Resale value high on buyers’ minds

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

There's not much you can do about keeping a down market from having some impact on the value of your home. But, you can carefully choose the home you buy so that you end up with a property that holds its value well, even in a slow market. Gerry and Patty Montmorency have lived in their Oakland, Calif., home for 11 years. Prior to this relatively long period of ownership, at least for them, they bought and sold seven homes in six different cities. It took them between 12 hours and two weeks to sell the last six homes, even one they owned in Nashville, Tenn., for less than four months. What is the secret to their success? Location is at the top of the list of features to look for. A convenient location with good public or private schools, public transportation and a commercial district close by are a plus. But, being too close to a school or commercial zone can detract from value, particularly in a buyer's market. HOUSE HUNTING TIP: To make sure they don't end up buying in...