Home Buying in 14225>Question Details

mj, Home Buyer in Amherst, NY

How can you tell if the neighborhood will hold its home values or that it is safe wilth low crime rate?

Asked by mj, Amherst, NY Fri Nov 23, 2012

The home is on the border of Cheektowaga and Amherst (Snyder)

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5
Larry Tollen’s answer
No one can predict the future so predicting whether a home/area will hold it value ultimately is little more than a guess. You as the buyer need to look around and decide for yourself what your opinion of the area is. Is it lively, vibrant and with a few economic engines that offer opportunity to those moving to the area? Are you aware of community development plans. (Try going to the Town Planners office and speaking with some of the people working there). Are there good schools, and higher educational opportunities? A burgeoning food or arts scene. These are all positive indicators.

As to crime some cities offer online programs that collate information from the local Police and Sheriff departments (Crimemapper is one such program) anc make these available to the public on the City/Town website. If something like this isn't available to you in your area, simply go into to the local police office and ask. How's the unemployment rate? If it's high then this may indicate both a likelihood of higher crime as well as future problems with home values.

There's no simple way to answer your questions, it takes some diligence on your part to make a good informed decision.
2 votes Thank Flag Link Sun Nov 25, 2012
Hi, You can have a local real estate agent pull the trends for the past few years to get the most accurate home values. As for crime and demographics you can visit http://www.HomeFair.com and click on the city reports section or visit http://www.SpotCrime.com.

Chris
1 vote Thank Flag Link Fri Nov 23, 2012
Each neighborhood has pros and cons. Safety can improve or deteriorate at any time. As for crime rates, I have provided a link below to a useful crime site.

Good luck.
0 votes Thank Flag Link Sun Nov 25, 2012
It is as it has always been. Neighborhoods that 'hold value' most reliably have value retaining elements such as waterfront, golf course, nearby attractions, professional employment centers, gated, custom construction, and in top 15% of area prices.

If the community in question possesses none of these attributes, then a real analysis must be completed. This is what pros get paid for...the REAL analysis. Consult a professional near you. Ratios, trends, mobility, development, press and nearby graffiti can all influence value.

Forecasting, by it's very nature requires more transparency regarding your objectives. You can understand that if this is the LAST home you EVER intend to buy, the objectives are clearly different from the anticipation of a doing career development time (mid-management) in preparation for the bump up in six years.

Best of Success to you,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
http://RealEstateMadeEZ.us
0 votes Thank Flag Link Fri Nov 23, 2012
As for holding value, unfortunately none of can really predict the future. When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
0 votes Thank Flag Link Fri Nov 23, 2012
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