When it comes to buying real estate, local knowledge is something you just can't do without!
'Local knowledge' is the knowledge that people in a community have developed over time, as a result of long association with that community.
Knowing where to go or what to do to get things done or meet ones needs in a new locality doesn't come naturally to everyone. When choosing a new home, buyers do well to ensure it is close to schools, medical centres, banks, supermarkets and other things, eg. dry cleaners, salons and mechanics. Close proximity to an airport, hospital and / or university may also be high priority.
While most of these things are easily discoverable, 'local knowledge' comes into its own when things like traffic congestion, socio-economic and other demographic factors and community safety are in question. This is where the local real estate agent or buyers agent becomes an invaluable source of local knowledge. They know where the good pockets are or are not. Some mortgage brokers have access to a range of data that can assist in better understanding a town or suburb you are interested in.
These factors all feed into property valuation, so it is important to know a town or suburb well before making a large financial commitment, like a house or apartment purchase. For this reason, Suburb Profile Reports are also extremely valuable. 'Do your homework' as the saying goes. A Suburb Profile Report allows you to make a very good start. This is something we can arrange for you if needed. Simply click the button below to get some local knowledge now!