Members of the silent or greatest generation, those born before 1944, also prefer smaller
homes in neighborhoods with easy walks to shops and restaurants.
They'll
find homes in the neighborhood and come up with a value, whether it's based on price per square foot or the physical characteristics of the property.
That could happen for a number of reasons you can't control, like a unique home layout or having one of the
few homes in the neighborhood without a garage.
And if you're less than enthusiastic about the areas better suited to your client, you'll end up
showing homes in those neighborhoods with a bad attitude that could infect your buyer.
This celebration marks the beginning of additional quality, affordable rental properties, ready to
become homes in a neighborhood of waiting families.
An appraisal report will discuss interior work and finish, improvements, site, neighborhood, and a valuation section that addresses the value of similar
homes in the neighborhood based on recent sales.
If you start off with no equity or negative equity and the value of
homes in your neighborhood begin to fall, your negative equity will grow, making the potential problem grow worse.
You can
flip homes in neighborhoods you wouldn't necessarily live in but you'll have to do renovations that might not be up to your standards too.
In order to keep tabs on your competition there is a neighborhood alert system that will notify you as similar
homes in your neighborhood come on the market, go under contract or sell.