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That may or may not be a deal breaker, but it’s certainly something to consider. Or perhaps residents are staying put as their kids grow up, leading to older neighbors and fewer close-by pals for your kids. Your local school might have a reputation for poor management, sending parents fleeing to charter or private options. There are a number of reasons enrollment might decrease. “Shrinking class sizes are a red flag,” Bernstein says. Schools in healthy communities should be steadily increasing their enrollment-or at least keeping the population steady, if there’s no physical room to grow. Red flag No.2: The schools are enrolling fewer students Do your homework to assess the situation before making any big moves. Or maybe there’s a more sinister explanation, like increasing crime rates. Maybe there are many older residents who are downsizing. Perhaps the neighborhood is rapidly gentrifying and longtime residents have decided to cash in. Of course, the hue of this particular red flag depends on the reason for those “For Sale” signs. “This points to illiquidity in the market and pricing pressure, which is a risk for buyers,” says Alison Bernstein, the founder of Suburban Jungle, which helps families find their ideal suburb. But if you see an army of “For Sale” signs, consider looking elsewhere. There’s nothing wrong with two or three listed houses on the same street. Red flag No.1: Too many houses are on the market Luckily, we’ve identified seven red flags that should give you pause before you sign on the dotted line. And if your hood is on the decline, you just might have a helluva time offloading your home when you decide to sell.Ī bad neighborhood isn’t always obvious, though sometimes you need to do a little digging to know if a community is worth buying in. You can change your house-but you can’t change the neighborhood. It’s time to make an offer!īut before you put your money on the line, take a peek around the neighborhood. We won’t use a certain cliché, but there is a reason the pros emphasize location when buying real estate. I pulled this article from There Goes the Neighborhood: Watch Out for These 7 Red Flags When Buying a Homeįinally, you’ve done it: You’ve scoured the market for available homes-and then some-and found one you can’t stop thinking about. This article is awesome because it gives us all warning signs to look out for when we are blinded by new house love. It is easy to look past the neighborhood and focus solely on the home for sale that we want so much. Yet, sometimes our blinders are on to the rest of our dream home’s surroundings. When you fall in love with a house, we all know that the neighborhood is just as important as square footage and floor plan.
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They leave you filled with a mixture of fear and disappointment. Then, on the other hand, we have all driven through neighborhoods with the opposite effect. The lawns are well manicured, there are no broken down cars on the street, fences and signs are well maintained and kids are roaming the neighborhood safely. We have all driven through neighborhoods that we would love to move into. Make & receive calls using company phone numbers on any mobile.I just read this article and had to share it with our blog followers. Avoid the cost & inconvenience of VoIP phone systems.Sales/Engineers/Maintenance/Telesales/Customer Support/Managment:.Internal Staff (Admin/Accounts/Support):.
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