Keeping and Eye on Neighborhood Homes for Sale When Selling Your Home

Keeping an Eye on Neighborhood Homes for Sale when Selling

You probably appreciate how important it is to evaluate a neighborhood before you decide to buy a property; but do you realize how important it is to keep an eye on neighborhood homes for sale when you’re selling?

There are a number of reasons why you should watch out for houses for sale in your neighborhood when you decide to sell, all of which are likely to have an impact on your home for sale. 

Why You Should be Aware of Neighborhood Houses for Sale 

The houses in your neighborhood, and the people who live there, will be two of the most important factors that potential buyers will look at when they are searching for real homes for sale. While they will also be assessing services in the neighborhood, including shops, banks, schools, parks, and elements like safety and security, other houses in the area always make a big impact. 

If you have a home for sale at this point in time, it’s going to be very important to make it look good from the outside. If you don’t maximize curb appeal, buyers may decide they don’t even want to go inside. That is understandable; but the shocker is that if your neighbor’s house looks a mess from the outside – or even the house a few doors away – this can also put people off buying. 

And if neighborhood homes for sale look shoddy, it’s inevitably going to affect their selling price. Even if your home for sale at the same time looks stunning, a buyer can use the lower selling price of your neighbor’s “dump” as a negotiating tool to bring down your price. 

Another important reason to keep an eagle eye on neighborhood homes for sale is to monitor what they actually sell for. For instance if houses for sale in the same neighborhood are fetching good prices, you may be able to match the price for a fast sale. If a badly kept house sells, you need to know what the selling price was. 

Unfortunately when neighborhood homes for sale have been rented out, outward appearance and general maintenance often do affect the eventual selling price. But once the house has been sold, and new owners move in and start to renovate, the prices of other houses for sale in the neighborhood are likely to go up. Predicting this possibility might mean waiting a little longer to sell your home for sale at this point, but it may well be worth the wait. 

Thinking of Selling? Let me Help You - Take a look and see what your neighborhood homes are selling for.