Are you thinking about selling your home? Has someone approached you about seller financing the home? Is this an option that you need to know more about? Working with a real estate agent can help you avoid costly mistakes when selling your home. He or she can help you learn about seller financing and determine if it would be a good option for you to consider. My real estate agent helped me sell my home to a wonderful family that didn't have credit that was established enough to take out a traditional mortgage. Visit my site to find out what we looked for to determine if this was a wise decision for us to make.
A home's location may be the most important indicator of the price, how secure you will feel, and its resale value. An affordable home in the perfect neighborhood is the goal of many homeowners. Read on for some considerations as you choose your new home in the best neighborhood.
Explore the Neighborhood's Character
Almost all neighborhoods have something that makes them stand out. Some neighborhoods are known as urban oases with walkable shopping and dining. Others are geared toward retirees, young families, working professionals, and more. Let your real estate agent know what you are envisioning before you begin your search. Consider housing options too since some neighborhoods feature single-family residences and some are filled with condominium complexes. You might be perfectly happy in a suburban cookie-cutter neighborhood that offers amenities like community recreation areas, or you might want a large piece of land in a rural or semi-rural area. Know where your dreams fit best before you choose a neighborhood.
How Much Control Will You Cede?
Many buyers are looking for security and higher resale value and don't mind dealing with lots of rules. Neighborhoods with homeowners' associations (HOA) and with deed restrictions may control everything from your paint colors to what type of vehicle can be parked in your driveway. If you go with this type of neighborhood, know what the rules (and the costs) are before moving forward.
Good Schools Often Equal Great Neighborhoods
Public and private school quality should be of interest to everyone — even those without school-age children. Check city schools along with private ones to learn more about school quality. The effects of school qualify may affect your home's resale value, the socio-economic status of your neighbors, crime rates, cleanliness, and more.
Pricing Within a Neighborhood
Real estate prices have risen everywhere, but there are still price ranges within a given neighborhood. In most cases, it's better to have the least expensive home in a neighborhood than to have the most expensive. That is because it's cheaper to reap the benefits of the neighborhood and you aren't pricing yourself out of your targeted neighborhood. If the neighborhood you have your eye on seems too expensive, consider a fixer-upper on a street of other higher-priced homes rather than the nicest home on a street of run-down homes.
Get with a residential Realtor and let them help you zero in on the neighborhood that's right for you.
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