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1) Is This Property in a High-Crime Area?
I served jury duty with a gentleman who has had his home broken into and burglarized so many times that he has lost count. He also happens to be in one of the wealthiest communities in that city. Dont be fooled into believing that high property values will protect you from crime.

2) Is This Property In the Glide Path (ILS Approach) of an Airport?
Yours truly got caught by this one. I wanted a quiet place to live. What I got: a home located in the glide path of a small municipal airport (which is also one of the busiest airports in town - how didn't I notice planes you say? good question! You may Love airshows, but you don't want live under one, believe me.

3) Is This Property Near a Landfill? a Water Treatment Plant?
A close relative of mine once rented property within smelling distance of a sewage treatment plant. When the wind blew her direction, the smell would bring you to your knees. She didn't stay there long, but the owner was stuck with a hard-to-rent property, and there's no way he's moving into the house now that he knows about the sewer plant!

4) Is This Property Located in a Flood Zone?
Under Fannie Mae lending guidelines, this information is required to be in your appraisal. However, NOBODY is going to dissuade you from buying the property or living in it. Flood insurance costs money, and only when your irreplaceable personal belongings are destroyed will you fully understand that living in a flood zone is not such a good idea.

5) Is this Property Located Near Horse Stables, or Down Wind From a Pig Farm?
(Don't Laugh -- It happens more often than you think)

6) Who is going to pay to Upgrade this Property to City Sewer?
In Planning 101, my professor told the story of a community in Texas which was assessed by the local government for almost $10k per household to be connected. The city was willing to break it up into installments on the utility bill. How Gracious of them.

7) Is This House Non-Conforming According to the Zoning Code?
If so and your house is destroyed more than 50% by fire, flood or whatever, you wont be able to rebuild your house. Most lenders will not provide you financing if this comes up in your report, but please don't rely on that ok?

8) Is a Local Government Agency Planning a Highway Through My Backyard?
A new interstate highway is currently being planned through a large city in Florida. Although the property owners in the area probably know about it, do you think they'll tell you when you come to buy their house?

9) Please Give Me Three References of Previous Customers Who Have Lived in the Home for a Year or More
I have never asked this. But give it a try and see what happens

10) Is this Property Located Near a Low-Income Rental Community?
"I don't know anything about the surrounding property's characteristics" is a line you will hear repeatedly from new home "production" builders. You wont get a straight answer from leasing agents on this one either.

Most people look at newspapers and billboards for guidance when buying or renting a home. After answering the advertisement, you will then meet the owner or his/her real estate agent (if they're using an agent). However, it is not the job of the salesperson to ensure the value or your personal satisfaction with the property. Their job is to sell the property. Whether you like it or not, its YOUR job to look into locational issues. Believe me, you may end up with some very unpleasant surprises. In order to determine what a good location REALLY is you must do some research.

REMEMBER: Anything you haven’t researched before you buy will be a surprise after you move in or try to rent. Rarely are these surprises pleasant.

How Much would you pay for this information?
Well ask yourself, how much is it worth.
Below is the closing statement from a recent home sale
closing costs

That's right $6,544.40.
But that's only on the purchase, you lose money on the other end when you sell too. So let's just say that a bad location is going to cost you at least $10,000. Not including your aggravation. Also, this assumes you will actually be able to sell the house.

Now How much is this information worth to you?
You could pay $1,000 for this book and it would be a bargain if you avoided losing $10,000.

Are you a real estate investor?
If so, you will likely be renting this unit to somebody. A poor quality location will greatly impact the quality of your tenants and how they treat your property and pay rent. A poor location will also negatively impact your appreciation in the property.

I was initially going to sell this book on the internet for $199.00The information contained in it is worth way more than that. But I thought that would not be in the spirit of the internet and would cut out some people who cant afford that.

You can buy this information that will save you thousands of dollars and will show you how to build a great real estate investment using the my professional experience as a city planner and real estate investor for only $34.00. Considering the value of the information its a very good deal. I will e-mail your e-book with password within 48 hours. I will also give you a 100% money back guarantee before the end of the two week evaluation period if you are not satisfied with the book.