Thursday, May 10, 2007

Greenbelt Attraction

It's not for everyone but backing to a greenbelt is attractive to many home buyer regardless of the market. You may have to put up with people walking behind your home all the time, which means if you have dogs they might frequently bark and of course people can see right into your home if the window blinds aren't drawn reducing your feeling of privacy, but to many backing to a greenbelt is a better alternative to backing to another home.

Homes that back to the greenbelt in Firelight tend to sell better than other homes that back to another house. Case in point, 10709 Evondale St. This Shea Shenandoah model was listed last summer by yours truly. Unfortunately, the sellers had three dogs and would only accept showings if they were home to take the dogs out. That meant they turned down around 60 showings! And despite that obstacle, we still secured a purchase offer for a reasonable amount, but the sellers did not accept it and eventually the home went into foreclosure and became a lender owned property.

Well the home came back on the market on May 2, this time as a lender-owned home priced at $255,150 and it went under contract in just 6 days! This model, in good condition (without the reminders of the dogs), should sell for $265,000 or more but because the bank simply wants to recoup the majority of their sunk/lost expenses, it came on with an attractive price that would be more appropriate for a home that did not back to the greenbelt. Assuming the home was not brought up to good condition, the price is a reflection of the location, proving once again that backing to a greenbelt helps a home sell.

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