Home Buying in Brooklyn>Question Details

Homegirl, Home Buyer in Brooklyn, OH

How can one tell / found out if they are buying a home in a neigborhood that where the homes are increasing in value?

Asked by Homegirl, Brooklyn, OH Tue Aug 2, 2011

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5
Phil Rotondo’s answer
Ask your local realtor for a list of sales in a certain neighborhood for this year and compare this list to the sales in the same neighborhood for 2008, 2009, and 2010.
And the list is free!
Web Reference: http://www.321property.com
0 votes Thank Flag Link Tue Aug 2, 2011
What you are asking is a very SHORT term answer to a LONG TERM problem:
This would be like putting a Microscope to the side of an elephant to determine if he is alive and well.

Remember the addage: LOCATION, LOCATION, LOCATION!
This will be true for the future too:
In this regard, you know as much as the experts; if it is a desirable area, you can tell.

Good luck and may God bless
0 votes Thank Flag Link Wed Aug 3, 2011
Go to the courthouse and check recent sale in that neighborhood. Easy.
0 votes Thank Flag Link Wed Aug 3, 2011
Your county or state economic development agency, county assessors office....are other sources. Even a good local newspaper might help. Best wishes, Jim
0 votes Thank Flag Link Wed Aug 3, 2011
Hi, It's best to connect with a local agent who can help you understand the trends in the area you are looking to purchase in. They can pull comps of properties that have sold for years back and show you what the appreciation trend has been in the area. They can also show you what is activiely on the market to get a sense of what people are selling for compared to what they paid for the home.

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
GREEN Designated Agent
William Raveis Legends Realty Group
914.406.9023
0 votes Thank Flag Link Tue Aug 2, 2011
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