why why why would they do this????

[cluvsdisney]

Maybe they are getting a real deal on the house they bought that will offset the hit they are taking on this house.

 

[crashbb]

I don't for one minute believe all the people who act like they have absolutely no interest in home resale values in their own neighborhoods.

It is not "being nosy" to care about something the affects the value of what is probably your biggest asset/liability.

Fair enough.

It is, however, very amusing to read the OP keep contradicting herself. She continually states that she doesn't really know them and that you couldn't possibly ask them a direct question because it would be "being nosy"; however, she appears to have no trouble asking other people about her neighbours and seems to know a lot of there personal information.

 

[cm8]

Fair enough.

It is, however, very amusing to read the OP keep contradicting herself. She continually states that she doesn't really know them and that you couldn't possibly ask them a direct question because it would be "being nosy"; however, she appears to have no trouble asking other people about her neighbours and seems to know a lot of there personal information.

It is their house and their decision to sell at what ever they would like too bottom line, it does not matter who likes it or not

 

[NikitaZee]

I don't for one minute believe all the people who act like they have absolutely no interest in home resale values in their own neighborhoods.

It is not "being nosy" to care about something the affects the value of what is probably your biggest asset/liability.

While you might not have "say," not having interest is foolhardy IMO.

Lot of NASTY people making NASTY comments on this thread!

Totally agree.

 

[luvmy3]

Fair enough.

It is, however, very amusing to read the OP keep contradicting herself. She continually states that she doesn't really know them and that you couldn't possibly ask them a direct question because it would be "being nosy"; however, she appears to have no trouble asking other people about her neighbours and seems to know a lot of there personal information.

I have read her posts and they do come across more as a nosey neighbor looking for something to gossip about, than a neighbor concerned with the value of her own home.

 

[scrapquitler]

They finished the dead end of our street with 7 houses, 1950 to 2100 square feet, 6 of the 7 sold for $425,000 before construction was complete. The last one is listed for $408,000, is 1996 square feet, and still under construction.
And on the other end of our street, is a foreclosure, 1700 square feet listed for $150,000. I don't understand how those 6 houses sold for what they sold for, but I sure don't see why that foreclosure is listed as low as it is.

Probably the bank has so many other foreclosures on their books they just want to get rid of it and sell it at a price that covers whatever was owed on it by the person who defaulted. The bank just wants to sell and get rid of it, they aren't worried about making a profit.

 

[Swan4Me]

our neighbors just put their home up for sale. we don't know them more than a wave in passing (they are a bit standoffish), so can't really ask, but they put their home on the market for $40k less than comps are selling for in my area (and what their realtor recommended as a price...yes, we did ask her when we saw her taking pics).?

Call the realator-really!
Tell her you want to know for reference when you decide to sell-get feedback from HER.
She may tell you they are looking for a bidding war-or a short sale-or they inherited $$$ and just want to dump the joint.

 

[phorsenuf]

Is it really going to make any difference to you why they are doing it. It is what it is. It's not like they're going to change the price because you don't approve. And really, it isn't your business as to why they are doing it.

 

[mickeysgal]

It is their house and their decision to sell at what ever they would like too bottom line, it does not matter who likes it or not

Sure, a neighbor that sells should not care who likes it or not - it truly is their own final decision - and there is nothing that a neighbor can do about a sale price of a home that isn't theirs. But you (the collective you) are fooling yourself in thinking that it is none of your business. The truth of the matter is that neighbors do and should take a strong interest in what sells in their neighborhood. The sales price of a home reflects on the general market value of each and every other house in that same neighborhood. I know I care about the houses in my neighborhood. It's foolish not to. I love it when people hear of a sale price of a house in their neighborhood and they bad mouth it with "they'll never get it" talk. I wish sellers that are shooting high every bit of luck and hope they get every penny they ask for. It only helps the market strength of the neighborhood, and therefore the value of my own home. Of course, when you need to pull strong comps for your own selling price or perhaps for a refinance, all of a sudden those that claim none of this was originally their business before are the first to point out to the strongest sellers in their neighborhood. They all of a sudden care when it directly affects them.

 

[phorsenuf]

Sure, a neighbor that sells should not care who likes it or not - it truly is their own final decision - and there is nothing that a neighbor can do about a sale price of a home that isn't theirs. But you (the collective you) are fooling yourself in thinking that it is none of your business. The truth of the matter is that neighbors do and should take a strong interest in what sells in their neighborhood. The sales price of a home reflects on the general market value of each and every other house in that same neighborhood. I know I care about the houses in my neighborhood. It's foolish not to. I love it when people hear of a sale price of a house in their neighborhood and they bad mouth it with "they'll never get it" talk. I wish sellers that are shooting high every bit of luck and hope they get every penny they ask for. It only helps the market strength of the neighborhood, and therefore the value of my own home. Of course, when you need to pull strong comps for your own selling price or perhaps for a refinance, all of a sudden those that claim none of this was originally their business before are the first to point out to the strongest sellers in their neighborhood. They all of a sudden care when it directly affects them.

But, if you have a lot of strong comps and one oddball one, it's not going to have that big of an effect. The banks will know as will the appraisers that it was more then likely a short-sale or other extenuating circumstances.

 

[mickeysgal]

But, if you have a lot of strong comps and one oddball one, it's not going to have that big of an effect. The banks will know as will the appraisers that it was more then likely a short-sale or other extenuating circumstances.

Absolutely. Or at least I would hope.

Unfortunately there isn't a whole lot of houses that do sell lately and the pickings are slim to none in some areas. We refinanced a second property that we have and all the immediate surrounding comps were short sales or simply nothing comparable. To appraise the house, they had to reach far beyond our immediate area (even into another county) which made for some very interesting rational as they were trying to equalize everything so that apples could be compared to apples.

 

[Swan4Me]

But, if you have a lot of strong comps and one oddball one, it's not going to have that big of an effect. The banks will know as will the appraisers that it was more then likely a short-sale or other extenuating circumstances.

I agree

One of my neighbors was a little"off" single woman-her house on outside is nice , but she ran out of money when building and just put shelves and curtains in her kitchen , instead of cabinets.
When My present neighbor bought it-he compltely gutted the kitchen and re-did the cabinets and counters-he bought it for a song.

 

[tlbwriter]

Wow, YOU don't want a sale price so low? I think that's something you get to not want when YOU sell YOUR OWN house. When its your neighbor's, it really doesn't matter what you want at all.

Actually there is nothing at all wrong with WANTING the houses in your area to maintain their value.

 

[SaraJayne]

I don't for one minute believe all the people who act like they have absolutely no interest in home resale values in their own neighborhoods.

It is not "being nosy" to care about something the affects the value of what is probably your biggest asset/liability.

While you might not have "say," not having interest is foolhardy IMO.

Lot of NASTY people making NASTY comments on this thread!

I have never ONCE thought about what my neighbors sold their houses for.

It's none of my business and has no impact on me. Am I curious? Sure. But it doesn't really matter what the selling price is.

 

[SaraJayne]

Your home is only worth what someone is willing to pay for it. It doesn't matter one whit what the house next door sold for.

 

[tlbwriter]

Your home is only worth what someone is willing to pay for it. It doesn't matter one whit what the house next door sold for.

That's very naive. You are apparently unfamiliar with "comps" (comparable houses used to set the value of your own home). If someone is borrowing money to buy your house (and let's face it, most people are), your house is only worth what the bank is willing to loan on it. And if comparable houses start selling for less, that means the bank will loan less for your house.

 

[SaraJayne]

That's very naive. You are apparently unfamiliar with "comps" (comparable houses used to set the value of your own home). If someone is borrowing money to buy your house (and let's face it, most people are), your house is only worth what the bank is willing to loan on it. And if comparable houses start selling for less, that means the bank will loan less for your house.

I'm not unfamiliar with them at all. I still don't care what my neighbors sell their houses for. It's their business, not mine.

But thank you for the thinly veiled insult.

 

[tlbwriter]

I'm not unfamiliar with them at all. I still don't care what my neighbors sell their houses for. It's their business, not mine.

You're welcome not to care. It doesn't matter to me whether you care or not. But it's still ridiculously naive to think it doesn't impact the value of your home at all.

 

[luvmy3]

Actually there is nothing at all wrong with WANTING the houses in your area to maintain their value.

Thats not what the OP said, she said she wants nice neighbors and a not so low asking price. She also knows what the comps are selling for in her area so she already knows what the value of the homes are. Sounds like she wants a higher asking price because she doesn't want some unsavory family to pick it up because its priced lower than the comps.
"I want" makes no difference when its not yours, that was my point.

 

[tlbwriter]

Sounds like she wants a higher asking price because she doesn't want some unsavory family to pick it up because its priced lower than the comps.

Wow... talk about jumping to conclusions.