Have you looked at your neighbors home and though, "There goes the neighborhood!" Before you were trying to sell your Champaign home your neighbors overgrown lawn, chipping paint and littered driveway may have been unsightly and annoying, but now there unkempt property is a hindrance to you selling your home. How can you expect to get your asking price when your neighbor's house is not a good selling point?

Here are a few actions you can take to make your neighborhood a little more presentable:

1. Your best bet is to start by being neighborly and simply communicating with them. You may uncover a problem that you can help to solve. Is your neighbor elderly or ill? Perhaps you could help out with lawn care or basic maintenance. You might even get other neighbors involved to lend a hand.
2. If you have an HOA, you can go to the president or governing committee. Most HOA’s have strict requirements for upkeep, and they take quick action to correct violations.
3. Call the city code enforcement. If your neighbors’ grass is knee high and they have a rusted out Chevy in the front yard, they are probably in code violation.
4. Use a fence or landscaping to hide unsightly side or back yards.
5. Some home sellers who are serious may offer to pay to haul off trash or try to work out another option to try to help the situation.

Another property de-valuer, especially in today’s economy, is the foreclosure. While it is true that you unfortunately cannot personally do anything about a foreclosed home in your neighborhood, you should be prepared to take a hit on your home’s appraisal value. As unfair as it is, it is a good idea to be aware of the home values in your neighborhood and what other sellers are listing their homes for. You may need to consider discounting your home or offering incentives to counteract the foreclosure.

Foreclosure is so commonplace now that it probably won’t affect people coming to your neighborhood – in fact, it may draw potential buyers. You just have to be ready to compete with the ‘bargain’ a foreclosure may present.

Have you been in a similar situation? Share your tips with us - we would love to hear them!

 

 

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