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Choose 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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