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What distance or time would you estimate residential buyers consider to be walking distance?
With environment concerns and costs of owning a car increasing, public transportation may be more important to residential property buyers. I live in the Washington, D.C. metropolitan area where bus, light-rail, and subway (cable car soon?) are available as public transport.
Throughout the country I hear about existing and new residential properties that are within walking distance of public transportation. But what really is walking distance today to the typical buyer of residential property in your local real estate market?
In your experience as a real estate professional or valuation specialist what distance or time would you estimate residential buyers consider to be walking distance?
What distance or time would you estimate residential buyers consider to be walking distance?
With environment concerns and costs of owning a car increasing, public transportation may be more important to residential property buyers. I live in the Washington, D.C. metropolitan area where bus, light-rail, and subway (cable car soon?) are available as public transport.
Throughout the country I hear about existing and new residential properties that are within walking distance of public transportation. But what really is walking distance today to the typical buyer of residential property in your local real estate market?
In your experience as a real estate professional or valuation specialist what distance or time would you estimate residential buyers consider to be walking distance?
Smart of licensees to not touch this one with a 10 foot pole.
I don't want to be the one telling the COPD victim that 100 yards up a hill is "walkable."
Etcetera.
I'd say, as an agent, that when I'm working with buyers that want that I ask them to define it. If it's a listing, I just say "close to", because I know very well that what's walking distance to me (both when I lived in the city with a toddler walking to the grocery store and now out here on the ranch) is a very different thing from what some people consider walking distance. Heck, in the city, I even walked a mile along a roadway with no sidewalks (apparently some people don't realize you can actually walk on the ground without concrete between you and it) with said toddler and a bag of groceries, many times, and I'm told by people that that route is "impossible" to walk. (Who knew? Glad I didn't!) Some people think walkable means "ride the elevator down and go into the ground floor on the building next door to shop".
It would be appropriate to give credit where credit is due, always. Don't they teach that in school any more?
Give me a break. How many jokes have you told in your life? How many jokes have you personally made up in your life? Have you given credit for every joke you have ever told to where you heard it from?
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