When you begin your search for a new home there is a lot of information you want to have regarding your potential new neighborhood. Your real estate professional should sit down with you and have gathered information that will be necessary to know that this area is right for you and your family.
Important Statistics: Ask for information on the medium household income, the schools in the area, city reports, cost of living, and, what if any new potential laws or rules regarding housing are coming on the ballot etc... You should also ask about all the public services, about what retail areas there are, parks, what kind of community events are held each year, The goal is to make sure that this neighborhood fits in with the needs and wants of your family.
Taxes and Prices: Your real estate professional should be able to show you all the past sales in the area and around the neighborhood. With this information you will be able to determine if homes are appreciating in value and how much. You will also get a better feel for what you will have to bid in order to get the home.
For example what percent over list prices have homes in this area been selling. If not are they selling at list or being discounted. Here in the San Francisco Bay Area most trendy and desirable neighborhoods are selling over list with multiple offers, If you cannot compete here look outward to areas like Concord, Hayward, Richmond, Antioch, Brentwood, Salinas, Watsonville, Morgan Hill, Gilroy and Hollister.
Crime Reports/Permits: Here your real estate professional will provide you with websites you can visit to look up crime statistics and other safety issues. As for permits and if the home has had had some renovations your real estate professional will direct you to city hall to get that kind of information and to see if they were taken out and fi nalized. They are not able to provide you with the reports themselves.
Lastly the sellers should have filled out a disclosure packet you can look at and in many cases they will have done an inspection that you can review. Also ask if an appraisal has been done that you can review. In any case the more information you can get the better the decision you can make. Happy Buying.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by San Francisco Examiner.
All information should be independently reviewed and verified for accuracy.
Properties may or may not be listed by the office/agent presenting the information.