Pamela Vasiliu
Sales Representative
pvasiliu@remax.net

RE/MAX Professionals Inc.
Brokerage
Independently owned and operated.

Date: Friday June the 22nd, 2018 
416-236-1241

 

   

If A Starbucks Opens In A New Neighborhood, It's Time To Buy A Home There

November 16, 2012 - Updated: November 16, 2012

 

 

"Wake up and smell the coffee," writes Michael Corbett, Trulia's real estate expert and and host of NBC's "Extra's Mansions & Millionaires!" in his book Before you Buy! The Homebuyer's Handbook for Today's Market.

 

He's talking about big chains such as Starbucks and Whole Foods. If you see them opening in a new neighborhood, it's a sign that the neighborhood is up-and-coming, and therefore a smart real estate bet.


In his book he writes:

 

One of the best ways to stretch your buying dollar is to find a neighborhood that is in transition. Called fringe or transitional neighborhoods, they are typically close to major metropolitan areas and were once neglected and less desirable. Is there a trendy restaurant where a tattoo parlor used to be? These neighborhoods are now beginning to enjoy a new life and your goal is the find them.

...

Has a Starbucks just opened on the corner or maybe a Whole Foods Market? These are all good signs that a neighborhood is on the upswing. You can bet that big chains like Starbucks spend a lot of money and time analyzing neighborhood potential before they open up a new store. So go ahead, tap into their market research and be their neighbor.

 



 


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