Things to Check out Before you Buy

Things to Check out Before you Buy

Things to do before you buy. According to Barbara Corcoran, real estate mogul and consultant on the Today Show. People fall in love with house and don’t check neighborhood. There are certain things only the homebuyer can do, like talking to the people who live there and asking questions about the neighborhood. If you can muster up the courage to talk to the neighbor to the right and the left of the home you are interested in, you may find out some interesting things about the home, neighbors and area. Visit the neighborhood often and at different times of the day; early in the morning, weekends and later in the evenings. Go on google maps to see what is in the neighborhood near the home you plan on buying. It will show empty lots, greenways, pools and other things you may want to know that are in the vicinity of the home. Visit the local schools and go online for school reports. A great resource is www.greatschools .com. Go to the neighborhood when children are being picked up at the bus stop. It is a great way to see how the children there interact and also how the parents interact. Go online to see crime statistics for the area. Visit the town clerk’s office and ask about impending changes. They’ll know if there is going to be a zoning change or use variance in place, also of any roads, cell towers, etc. that might be coming to the area. Check out the cars in the neighborhoods. Barbara says if you see a lot of lower priced new cars, it might be an indication that there are young families there and the neighborhood could be on the rise and may be a sign of a strong job market. Look at the foreclosure rate in the area. You can check on to see what it is in your area. Ask ahead about how your town is reassessed. It could be when you close, based on the sales price, or when you do improvements or every five years. This way you can be sure of what your taxes will be in the home. Ask broker to analyze the last 5 sales in the neighborhood to see the price per square foot. It is a good way to determine value in the neighborhood so you don’t overpay.

Scott Wilkinson Headshot
Phone: 704-957-0323
Dated: June 30th 2011
Views: 2,004
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