As a Realtor®, I'm often asked which neighborhood is "The Best" neighborhood. Although most that are shopping for a new home understand it's subjective, they often don't realize just how subjective it can be. While the final decision usually is made based on the home with the right combination of a Buyer's wants and needs finding that home comes down to knowing where to look.
There are four categories that I hear most often that play a significant role in deciding which neighborhood you'll end up in whether you know it or not. I can say that so confidently because those are the neighborhoods that have what you're looking for. Just imagine what a leg up you'd have if you knew exactly which neighborhood that will be before you exhaust yourself in a endless hunt dragging you aimlessly all over town just to end up in the same place. These four categories may be a bit of a surprise because they aren't necessarily based on characteristics of the home itself rather are driven by why you are moving.
Bigger House (More Space)
Cheaper Buys (Lower Prices)
Fastest Moves (Quick Move-in)
Popular Areas (Where the Action Is)
Intention: To Buy A Larger House
When you moved in it seemed large enough but we all too often find ourselves wishing we had just a bit more space. Families grow, things get collected, and visitors often come more often than we had planned. When neighborhoods are built, often builders acquire a grouping of lots. On those lots they build a selection of homes often with a select few models being repeated in different variations. If you're looking for That also means that homes of a certain size will be found in certain areas. If you're looking for a home around 5,000 sqft, you need to know where those homes were built.
Intention: Cheaper Buys And Lower Prices
Whether you're looking for a "good deal", which can truthfully be found in any price range, or are trying to get into a neighborhood that is at the top of your budget, we need to take a moment and think about this in a very similar approach as we did with finding homes of a specific size. While a community may have homes of different sizes and price ranges mixed together, it is very rare to see a $300,000 home next door to a $1,000,000 home. I'm not saying it never happens, it's just very rare. If you know you're shopping in a specific price range, you need to know where to find them so you don't waste time or get frustrated when you're seeing what you want.
Intention: Need To Move Quickly
Whether we like it or not, sometimes we find ourselves having to move on a short timeline. Did you know that some neighborhoods and homes that close faster than others? It's, true and knowing which ones to watch is vital information that you don't have time to waste figuring out as you go.
Intention: Want To Be In The Action (Popular Area)
Let's face it, some neighborhoods are just more popular than others for whatever reason. Regardless if you're new to the area or just want to move closer to the action, knowing where that is could be pretty darn helpful. Did you know that real estate agents have access to sales data and can tell you exactly what neighborhoods have had the most action. Our market and what buyers want goes in cycles. One year we may find that open floor plans are all the rage and then the following year buyers are asking for kitchens separate from their entertaining space. I'm never going to begin guessing what will be "in" next but I can tell you, it isn't what's "in" now. What we do know is which neighborhoods have had the most homes bought and sold and that's something you may want to keep an eye on.
Now I'm sure you're wondering, where in the world are you going to find this information. Or maybe you asked your Realtor® and they couldn't really give you a clear answer. Well, there's a really powerful tool that previously was only available to homeowners. In 2019 they launched an amazing tool for anyone who wants to keep an eye on neighborhoods. The best part is that you can watch them from the perspective of each of the four intentions we discussed above.
Imagine the advantage you will have over other buyers if you knew exactly where to look while they are out wandering around. It's that head start that will find you the home that you want and it's that head start that will make that home yours.
The information that is provided by Homebot gives home buyers an advantage that you won't find anywhere else. The best part is, LIVLUX Real Estate provides this report absolutely free.
Homeowners have been using this platform for years to monitor the equity in their home and for ideas of their best options to maximize their equity.
Home shoppers who want to find and win the home that they want can receive their free personalized digest and information portal by emailing Team@LIVLUXre.com with their name and address. It's that easy!
*Homebuyers can use the Homeowner link below. Simply enter your current address and then click on Explore Markets.
Homeowners who want to maximize their equity or at least have the information to know how they can and what options they have can simply enter their address below!