Buyers Remorse: How to Avoid it.

Posted by Mary Ray on Monday, June 15th, 2015 at 3:20pm.

I am sure most of us have heard the phrase, Marry me, marry my family, and there is something to be said about this kind of wisdom. Like it or not, some of life's most important choices come with side issues we might not be so happy about. With marriage, it may involve dealing with an overbearing relative once a year. That you can probably handle. But let's take this mentality over to the purchase of your new home.

Many first time home buyers, checklist in hand, are diligent when it comes to the house itself. They make sure it has the required square footage, plenty of natural lighting, new kitchen appliances, and even the pool they have always dreamed of. The price is right, so next on the list is the home inspection…No Chinese drywall, roof in excellent condition, and termite free. This must be the Cape Coral property deal of a lifetime, right? Not so fast.

In order to guarantee against a horrible case of buyer's remorse, you will need to put one more project on your checklist, the neighborhood. Oh sure, you drove in through the scenic route and you glanced at the homes that lined the block, but there's a bit more involved in the research of a neighborhood than that. Here is a list of specific things you will want to look into that will make sure you will be enjoying your new Cape Coral property for years to come (free of surprises):

How to Research Your New Potential Neighborhood

  • Area Crime: The best website for this is Crime Reports. Just by entering the address of your new potential Cape Coral home, you’ll have access to a neighborhood map that is sprinkled with little triangles that pinpoint recent sites of criminal activity. Everything from sex offenders who live in your area to breaking and entering, vandalism, and theft is plain to see on this map. Another excellent website is calledSpot Crime. Although it does not provide registered sex offender locations, it does include more crimes than Crime Reports. Spot Crime includes all area arrests, assault, and domestic violence along with theft and burglary reports. It may give you an idea of how rowdy your neighbors are likely to be.
  • Community Activities: Beyond the safety of your new potential neighborhood, you’ll also want to check out what kind of activities, shopping, and entertainment is available nearby. Google Local and Yelp are both excellent resources to help you find out what you can do when you aren’t lounging in your backyard pool.
  • Flood Zones: A very important item on your Cape Coral property research list should include checking the local flood zone map. During rainy season, you want to be sure you’ll stay high and dry. This factor also will affect your homeowner’s insurance, so it’s an important one.
  • Recession-Proof: Yes, the neighborhood may look wonderful, but how did it fair during the recent recession? Besides checking for the obvious tell-tale signs, like a large number of for sale signs in the area, you can email us and get area statistics around your home on what is for sale and what has sold in a certain time frame.  Of course, if you are purchasing a foreclosure property or a short sale at an excellent deal, you’ll need to take that into consideration. Price reductions in the area are a factor to keep in mind but shouldn’t necessarily stop you from purchasing a Cape Coral property.

 

  • The Night-time Drive Through: Besides using the internet to investigate your new potential Cape Coral property, you’ll also want to drive through the neighborhood a few times, especially at night, and preferably on a weekend. If all looks in order then you’ve completed your due diligence.

The tips above can help make sure that your new Cape Coral property truly is what you have envisioned it to be. If you have any questions or are ready to further explore Cape Coral home ownership, please give us a call at 239-691-0157!

By David Sporleder | Sporleder-Ray Realty Group | david@davidsporleder.com| Google+

 

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