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Evaluating A Neighborhood
Remember that first question you asked your friends when they bought a new home? Your question probably was "Where?" Whether you are a buyer or seller, you are well advised to take a close look at the neighborhood.
If you are a seller, know that the selling price of your house will be affected, positively or negatively, by the neighborhood it is in. If you are a potential buyer, the neighborhood will not only affect your right to "peaceful enjoyment" of your home but also will play a large part in determining what you would be able to sell for in the future.
If you have a neighbor who has a "junk yard" in his front yard - expect the selling price of your home to go down. If, however, all your neighbors keep their properties well maintained and landscaped, your possible selling price will increase.
Noise level will affect the desirability of your neighborhood. If people who yell on the street inhabit the block, rev up noisy motorcycles, and have loud parties, prepare for depressed property prices. This is another area where it is no longer necessarily "Buyer Beware".
If you sell your home, knowing that there are noisy parties ... more

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