Neighborhood Considerations for the Seller

Neighborhood Considerations for the Buyer and Seller

An old real estate maxim says that three criteria determine market value: Location, location and location. The same boards and brick may be used to build two houses, yet one house will bring a price thousands of dollars higher than the other – simply because of its location. Birkdale and Birkdale Village has all the positive qualities that the selective buyer has to offer!

If you are one that always keeps the eye on the ball, thinking resale, then you know that the Birkdale area has to be an area that rises to the top of the lsit.

The concept of neighborhood is not as precise as a county or city. Some people consider the boundaries to be the district around an elementary school. Others consider it to be walking distance, which is more or less within a half-mile radius. Wherever you draw the line, a neighborhood is the immediate area around your home.

Obviously location is important to the buyer. But it's also important to you as a seller. That'`s because your neighborhood has a lot to do with how fast your home will sell – and how much you'll get for it. Selling a home located in a desirable neighborhood will net you a much higher price than selling one in a less-than-optimal one. If your home is located in a "hot" neighborhood, that may increase your chances for a sale. You're likely to have more prospective buyers interested in your home, simply because of its location.

A desirable neighborhood usually exhibits these characteristics:

High or increasing property values
Reasonable commute and close proximity to employers, schools, hospitals, shopping and public facilities, like parks and community centers.
Low crime rate.
Well-planned traffic infrastructure.
Well-maintained properties.
Higher percentage of owner-occupants.
Well-regarded school district.

If you are interested in this area and need an agent that can guide you through the entire process, call Roby Robertson at 704 451 7051.

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