Episode 53: Back To School: Pros and Cons Of Selling Near A School


Do you currently live near a school or are considering it? You may not be thinking of all the perks and the pitfalls of what that means when you choose to sell that home. Here are a few things to be aware of if you choose to hit the real estate market.

Check out the site Lori mentioned for school district ratings: www.greatschools.org

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Here are the PROS and CONS of Selling near A School

"People don't just choose houses just to choose a house. They choose a house because it serves many, many needs. And one of them is school districts, “ shared Lori Alvarez.

Cons

  1. The auto traffic

  2. The foot traffic

  3. The demographic

  4. Strategy based on the season

It's important to take the busy times into consideration when you're planning your showings for your home. You don't want your agents and your potential buyers to be late to your appointment due to traffic!

*Note you have to disclose traffic when selling your home.

"Everyone's trying to get somewhere in a timely fashion to avoid detentions or tardies or lateness or whatever it be to arrive at their next destination, you know? And so when you're leaving bright and early in the morning or finishing the day up at school and finishing the day up at work, we're all coming back to the same space at the same time."

-Lori Alvarez

Pros

  1. A prime location

  2. A prime school district (if applicable)

  3. Strategy based on the season

"When I say buyers will bust their budget, it will go almost 10% higher than what they actually allocated to buy a house if you're in the school of their choice." -Lori Alvarez

What happens if the school has full occupancy? Tune in to hear more about what happens and what you should know about your property.


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Disclaimer: Please verify all information with the licensed professional of your choice.

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Episode 54: Educating You on the Fall Season Buyer and Seller

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Episode 52: Back To School: Pros and Cons Of Living Next To A School