So you have finally found the house you are looking for, but what about the neighborhood?
Nobody wants to buy a home in a bad neighborhood and identifying a bad neighborhood may not be as easy as it sounds.
Here’s a couple of warning signs to look out for:
#1 Too many homes for sale in the neighborhood. I’m not talking about just a couple of homes for sale, but an overwhelming number. Check out sales over the past year as well.
#2 Local school enrollment could be a warning sign. If enrollment is consistently going down, that may be an indication of homeowners leaving the neighborhood.
#3 Vacancies in local business buildings. Empty stores may be an indication of a neighborhood in decline.
#4 Not enough parking … Is everyone parking on the street? Where will your friends and family members park when they visit?
For the best hedge against picking a bad neighborhood, leverage a REALTOR who specializes in the area.