Print This Post
Buying a Home; Make Sure You Can Sell Quickly If Needed
As a professional athlete, before you purchase a home, you must consider how quickly you may be able to sell it; what if you get traded or sign with another team in a year or two?
Because of this possibility, an athlete needs a home that will grow in value and sell quickly when the time arises.
Even though locations that are desirable, today, might not keep that status forever, it is still a good model to use when looking for a home.
So before the athlete starts on their journey of house hunting, there are some questions that need to be answered.
Why is a particular neighborhood in demand and how long has it been a top choice?
Is the home the athlete considering at the higher end of the price range in the neighborhood? It is not a good idea to buy at the highest price point.
Are there other neighborhoods in the area that are increasing in their appeal? You want the value kept up in the surrounding area.
Are there certain areas in town that seem to be growing rapidly? Traffic, school populations could become a problem.
Will there be plenty of services such as groceries, shopping, and schools in that area? You don’t want to be in an area that does not provide adequate services and amenities. Just because you can buy 10 acres doesn’t mean the home is in the best area.
Is the area changing and are residential areas are shifting over to a more commercial area? You never want to be in an area that is transitioning into a commercial area.
Who are the primary home buyers in that town? If it’s senior citizens, the best resale potential might be a ranch home, because seniors don’t like stairs. If the primary buyers in that area are young families with children, consider a home with a large yard that is not on a busy street.
It is important to look through the local real estate ads. A feature that is mentioned in many ads is probably one that is in demand.
Features that are outdated are usually a negative, but they can be turned into a positive if the home is under the market value and updates are made. However, know the update costs and exactly how much they would add to the home’s resale value.
Always choose a home that suits your needs, but find one with the features and in a location that are in demand and could sell quickly.
Leave a Reply
Visit The ProWife Locker Room!
The ProWife Advertisements
