Your neighbor putting their house up for sale may not raise any red flags or concerns for you, however, as experienced Flower Mound real estate agents, we know there are some vital implications you should be aware of when a neighbor puts a “for sale” sign in his or her yard.
First, what can those touring the next door neighbor’s home or visiting at an open house see from the home they’re interested in? Whether from the front or back yard, a potential buyer can check out your home from a different perspective, whether looking at your paint job or trying to determine the view in regards to what you may be able to see inside the home that’s for sale, or what the buyers may be able to see. Perhaps you should attend the open house to view your own home from a potential buyer’s perspective? You could view your home in a much different light by looking at it from a different angle.
It’s important to be “real estate aware,” even when your home isn’t the one for sale. For example, if you’ve had issues with the current neighbor regarding a property line, broken fence, or even whose property a spectacular tree is on, you want to avoid these issues with a new owner. If there are concerns or you’ve had conflicts in the past, it’s in your best interest to let the seller’s agent know about them. You’re protecting yourself, and doing your neighbor a favor at the same time.
When a neighbor puts a home up for sale, there’s so much you can learn about the market. Not only can you glean information regarding the latest home design trends, but being knowledgeable about the neighborhood and how much homes similar to your own are selling for is good information to have. Sellers often continue searching, even after their home has sold, in order to stay on top of the market. It’s important to know what’s going on in real-time, and you can leverage the knowledge you’ve gained should you decide to put your Flower Mound home on the market in the near future. Ultimately, you can learn a lot when your neighbor puts his home up for sale, by documenting what you’ve discovered and nosing around!
At Team Nelson, our Dallas real estate professionals know it’s a good idea to be aware of what’s going on in the market, even when you’re not looking to sell anytime soon. You can collect valuable information regarding assessments in your town or changes to property taxes and, more simply, by talking with an agent – a wonderful resource should you decide to sell your home at a later date. Contact us today for all of your home buying or selling needs!