“I’m looking into buying apartments and I’ve heard brokers talk about A, B, C, & D areas. I think I understand, but can you explain?”
***ANSWER:
A, B, C, & D are subjective grades used to describe both location and property quality.
For location, here’s how I’d describe it. It’s a bit tongue in cheek, but it should help:
A- You’d be happy to live there
B- You’d feel safe there day or night
C- You’d feel safe during the day, but not at night
D- Don’t get out of the car
