One does not simply purchase a home. They invest in a community. But sometimes they are unaware of it. By assisting them in locating a neighborhood that complements their new house as well as it does, you can prevent the all-too-common neighborhood regret. Here's how to become an authority in your neighborhood and assist your clients in falling in love with every aspect of their purchase, from the front porch to the nearby park
Know Neighborhoods.
Knowing where to look for information is half the battle of becoming an expert, and communities puts a wealth of thoroughly researched and crowdsourced knowledge at your fingertips. Through What Locals Say, our ground-breaking poll with more than 20 million responses and counting, you can read up on insider viewpoints from actual inhabitants. It includes a wide range of topics, including whether dogs are allowed in neighbourhood businesses and how festive a community is.
Neighborhood sections also include market and inventory information, local images, and maps that make it simple to find the best places for dining, shopping, and entertainment. Additionally, local school ratings and information on the danger of crime each block are available to homebuyers. Additionally, you may see active for sale listings, each of which contains additional area details like commute times, demographics of the neighborhood's residents, and more.
Use the data to learn a neighborhood’s story.
Yes, your comparative market analysis can teach you a lot about a community. However, can you use it to provide prospective homebuyers with local history? You may. Utilizing the information from your comparable sales along with that from Trulia Neighborhoods and property description pages will help you understand the neighborhood's history and develop a stronger connection to it.
What, for instance, is the cause of the higher property sale prices on the neighborhood's western side? If you look through Trulia's Neighborhoods, you might discover a number of walkable nightlife locations there. On the Explore the Area map, you can access Yelp reviews for the companies, which can help you learn more about the locations and discover why and who they are drawing in. According to the demographic data on a property description page, the neighborhood may have more young adults who are single than other adjacent areas. What Locals Say quotations might help validate or clarify the fact that this is a community that attracts young professionals?
Know the locals in person.
Go analogue after finishing your research on Trulia Neighborhoods. Talk to the residents by going to the area. Have you seen a comment about a fantastic dog park? Examine it to determine if it lives up to its reputation. Spend a few hours strolling around the area if the statistics indicate that it is walkable. Grab a cappuccino at a coffee shop, visit the grocery store, and strike up a conversation with the waiter at a restaurant.
Inquire about what you've discovered so far about the neighborhood when you speak to local residents and workers. They'll feel more at ease talking to you about their experiences and observations because they'll know you have engaged in learning about the place thanks to your insider knowledge. You may even begin to discover which of your neighbors is getting ready to move and what businesses are moving in and out of the region.
Follow up frequently to gauge the neighborhood's future.
Homebuyers hoping to get in early before a neighborhood's popularity drives up prices will be drawn to one that is transitioning from warming up to hot. Knowing which neighborhoods are growing in popularity can give you an advantage since first-time and pioneering buyers adore these communities, which are frequently full of older properties and closer to the city center.
Look for indications that young, urban professionals are beginning to settle in a community or characteristics that might draw them. Has a natural food store opened? Is there a planned light rail station nearby? Exists unrealized architectural potential, such as avenues lined with ranch-style homes from the 1950s or Arts and Crafts bungalows? Has a new business or industry arrived nearby? Research it online, get in touch with people, and drive or walk around the neighborhood to get a feel for it.
Become the friendly neighborhood real estate agent.
Make it a part of your brand if you have a strong enough understanding of the neighborhood to support it. Put the name (or names) of the neighborhood on your business card, social media pages, and other promotional materials. Become active and an useful member by sharing knowledge and data on social media platforms with a focus on the area.
Likewise, come in person. Join neighborhood groups and distribute your business cards at coffee shops and other public areas. Referrals for home buyers and more neighbourhood expertise will start flowing your way once you've built relationships with locals, business owners, and employees.