Look For the Path of Progress

Look for the path of progress

This is part of a series that is being posted to my website because blogs read backwards and this item needs to read forward. You may read everything published to-date at http://www.segrestrealty.com Hit the “Investment Guidelines” link.

We talked about the path of progress in the last article. It can be identified using the standard methods that everyone uses of neighborhood or urban plans or DOT projections. The problem here is that everyone knows these tricks. We need something new. How do we predict the path of progress?

There used to be an old management system called MBWA (Management by walking around). I cannot help but think this would be the way to evaluate a neighborhood that in the path of progress. Walk around a neighborhood talk to the people who live there. See what they think. See what the neighbors are doing. Look for neighborhoods where the neighbors are calling about people who don’t keep their yards well. Look for neighborhoods where neighbors call the police about suspicious activity.

Don’t move too fast. The neighborhoods generally continue to go down for awhile before they come up. Remember, you have to own the property and deal with the problems until the turn around is well under way. As with technology it is better to be on the cutting edge rather than the bleeding edge. Identifying neighborhoods and properties on the rise will be the best way to be ahead of the crowd.

David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/