Eye Sores Affect Nearby Home Prices

By
Real Estate Agent with Coldwell Banker D'Ann Harper REALTORS® TX License #0566780
a dump site

Eye sores affect nearby home prices said Captain Obvious. Everyone has heard the three word phrase regarding real estate, location, location, location. There are good locations and not so good locations. 

The house about a half a mile from the dump may be nice and priced comparable to a similar home in a nice community five miles away, but the one nearest the dump will be a tougher sale and will not get a price like the home further away. 

See "Bumps In the Road to Selling Your Home" for additional challenges in selling a home and strategies to overcome the obstacles.

Eye sores affect nearby home prices.

Comments (13)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne I have seen in Waterbury CT about 30 years ago they covered up the dump with dirt and build a Condominium Project around it... go figure so it could have a huge upside maybe 30 years from now:))Endre

Apr 18, 2016 03:24 PM
Wayne Johnson

Endre-Some cultures take the long view. Unfortunately, I lack much culture so I can't wait thirty years for a turn around.

Apr 19, 2016 12:39 AM
Mark Don McInnes, Sandpoint
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

My goodness that is a bit of an eye sore.  lol  Were it not so late I would go back and show a picture of a two story high pile of tires that ended up directly in front of a listing of mine last year.  Did not fair well I must admit.  Mark

Apr 18, 2016 03:48 PM
Wayne Johnson

Stack of tires would be an issue. Happy to say that has not been one of my challenges.

Apr 19, 2016 12:40 AM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Wayne Johnson . There is an eyesore in Murfreesboro Tennessee that most folks call "Mount Trashmore". It now looms about 300 feet in height and covers God knows how many acres. It is getting bigger every day. Folks live in the area do wonder about their home prices.

Apr 18, 2016 06:16 PM
Wayne Johnson

At 300 feet and growing, it cannot be a positive for home values.

Apr 19, 2016 12:41 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Wayne. Eye sores definitely cause some to shy away! Those that don't want a bargain. Enjoy your day!

Apr 18, 2016 10:14 PM
Wayne Johnson

If the eye sore was there before the house, that's one thing. But when it comes in after, that is worse for the home seller.

Apr 19, 2016 12:44 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Wayne, a dump down the street from a beautiful listing would affect the sale.    The price will make all the difference.

Apr 18, 2016 10:40 PM
Wayne Johnson

Agree price and condition are the only lever the seller has to use.

Apr 19, 2016 12:47 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Wayne. No truer words have been spoken, but at some price someone will make the decision to live there.

Apr 20, 2016 09:48 PM
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Wayne, dumps, high tension power lines and some neighbors who don't take care of there property are definitely "eye sores"! and "Bumps in the road to selling your home"!

May 03, 2016 09:06 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good advice to share.

Have a great day and an outstanding week.

May 03, 2016 11:13 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Real estate is always about location. Not just a neighborhood but where in that neighborhood.

May 06, 2016 02:57 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Excellent thoughts Wayne.  The old adage of "location, location, location," is alive and well in real estate.

May 06, 2016 09:01 PM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Wayne, Eye sores absolutely affect home selling prices. A county dump will have a huge negative impact on the ability to sell any home within a short distance away. 

May 12, 2016 06:05 AM
Cara Marcelle Mancuso
Long Realty - Dove Mountain, Marana AZ - Tucson, AZ
Call a Marana neighbor, I'm THERE! LONG REALTY

I totally agree.  A horrible looking home or condition nearby can dramatically impact perceived value!

Jun 04, 2016 01:27 AM
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Yuk, not where I want to live.  However, if I owned a house near that trash pile I would keep in mind that at the right price anything will sell. Price, price, price

Jun 05, 2016 10:49 PM