A great Article from Realtor.com and that House of Brokers posted. Definitely take the time to read through it.
-Realty Executives of New York
Everyone has different priorities but neighborhoods that are more likely to cause trouble for your housing investment often share certain qualities. What makes or breaks a neighborhood, and what are the signs of decline?
Here are four ways to evaluate an area:
Sale prices in an area offer a good barometer of what’s happening on the ground. A neighborhood where homes linger on the market for years, where owners constantly drop their selling prices or sell for much lower than they initially asked for, might not serve as a great investment for a new home buyer. Most of that information is publicly available. A REALTOR® can answer questions too. Pay very…
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