File this under old news, but it costs about 4% of the value of your home when a sex offender moves in nearby. Ouch.
Our whole job is to make finding and buying homes easier, but it’s the hard to classify homes that are a deal.
If you’re willing to do a little extra work (or you have a local agent who has actually been to all the homes for sale in your area), you can really score - Frank Llosa did a little digging and found that homes for sale with fewer photos sold for less:
And they sold more slowly (DOM is Days on Market, or the number of days the house was on the market before it sold):
(via ReAgent in Connecticut)
1. You’re thinking of selling your house and you want to see what similar houses have sold for. Lots of folks will give you a list of nearby properties that have sold, but with ShackPrices, you can actually see where they are. Is the more expensive one on a cul-de-sac? Is one right next to a busy road? You can see right away on ShackPrices maps.
2. You’re thinking of buying a house and you want to see what you can get for your money in a neighborhood. Set your price range, set everything else wide open, and zoom in on an area you’re interested in. Click on a few houses and see what they have to offer. Want a specific size or number of bedrooms? Set that and zoom in to see what that would cost. You might think that sites that just show you properties that are for sale can do this just as well, but, as Ardell at Rain City Guide points out, what’s on the market is not reflective of what sells on the market.
3. You want to spy on your neighbors. You watch the for sale signs go up, see the listing price, and it’s sold and a new neighbor moves in. You don’t want to rudely ask your new neighbor if they paid THAT MUCH, but you want to know. In fact, you have to know. It’s killing you. Use ShackPrices to zoom in on your house and see how much the creepy old man down the street got for his house and how much the new yuppie paid him.
