According to an industry analysis of listing descriptions from more than 2 million homes sold in the last few years, houses with listing that contain certain keywords often sell faster and for more
How To Spot The Next Hot Neighborhood
Dated: October 10 2019
According to recent market statistics and trends, we are starting to see a lull in the real estate market across the board. This is not uncommon during the winter months as buyers and sellers tend to not want to pack up and move during the busy holiday season. This calmer market gives home buyers a great opportunity to sit back and assess what's available without feeling the pressure of high turnover rates. This is the perfect time to start preparing for next year's spring and summer months, when activity tends to pick back up and values increase.
Here are a few tips to help give you some ideas about where to look for your next investment opportunity!
Location, Location, Location!
Location is one of the most important elements - if not the most important - element - to consider in a home search. While it's easy to find markets that are already buzzing, how can you spot up-and-coming neighborhoods?
Uptick in Businesses
Take note when chic hotels, stylish boutiques and trendy restaurants begin to emerge in the surrounding areas. If a neighborhood is creating a higher demand for new venues, then its property values are likely to soar.
Neighborhoods that may be considered past their prime but offer unique architecture and structural integrity are prime real estate opportunities. Victorian, Tudor and Spanish-style older homes are popular, especially among millennials and first-time home buyers who are willing to invest in a home that requires a little extra love, attention and elbow grease.
As homes begin to spend less and less time on the market, it's a good sign that the neighborhood is increasing in popularity. Sometimes, it only takes a few buyers taking an interest in a neighborhood before other buyers take note and begin to see its potential for future growth.
I understand that buying a home can often times be one of the biggest financial decisions of a person's life. Not only can the whole process seem stressful, emotional, and time consuming, but if you a....