Parkland Florida / Coral Springs Florida News for October 2013
After the frenzy of the summer season the stampede has finally slowed
down in Parkland Florida /Coral Springs Florida where ,Parkland Florida 33076 & 33067, Falls turns its leaves up north and sales have cooled down a bit locally. Maybe its the
government shut down, and the debt ceiling crisis, may be its the interest rate instability. For some of us it's a nice breather to get back to normal. Sellers can now
pretty much relax its their turn now and buyers need to be patient, but
ready to buy when that that right home comes up for sale. For buyers
you need to do your homework and work a good lender to get your ducks in
a row.
Why Location Matters in Real Estate
AUTHOR:BRENDON DESIMONE
Ask just about any real estate agent to list the three most important
things a property should have, and you’ll likely hear: “location,
location, location.” That phrase has been in use at least since 1926,
according to The New York Times, and is just as relevant now as it was
then.
But why does location matter so much? For starters, you can’t move a
home — at least not easily or inexpensively. When you buy a home in a
good location, it’s usually a solid long-term investment.
Real estate agents often advise their clients to buy the worst house —
a property that could use some TLC — on the best block. Why? Because
fixing up a home in a great neighborhood will give you the best return
on your investment. Quite simply, it will be easier to sell later on.
Conversely, you can buy a beautiful home that doesn’t need any work. But
if the block is sketchy or just plain bad, you could have a hard time
selling the property at a decent price.
So if “location, location, location” is so important, what makes a
location good? Here are five characteristics to look for when buying a
home. If you can get all five, chances are the home’s a great
investment.
1. A safe neighborhood
People want to live where there’s little or no crime. Naturally, they
want to feel safe in their homes and will pay extra for it. A safe
neighborhood means people will feel free to walk around, be outdoors and
interact with their neighbors. Communities still exist today where
people don’t lock their doors, and they know their neighbors are there
for them in a pinch.
2. Good schools
Being in a good school district is important, even if you don’t have
school-age kids and never plan to have any. Fact is, young families
always will be buying their first or second homes. They will do their
home search based on location in general and good school districts in
particular. The better the school district, the higher the values of the
surrounding homes can be.
Found a home you love but the school district is subpar? Be aware of
that issue for resale down the road. Bottom line: When you buy a home,
you should always think like a future seller.
3. Convenient access to popular places, shops and restaurants
Everyone wants to be near the best commercial districts. The closer
to the hubbub of a particular town or the best parts of a city, the
better the location — and the more someone is willing to pay for a home.
In beach communities, the closer to the beach, the more valuable the
property.
4. Water access and views
No matter which town or city, someone will always pay for a great
view or to be on or near the water. Put a home right on a waterway or on
a hill with panoramic views and you’ve got a great location.
5. Access to public transit and/or freeways
In major cities, the farther you live from the bus, subway or other
types of mass transit, the less valuable the home. A good location means
being very close, and having easy access, to public
transportation. Being near a train or bus can get you anywhere in a
short amount of time. In some towns, where a commute by car is
inevitable, easy access to the freeway makes for a good location. Adding
20 minutes to a commute just to get to the freeway never helps a
location.
What makes a bad location?
There are some common characteristics that make a location “bad,” no matter where you are.
Ever see a home with a backyard that faces the freeway? Whether the
home is in Denver, Dallas or Dubuque, such a location is likely always
going to be considered undesirable. Is the home on a busy intersection
or a four-lane road? Again, it’s probably considered a bad location, no
matter which town it’s in or what the nearby neighborhood is like.
Other factors that can make for a “bad” location: very close
proximity to a fire station (good if your house is on fire, not so good
if you’re trying to sleep); a hospital (frequent ambulance sirens); an
airport (sounds of jet engines 18 hours per day) or a school (traffic
from buses or parents dropping off children or kids yelling and
playing).
Some “good” and “bad” qualities simply vary by community. If you know
your local community, you know which parts of town are less or more
desirable. It’s always smart to rent in a new community before
committing to a home purchase. Renting allows you time to become
familiar with the location.
All these things matter when you’re considering the location of a
home for sale. But never lose sight of what matters most to you about
the location. If you’re crazy about baseball, for instance, you might
love owning a condo near your city’s professional baseball team
ballpark. Someone who doesn't like baseball, on the other hand, would
probably not want to live near all the commotion.
Location, location, location really does matter — a lot. But as
always, the most important thing is to buy the right home for you, at
the right time.
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If you are thinking of selling you need to weigh many
factors, such as the market where you are planning to move to, how you
are going to finance and if you are buying new construction or re-sale.
New construction allows you to lock in the price today so
when it closes in 10 to 12 months or more depending on the builder and
where the home is, you have a built in profit-but at what interest rate?
A lot to think about and it is much easier when you have a professional
to bounce things off.
Buyers ! search for a home yourself!
I have a new tool to aid you in your home search!
Simply go to http://searchflorida.agentfolio.com and set up your home search criteria.
Agentfolio
is revolutionary new product that enables you to search current
listings, while staying in communication with everyone that is part of
your home search.
Don’t forget to download the mobile app.for
https://play.google.com/store/apps/details?id=com.buyfolio
or https://itunes.apple.com/us/app/agentfolio/id418332670?ls=1&mt=8
Happy Hunting!
If you are planning on buying a home in South Florida or
Selling one, the Team of Lea Plotkin and Rubin Wites, Realtors with
Prudential Florida Realty are the realtors you should speak to:
954-802-8451 or leaplotkin@gmail.comemail us
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