TERM TO KNOW

Real estate

Land including the air above and the earth below plus any permanent improvements affecting the utility of the land. Property that is not personal property.

Think & Do Reminders

Pros & Cons of Neighborhoods�the Matrix

Make a matrix to itemize your own feelings about each neighborhood you check out. You can narrow down your list of prospective new neighborhoods by creating a matrix that rates each home and neighborhood according to the six factors we've reviewed. While you won't always find the perfect home in the perfect neighborhood that satisfies every preference on your list, you can through a process of elimination find a home in a neighborhood that meets most of your criteria. This matrix offers a quick, objective scoring system for ranking and comparing the homes you visit. Rate each home on a scale of 1 to 5 in each category, with five the most favorable score, then total the scores for each choice.

Commute Facilities Schools Crime Taxes Nuisances Total Score

Home 1

Home 2

Home 3

POP QUIZ - Pros & Cons of Neighborhoods

Question:

List 3 reasons you should carefully check each neighborhood before you buy

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