Bad Neighbors Can Decrease Property Values courtesy of Realtor.org

I came across this article and thought that many of us could benefit from it. While making improvements and keeping our house in good condition is vital when resale time comes around, the truth is that many buyers wont even consider buying your house if your neighborhood is not well kept. So take the time to drive around your neighborhood and stay current with your HOA plans. Trust me, it is in your best interest.

Bad Neighbors Can Decrease Property Values
Daily Real Estate News | Thursday, January 31, 2013

A bad neighbor can bring down the value of a home, possibly by even up to 10 percent, according to the Appraisal Institute.

“I’ve seen many situations where external factors, such as living near a bad neighbor, can lower home values by more than 5 to 10 percent,” says Richard L. Borges II, president of the Appraisal Institute. “Home owners should be aware of what is going on in their neighborhood and how others’ bad behaviors could affect their home’s value.”

What qualifies as a bad neighbor — or “external obsolescence” in appraisal speak? Home owners with “annoying pets, unkempt yards, unpleasant odors, loud music, dangerous trees and limbs, or poorly maintained exteriors,” according to the Appraisal Institute.

The organization recommends home owners take action. For example, banding together with other neighbors to approach the “bad neighbor” together and check if the home is violating any municipality codes or subdivision restrictions that you can report. In some cases it may be worth hiring an attorney. “If all else fails, the cost of an attorney likely will be less than the home’s potential loss in value,” according to the Appraisal Institute.

Source: The Appraisal Institute

This month in real estate – What motivates sellers?

The numbers are in! Home sales continue to increase from previous years and low interest rates are bringing more and more buyers eager to find a good property. Whatever motivates you to sell, having a professional on your side is very important. Before you list your home for sale with a real estate agent you should interview several of them and find the best fir for you and your family.

Seller Secrets

When it comes to selling your house, you probably want to get the most money you can in the least amount of time, with the least amount of hassle.
To help you create the best pricing strategy, Keller Williams has compiled research and advice from industry experts to give you the very best answers to the most common issues that sellers have to face: the first one, and probably the most difficult to tackle, price.
After countless hours of research and transactions KW experts found that pricing a house for sale correctly from the start is one of the most important factors in ensuring that the house sells quickly and for the highest price possible.
In this video, we’ll explore how the market determines price, the value of improvements, alternative pricing strategies, and what it takes to make the most of changing market.
If you or anyone that you know wants to sell a home in Cobb county (Marietta, Smyrna, Vinings, Kennesaw or Acworth) and is interested in finding how much money their home is worth, call or email me, I will welcome the opportunity to help you with no obligation and no pressure, just a friendly conversation.