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Updated almost 9 years ago on . Most recent reply

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293
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88
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Melissa N.
  • Rental Property Investor
  • Charlotte, NC
88
Votes |
293
Posts

How do you evaluate a 'transitioning' area?

Melissa N.
  • Rental Property Investor
  • Charlotte, NC
Posted

I just had a realtor send me a property that on paper looks great. However, the area is historically 'rough'. She says its in transition so I'm just wondering what resources everyone uses to evaluate this kind of thing. I checked the crime sites and its the usual larceny, vandalism, etc. But I also see that in areas that I know are nice. Thoughts? 

PS We used to live in this town but have since moved away so driving by is not an option. I do have friends in the area I can ask to take a look though. 

Most Popular Reply

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12
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9
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John H Huston
  • Investor
  • Caliente, NV
9
Votes |
12
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John H Huston
  • Investor
  • Caliente, NV
Replied

Melissa,

I firmly believe that one must see the property and the area first hand.  Walk all four corners.  Look in every closet.  Also, it is often productive to see which real estate agent has the most listings in the neighborhood - who "farms" the neighborhood - and talk with that person.  You might be able to discover who that agent is by looking at local listings online and have a chat before committing to a trip there.  Be careful not to commit yourself to using or involving that agent - unless you decide you want a buyers agent/broker. Usually in a transition area, on the phone, you should be able to get to the person at the city/county who handles issuance of permits for building and remodeling can tell you a bunch about activity in a neighborhood.  Good luck.

Best,

John

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