Imagine getting into the next hot neighborhood before the prices skyrocket. Residents in NYC’s SoHo, LA’s Venice, and Miami’s Wynwood neighborhood know that living in a city’s trendy area is worth a lot. What does it take to spot the next up and coming area near you? In this segment of LXTV Open House, Mary Kae Higgins, associate broker with Coldwell Banker Reliable, gives us 5 things to look for in the next great place to live.
The next hot spot is often an affordable, but formerly unnoticed neighborhood. A great example is Bedford-Stuyvesant in Brooklyn, from where this segment comes to us.
So, what should you look for in the next hot neighborhood?
Cultural aspects – If business owners are willing to invest in the neighborhood, that’s usually a good sign. Look out for art galleries, trendy restaurants and cafes popping up.
Unique architectural design - Does the real estate have a particular look and feel?
How fast things are selling – Is real estate moving quickly? If that brownstone sells in a day, it usually means that the area is in demand.
Proximity to mass transit and business centers – Convenience is key. Is there a subway, bus stop and grocery store within short walking distance?
Closeness to other hip, trendy areas - Trendiness is contagious. Follow the artists and young professionals to their next new landing spot.
What are the big features that today’s home buyers are looking for in a new home? What are the best ways for home seller’s to increase the value of their home? What is the general mood of today’s real estate buyer and seller about the housing market?
These are some pretty good real estate questions as we are almost a full month into a new year so we thought it was about time someone answered them. Coldwell Banker sent out a survey to our agents across the country asking them what the sentiment of their buyer and seller was and what were their biggest needs/wants/desires in today’s housing market.
Take a look at the highlights of the survey in this segment that was featured on NBC’s LXTV Open House this week.
Back East there’s finally a winter crisp in the air, malls are packed with last minute shoppers, Elf seems to be on TV twice a day and most houses in my neighborhood are fully decked out with colorful lights and inflatable snowmen. Yup, we’re less than two weeks away from the Holidays! While you make your final holiday preparations and prepare to be with family and friends this festive season, here are a few real estate headlines to get your week kicked off right:
August is the most popular month for vacations, but it’s also one of the most popular months for moving as people try to get situated before school begins and autumn comes. With that in mind here are some of the top stories in real estate on this Monday morning, August 8, 2011: