You are asking a question in the wrong context. In other words, your question assumes that you have the ability to negotiate. In the current market, with too many buyers chasing too few houses, the typical multiple offer scenarios negates the negotiation power of the buyers. You can try to pursue the strategy of offering less due to the perceived bothersome traffic noise but I doubt if the seller will be sympathetic. After all, the seller bought there, lived there and, most likely, will tell you that the noise does not bother them. If you are the only one making an offer, you can stand your ground and insist that the proximity to the traffic demands a discount. If there is another offer(s) you will lose your leverage.
By the way, if the traffic is truly a bother to you, why buy there? You do realize, donâ€™t you, that the roads will be there and the traffic will be there when it is time for you to sell? The market conditions at that time might allow a buyer to negotiate a lower price from you. Between now and that time, you and your family will get to listen to the traffic noise.
As the seller, you know whether or not there is traffic noise â€“ and you know whether or not itâ€™s been an issue for you. And you have a pretty good idea that it WILL be an issue for many subsequent buyers. As clarified below, properties that are on the main road are usually listed for less than comparable homes inside a subdivision.
Is it possible you and the listing agent have differing opinions of the value based on its location? If that is the real purpose of this question, then perhaps you should be asking THAT question as a seller â€¦
Additionally, as stated below, since the market is so hot right now and inventory is so low, this will not be as much of an issue as when the market is slow or dead.
The new listing on Paseo Padre is very nice and listed at $499,888.
There is a home "pending" on Deep Creek very similar to this home listed for $575,000. and sold in approx. 8 days. Most homes are currently selling with multiple offers over asking price.
As the others mentioned, the real estate market is doing very well right now and there are a lot of buyers taken advantage of the low interest rates and low home prices. Experts are forecasting up to 10% increase in this years home values. So it's best to sit down and review all your options as well as your home wants & needs. And start your home search soon.
Feel free to contact anyone of us and see what we can do to help you.
~ good luck,
In a slow market there is less demand for a home located on a busy street, but when the maket has such low inventory, especially in Ardenwood (good Schools) where the demand is so high, buyers will willingly buy a home on a busy street.
You need to go to that area during the commute hours and see if the traffic and noise bothers you. If you have little kids, would there be a chance they could run out to the street? What is the noise level when you open the windows at night? And of course, depending on how the market is when you sell, it can effect the price you get for the house.
Hope that helps.