Home Buying in Cumming>Question Details

nagshastri, Home Buyer in Allen, TX

How does the House value effect when it is very near to commercial area and near to a main road??

Asked by nagshastri, Allen, TX Mon Mar 11, 2013

We saw a house in a community on peachtree pkwy, since it is very near to main road and commercial area does it effect the resale value because we want to sell the house in 4 to 5 years??

Help the community by answering this question:

Answers

3
It totally affects the value. If you want to keep it for residential use, it's a negative. If you are buying it, thinking that the value is for commercial use, beware, because the commercial market is very complicated and there is a glut in that market with values way down.

If I can be of further help, please let me know.

Thanks,

Kathy
0 votes Thank Flag Link Mon Mar 11, 2013
Usually not well, but every situation is unique. If you have a particular property in mind give me a call and I would be happy to prepare a comparative market analysis for you to see what things look like.

Rick Musto, Realtor®, ABR®, SRES®
Managing Broker
Buckhead Home Realty
Serving the Atlanta Metro Area
Cell: 770-480-7699
Work: 404-419-1004
Fax: 770-783-3119
rmusto@BuckheadHomeRealty.com
0 votes Thank Flag Link Mon Mar 11, 2013
The house is in Sentinel Chase community. some one says that a new walmart store may come near to the community. we want sell the house after 5 years for a good price. that is the only concern.
Flag Mon Mar 11, 2013
Anything that can be perceived in a negative light may well affect value and eventual resale, nagshastri. This includes but is not limited to view, power lines, detention ponds, and a myriad of others. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
0 votes Thank Flag Link Mon Mar 11, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer