Posted on 07/15/2014 2:09:47 PM PDT by SeekAndFind
This article bought to you by the National Landlord Association.
“Why buy? Rent instead!”
True story. LOL.
RE: He bought his home in a town where the high school basketball team hadn’t had a winning team in years.
I’m a little slow... what’s the attraction with that? Why is that an indicator as to what makes the area a good buy?
“Don’t get the question about “lived in the area before? “”
For example: Where I live the crime is about 3 times highers just a mile or so away. You’d not know it by looking. Having lived here a year or so I was able to know why the houses to the North of where I live were cheaper
Also, and this is an extreme case. People move from the mainland to Guam for jobs rather frequently and only stay about 3 months then leave. It is a lot of trouble to buy a house and then find out you don’t want to live there.
Three properties have been abandoned on my street in the last two years. I’ve been a responsible home buyer and owner and now own my home free and clear.
I’d love to punch all these irresponsible bastards who’ve lowered the value of my thrift and pride of ownership.
If you don’t know the area well, you could get stuck with a home in a neighborhood that looks nice superficially, but is rapidly going downhill.
kewl
Know what's around you. I saw a very nice house in Danbury, CT that was reasonably priced and was on beautifully landscaped grounds with woods all around. It seemed perfect. Until I drove down there on a Saturday to check out the neighborhood. Once I got outside the immediate neighborhood, I got dumped into a busy street chock full of check cashing places, run-down fast food joints, and a bunch of rough-looking characters who looked like they just crossed the border from Mexico. It really didn't give me a comfortable feeling.
The surrounding towns like Bethel, Ridgefield, Wilton, etc., were more expensive but quiet suburban towns with main streets that your grandmother would feel safe walking down even if it was 9PM on a Saturday night.
As the real estate maxim goes, location, location, location.
Know your location. It trumps everything else.
Now how about one for sell vs stay?
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