Profile picture for mohuan

Is it harder to re-sell if I buy a house that is by the main road and first house turn in?

I want to buy a small house for kids to go to school. The one is available is on the corner of a main road and local address. I would like to sell it after kids done with school but I am afraid it's harder to sell because of the location and noise.
  • July 16 2012 - Catalina Foothills
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Answers (9)

Hi,

Every situation is different. In Tucson, I would suggest pulling the traffic count data from the county, which I would be more than happy to assist with. Also, if you are getting concessions because of this downside, this can overcome that obstacle. Feel free to take a look at my profile and contact me for more information.
  • July 16 2013
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Yes, location, location, location is one of the MAIN factors in how sell-able a home is. HOWEVER, the price should reflect its location and so any difference when you sell it, should also be a difference when you buy it. You will buy for less and sell for less, so it isn't necessarily a loss to you. It depends on what your true long-term goals are for the property. There are several other options for sending your kids to a different school. A home (taxes, interest, possible PMI) is pretty extreme if you are not planning to live in the home.
  • July 18 2012
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Profile picture for Angela Newman
I'm trying to figure out if you are considering this house because it puts you in a particular school district that your children can go to school in or if there is another reason.  Are there other homes that you could consider in that same school district?  Perhaps you should find a qualified buyers agent that can look for that types of features and amenities that you and your family would find more valuable.  It seems that you obviously are not happy with the location. 

NOTE:  A home is not a pair of shoes, it's a HUGE investment and should be entered into very seriously.  Keep in mind there are plenty of investors who wished that they had considered every aspect before making a home purchase. 
  • July 17 2012
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The answer is usually yes, it is harder to sell homes on a main road.  However, that being said, you don't mention how old your children are or how many years you plan to live in the home.  

If this is the only home available in the school district you are looking to be in, your offer should reflect the main road.  I don't find a corner to be a problem.  It can always be landscaped and hedged in for privacy.  Some people prefer corners as they have only one neighbor, unless there is a house backing up to it on the other side.  

Good luck!
  • July 17 2012
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There are 2 things that could make it a slight more of a challenge to resell.  Busier street and corner lot.  However, if you get it at a good price, it should be all relative when you come to sell it.  Would it make a good rental, if you didn't get it sold for the price that you would like in the future? Remember that it only takes 1 buyer for a house.  Not everyone has to love the location.  
  • July 17 2012
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A house located on a busy street, especially a main road can certainly impact the saleability.  Having said that, if the house is right for you, don't rule it out.  Make your offer reflective of the busy location.
  • July 17 2012
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Profile picture for Joseph F Moore

You answered your own question.  You are obviously concerned about the busier road as will other buyers be when you go to sell it.  Nancy is right;  there is a home for everyone.  As anything in life you should consider the risk/reward.  If the home has everything you want and is close to the school then that may outweigh the busy road.

Maybe your able to buy the home for less cause of the busy road and invest that money into improvements that would make the home shine even more.

It's tough!  If it's not the right house and your worried than don't buy it.  Talk to your realtor or Nancy since she's in your area and weigh the pro's and con's.

Best of Luck!

  • July 16 2012
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Profile picture for SoCal Engr
It might be harder for you to sell later on (due to higher level of traffic), but that should also apply to the current seller. That means that your offer should take into account the traffic factor, same as an eventual buyer will do to you.
  • July 16 2012
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You have some valid concerns, however the house can sell itself. It
depends on the buyer.

It is good to expect the value would be somewhat below a home of
similar characteristics and be in an area with no traffic and noise.

There is a buyer for every home though.  A good price does help.

Let me know if I may be of any help to you.  Nancy Sell

  • July 16 2012
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