tastes, some of the following factors may be
more important considerations than others:
-
Quality of schools
-
Property values
-
Traffic
-
Crime rate
-
Future construction
-
Proximity to: Schools, Employment, Hospitals,
Shops, Public transportation, Cultural
Activities (museums, concerts, theaters,
etc.), Prisons, Freeways, Airports, Beaches,
Parks, Stadiums
Whether you’re moving across the country or
across town, you can count on us to help you
through every step of the process.
Neighborhood
Search Strategies
If you’re a first time-buyer with limited
financial resources, it’s a wise purchasing
strategy to buy a home that meets your
primary needs in the best neighborhood that fits
within your price range.
You can maximize your home purchase location by
incorporating some of the following strategies
into your neighborhood search:
-
Look for communities
that are likely to become
"hot neighborhoods"
in the coming years. They can often be
discovered on the periphery of the most
continuously desirable areas.
-
Look for a home in a
good neighborhood that is a bit farther out
of the city. If commuting is a concern,
purchase a home that is close to public
transportation.
-
Look at the
neighborhood demand by asking us whether
multiple offers are being made, whether the
gap between the list price and sale price is
decreasing, and whether there is active
community involvement. You can also drive
around neighborhoods and see how many "sale
pending" and "sold" signs there are in a
particular area.
-
Look into
purchasing a condominium
or co-op,
rather than a house, in a desirable
neighborhood. This way you still may be able
to purchase in a prime area that you otherwise
could not afford.
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