Welcome to Foreclosure Guide
Become A Foreclosure Broker Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
The Quality of the Neighborhood is an Important consideration when Purchasing a Foreclosure Home
from:When you are prospecting for a foreclosure, home the neighborhood should be taken into consideration. We all want to have a great home, but the neighborhood also plays a big part in the value of the foreclosure home purchase.
Investigate the area:
• What is the surrounding property like? Is it well kept or rundown? Is it a residential area exclusive to homeowners or is there a mixture of homes and rental units sandwiched together?
• Is the community stagnant, deteriorating, or being built up?
• Is there commercial property in the area? Are their retail stores and grocery chains either already in the neighborhood are considering coming into it?
• Will you have easy access to retail outlets without having to use your car each time you need a loaf of bread or and gallon of milk?
• Do you have access to buses and taxis, trains, subways or other public transportation?
• How many for sale and for rent signs are visible? From a foreclosure home purchase standpoint, it is always a more lucrative investment if there are more homeowners than renters or tenants in the immediate area. Property values are higher in an area that caters to homeowners.
• Not only is it important to consider the condition and age of the foreclosure home you are considering, it is also important to look at the age and maintenance level of all the homes in the area.
• Similarly, consider the age and quality of the cars in the area as well as the city maintenance of the roads and streets. Are there quiet residential streets or busy thoroughfares?
• Are the sidewalks clean and litter free, is there a good quality trash collection system, are the public parks well maintained?
• Are there community centers, schools, training centers, career opportunities in the area or close to the area in which you would like to buy foreclosure home?
• How good are the schools rated in the area?
• Consider the noise factor if you will purchase a foreclosure home in the vicinity of a industrial park, opposite an elementary or high school, or within the downtown core where there is traffic congestion, night clubs and various other night life activity.
• What is the level of security in the area? Are there hospitals, clinics, fire stations, and police stations? Is there a neighborhood watch?
• What is the crime rate in the area?
As you can see from the details provided above that purchasing a foreclosure home is more than merely living in a home, it is a community investment. For more tips on community living click on the site U.S. Department of Housing and Urban Development
Become A Foreclosure Broker News
Real Estate News — National brokerage presents awards to affiliate; baby ... - Charleston Post Courier
Real Estate News — National brokerage presents awards to affiliate; baby ... Charleston Post Courier Annalisa Jordan is broker and owner of Weichert, Realtors - Palmetto Coast, located at 389 Johnnie Dodds Blvd., Suite 103 in Mount Pleasant. For more information, call 843-375-2076. A new study of places where soon-to-be retirees want to settle down ... |
Re/Max broker-team leader makes great strides in seven years as Realtor - Charleston Post Courier
Re/Max broker-team leader makes great strides in seven years as Realtor Charleston Post Courier Lisa Richart, broker with Re/Max Advanced Realty and head of the Richart real estate team in Mount Pleasant, soon will be broker-in-charge of the agency's new West Ashley office (Photo by Jim Parker/Staff 4-25-12). By JIM PARKER Lisa Richart likes to ... |
Bank of America offering up to $30000 for short sales - OCRegister
Bank of America offering up to $30000 for short sales OCRegister In recent months, major banks in the US have become increasingly willing to embrace short sales as a cheaper alternative to foreclosure. Cathy Haney is a real estate broker who grew up in and now lives and works in Irvine. She can be reached at ... |
Answering the Call - Morning Star
Answering the Call Morning Star Haven is about 12 or 13 and is well-trained, may have some arthritis, but may be able to work up to showing someday. Photo by Katie Bedard-Goytowski NORTHERN MICHIGAN – At its heart, Horse North Rescue (HNR) is an equestrian foster care program. |
Fairfax and Loudoun through a bus window - Washington Post
Fairfax and Loudoun through a bus window Washington Post On May 10 I joined more than 450 brokers, developers and other real estate types on a tour of the exurbs. Some take-aways: Village at Leesburg: Hollywood would be proud Shortly after departure we drove through this Route 7 town center project, ... |