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Choosing a Neighborhood
Choosing a
Neighborhood
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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