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Collecting Information about Your Potential New Home

posted by Stephen Katz @ 12:49 AM
Sunday, March 27, 2011

Prospective homebuyers need a lot of information about the neighborhood and city that may become their new home. The most important information is gathered through personal experience. My advice is to drive through the area, preferably at different times, on different days, to observe the day to day life of the area. On the weekend, observe the way most owners take care of their homes. Do they do the bare minimum, or take pride in their home’s appearance.

Another good idea is to observe traffic during rush hour. How long will it take you to get to work and run your shopping errands? Are there safe ways to walk around the neighborhood or for the children to go to school? Are there parks and other recreational areas close by? These things may or may not be important to you.

If you are moving to a different county, you will want to know the property taxes. Information in real estate listings may not be
accurate. Often times the amount of taxes paid by the seller are adjusted for tax exceptions. Most counties will have a website where you can find out the tax information and other insight about the area.  Such information most often is from general
sources, such as the U.S. census, but may give you some useful decision-making help. A great source for school information is www.schoolmatch.com.

If you are working with a real estate agent, ask them to look up recent sales and current listings for homes in the neighborhood. Ask them to put together an analysis for you and should at least be willing to give you a sample of recent sales prices. If you are looking at a number of areas and want to do a little research on your own, you can access data on home values on several websites such as www.zillow.com, www.realestate.yahoo.com/Homevalues, and www.homegain.com. One nice feature of most of these sites is that you can see the values for surrounding homes and get an idea of how values are distributed through the community.

Stephen Katz

(770) 309-0939 (direct) or (866) 742-8400 -- For the past 18 years, Stephen Katz has built a successful business almost entirely on referrals. As your mortgage consultant throughout the home loan process, Stephen will explain the pros and cons of all available mortgage programs and help you choose the financing option that is best suited to your needs. Throughout the loan process, he will keep you informed and will respond quickly to your requests with answers and solutions. Consistently a top producer, Stephen is a Mortgage Bankers Association "Diamond" Award winner, a Georgia Mortgage "Top Gun" and has closed almost half a billion dollars in loans. Put his knowledge and experience to work for you!

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