Sunday, August 31, 2014

Reason #2 Buyers May Dislike A Home

Some home buyers have a love-hate relationships with the properties they see. They either fall madly in love with a place, finding no faults, or are totally disgusted, even outraged that I would dare show them something so terrible. 
Sometimes, underlying a buyer’s rejection reaction are their own irrational expectations or other psychological quirks. But other times, there are hidden issues that can cause a gut reaction of hate toward a particular home.
Here is reason #2 I have seen buyers dislike homes.

2. Rumors.

Rumors around town about coming building, development and zoning changes to an area can make a home less desirable to buyers than you would expect it to be. Schools and commercial growth which might impact neighborhood parking, re-routed freeways and incoming subway and light rail lines are all items which get broadcast to the public years before they happen—and years before the plans are complete, sometimes rendering properties in the proposed path of development or re-zoning less desirable even though they don’t end up impacted by the final plans.
Additionally, rumors that a home is haunted or was the site of a crime have a history of putting the kibosh on buyer interest in a place. It’s not at all bizarre in some necks of the woods for an agent to offer a feng shui session, smudging or blessing as part of the closing bonuses for a property with a troubled past—or rumors of one.


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