“I’ve seen many situations where external factors, such as living near a bad neighbor, can lower home values by more than 5 to 10 percent.”This really should not be surprising to anyone.
Think about some of the things that you may find annoying about your neighbors…disruptive or loud, a yard with absolutely no curb appeal, a home with obvious deferred maintenance, several nuisance dogs who bark constantly, etc.
Sometimes buyers will ask a question about the neighbors. I never met a seller who said they had a jerk for a neighbor. Nope, always the salt of the earth!
I often suggest buyers visit the neighborhood later in the day or over the weekend to see what it is like when folks are home.
When you are ready to sell your home, enlist your neighbors help, if possible. You want to make your home stand out.
Sometimes the one thing that makes your home stand out are your neighbors – for good or bad!