Powerline in Stonebridge

[ocrenter]

[quote=familyguy]During the boom you could put one of these houses in the middle of a landfill and someone would have bought it….[/quote]

so true…

[kkun]

Thanks for your inputs- very helpful.

I’m inclining toward low balling to 800k. No harm if it doesn’t work out.

I like Calabria and don’t find one that’s at 800k. Toll Brothers will ofcouse be lot nicer, but at least a million for a view lot which is too high for me.

Keep your thoughts coming.

[kkun]

Thanks for your inputs- very helpful.

I’m inclining toward low balling to 800k. No harm if it doesn’t work out.

I like Calabria and don’t find one that’s at 800k. Toll Brothers will ofcouse be lot nicer, but at least a million for a view lot which is too high for me.

Keep your thoughts coming.

[kkun]

Thanks for your inputs- very helpful.

I’m inclining toward low balling to 800k. No harm if it doesn’t work out.

I like Calabria and don’t find one that’s at 800k. Toll Brothers will ofcouse be lot nicer, but at least a million for a view lot which is too high for me.

Keep your thoughts coming.

[kkun]

Thanks for your inputs- very helpful.

I’m inclining toward low balling to 800k. No harm if it doesn’t work out.

I like Calabria and don’t find one that’s at 800k. Toll Brothers will ofcouse be lot nicer, but at least a million for a view lot which is too high for me.

Keep your thoughts coming.

[kkun]

Thanks for your inputs- very helpful.

I’m inclining toward low balling to 800k. No harm if it doesn’t work out.

I like Calabria and don’t find one that’s at 800k. Toll Brothers will ofcouse be lot nicer, but at least a million for a view lot which is too high for me.

Keep your thoughts coming.

[kcal09]

Power lines in near proximity are definitely a deal breaker for many potential buyers. It is one thing if you have a home in the $500 k range near power lines. But if you have to shell out >$800k then buyers become much more selective.
I would not consider a home that directly abuts high tension/transmission electric lines. No matter what the savings. And I would likely pass on any home that was within several hundred feet of the aforementioned.

[kcal09]

Power lines in near proximity are definitely a deal breaker for many potential buyers. It is one thing if you have a home in the $500 k range near power lines. But if you have to shell out >$800k then buyers become much more selective.
I would not consider a home that directly abuts high tension/transmission electric lines. No matter what the savings. And I would likely pass on any home that was within several hundred feet of the aforementioned.

[kcal09]

Power lines in near proximity are definitely a deal breaker for many potential buyers. It is one thing if you have a home in the $500 k range near power lines. But if you have to shell out >$800k then buyers become much more selective.
I would not consider a home that directly abuts high tension/transmission electric lines. No matter what the savings. And I would likely pass on any home that was within several hundred feet of the aforementioned.

[kcal09]

Power lines in near proximity are definitely a deal breaker for many potential buyers. It is one thing if you have a home in the $500 k range near power lines. But if you have to shell out >$800k then buyers become much more selective.
I would not consider a home that directly abuts high tension/transmission electric lines. No matter what the savings. And I would likely pass on any home that was within several hundred feet of the aforementioned.

[kcal09]

Power lines in near proximity are definitely a deal breaker for many potential buyers. It is one thing if you have a home in the $500 k range near power lines. But if you have to shell out >$800k then buyers become much more selective.
I would not consider a home that directly abuts high tension/transmission electric lines. No matter what the savings. And I would likely pass on any home that was within several hundred feet of the aforementioned.

[sunny88]

The health aspect of power lines is an inevitable issue in buying a home, especially if the property is near a “drop zone.” Whether there is sufficient evidence to support contentions of health risks associated with living near electric towers is not the point here. Rather, it is consumer perception that will always prevail, and if a buyer entertains such health concerns, he will have second thoughts about buying a home that is adjacent to power lines.
The “eyesore” factor and the extent to which it comes into play will depend on how attractive the other features are. Some buyers may be willing to overlook the power lines near the home he is buying if he sees more important benefits such as good schools, quality construction, unique features, or even great neighbors. It is a trade-off exercise dictated by buyer preferences.

Lastly, how difficult is it to re-sell a house near electric towers? Well, the owner/seller knows exactly what issues will be encountered by potential buyers, having been a buyer himself. Health. Cosmetic. Additional concerns such as value and length of marketing time will have to be taken into consideration, and sellers should be prepared. Expect that there will be buyers who will pass on this house for concerns stated above, and it may stay on the market for a longer period of time, consequently putting a downward pressure on the price.
This home is nicely upgraded and could probably sell for $900k at a different location without the power lines. I agree, that you should try a low ball offer in the high $700k even. I doubt that anybody will pay the asking price.

[sunny88]

The health aspect of power lines is an inevitable issue in buying a home, especially if the property is near a “drop zone.” Whether there is sufficient evidence to support contentions of health risks associated with living near electric towers is not the point here. Rather, it is consumer perception that will always prevail, and if a buyer entertains such health concerns, he will have second thoughts about buying a home that is adjacent to power lines.
The “eyesore” factor and the extent to which it comes into play will depend on how attractive the other features are. Some buyers may be willing to overlook the power lines near the home he is buying if he sees more important benefits such as good schools, quality construction, unique features, or even great neighbors. It is a trade-off exercise dictated by buyer preferences.

Lastly, how difficult is it to re-sell a house near electric towers? Well, the owner/seller knows exactly what issues will be encountered by potential buyers, having been a buyer himself. Health. Cosmetic. Additional concerns such as value and length of marketing time will have to be taken into consideration, and sellers should be prepared. Expect that there will be buyers who will pass on this house for concerns stated above, and it may stay on the market for a longer period of time, consequently putting a downward pressure on the price.
This home is nicely upgraded and could probably sell for $900k at a different location without the power lines. I agree, that you should try a low ball offer in the high $700k even. I doubt that anybody will pay the asking price.

[sunny88]

The health aspect of power lines is an inevitable issue in buying a home, especially if the property is near a “drop zone.” Whether there is sufficient evidence to support contentions of health risks associated with living near electric towers is not the point here. Rather, it is consumer perception that will always prevail, and if a buyer entertains such health concerns, he will have second thoughts about buying a home that is adjacent to power lines.
The “eyesore” factor and the extent to which it comes into play will depend on how attractive the other features are. Some buyers may be willing to overlook the power lines near the home he is buying if he sees more important benefits such as good schools, quality construction, unique features, or even great neighbors. It is a trade-off exercise dictated by buyer preferences.

Lastly, how difficult is it to re-sell a house near electric towers? Well, the owner/seller knows exactly what issues will be encountered by potential buyers, having been a buyer himself. Health. Cosmetic. Additional concerns such as value and length of marketing time will have to be taken into consideration, and sellers should be prepared. Expect that there will be buyers who will pass on this house for concerns stated above, and it may stay on the market for a longer period of time, consequently putting a downward pressure on the price.
This home is nicely upgraded and could probably sell for $900k at a different location without the power lines. I agree, that you should try a low ball offer in the high $700k even. I doubt that anybody will pay the asking price.

[sunny88]

The health aspect of power lines is an inevitable issue in buying a home, especially if the property is near a “drop zone.” Whether there is sufficient evidence to support contentions of health risks associated with living near electric towers is not the point here. Rather, it is consumer perception that will always prevail, and if a buyer entertains such health concerns, he will have second thoughts about buying a home that is adjacent to power lines.
The “eyesore” factor and the extent to which it comes into play will depend on how attractive the other features are. Some buyers may be willing to overlook the power lines near the home he is buying if he sees more important benefits such as good schools, quality construction, unique features, or even great neighbors. It is a trade-off exercise dictated by buyer preferences.

Lastly, how difficult is it to re-sell a house near electric towers? Well, the owner/seller knows exactly what issues will be encountered by potential buyers, having been a buyer himself. Health. Cosmetic. Additional concerns such as value and length of marketing time will have to be taken into consideration, and sellers should be prepared. Expect that there will be buyers who will pass on this house for concerns stated above, and it may stay on the market for a longer period of time, consequently putting a downward pressure on the price.
This home is nicely upgraded and could probably sell for $900k at a different location without the power lines. I agree, that you should try a low ball offer in the high $700k even. I doubt that anybody will pay the asking price.

[Author]

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