There are many factors to consider when selecting a neighborhood that is right for you. Below are just a few of the many factors — you may think of others that are important to you.
Neighborhoods have characteristic personalities designed to best suit single people, growing families, two-career couples, or retirees.
Scout the Neighborhood
It is important that you scout the neighborhood in person. You live in more than your house.
- Talk to people who live there.
- Drive through the entire area at different times of the day, during the week and on weekends.
- Look carefully at how well other homes in the area are being maintained; are they painted, are the yards well cared for; are parked cars in good condition, etc.
Neighborhood Factors to Consider
- Look for things like access to major thoroughfares, highways, and shopping.
- Listen for noise created by commerce, roads, railways, public areas, schools, etc.
- Smell the air for adjacent commerce or agriculture.
- Check with local police, fire and school officials to find information about the area.
- Research things like soil and water.
- Look at traffic patterns around the area during different times of the day
- Drive from the area to work.
- Drive the area and look for parks, churches, recreation centers, shopping, theaters, restaurants, public transportation, schools, etc.
- Find out if the neighborhood belongs to a Homeowner’s Association.
There is no easy answer – some homes sell in a few days, others may take several months. Recognizing the key factors influencing a sale can give you significant control over market time.
The proper balance of these factors will expedite your sale:
• Location is the single greatest factor affecting value.
• Neighborhood desirability is fundamental to a property’s fair market value.
• Buyers compare your property against competing properties.
• Buyers interpret value based on available properties.
• The real estate market may reflect a seller’s market or a buyer’s market.
• Market conditions can not be manipulated; an individually tailored marketing plan must be developed accordingly.
• Property condition affects price and speed of sale.
• Optimizing physical appearances and advance preparation for marketing maximizes value.
• The more flexible the financing, the broader the market, the quicker the sale and the higher the price.
• Terms structured to meet your objectives are important to successful marketing.
• If the property is not properly priced, a sale may be delayed or even prevented.
• Your home generates the most interest in the real estate community and among potential buyers during the first 30 days it is on the market. If it is not properly priced during this time, we miss out on this peak level of interest.
A licensed Realtor© will work with you on each of these factors to help ensure that your home has the best chance of selling quickly.