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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 youre 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 youre a first time-buyer with limited financial resources,
its 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:
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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.
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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.
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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.
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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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