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Andrena Dimitrijevic's Blog

By Andrena Dimitrijevic | Agent in Florida

Transitional neighborhoods are a hidden gem

"Wake up and smell the coffee," writes Michael Corbett. He's talking about big chains such as Starbucks and Whole Foods. If you see them opening in a new neighborhood, it's a sign that the neighborhood is up-and-coming, and therefore a smart real estate bet.

In his book he writes:

One of the best ways to stretch your buying dollar is to find a neighborhood that is in transition. Called fringe or transitional neighborhoods, they are typically close to major metropolitan areas and were once neglected and less desirable. Is there a trendy restaurant where a tattoo parlor used to be? These neighborhoods are now beginning to enjoy a new life and your goal is the find them.

Has a Starbucks just opened on the corner or maybe a Whole Foods Market? These are all good signs that a neighborhood is on the upswing. You can bet that big chains like Starbucks spend a lot of money and time analyzing neighborhood potential before they open up a new store. So go ahead, tap into their market research and be their neighbor
http://read.bi/Zv5TUH

#Andrena Dimitirjevic #LuxeRealtor

Comments

By Torang | Save $10,000's,  Fri Dec 28 2012, 12:20
Thanks and happy new year.

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