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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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