Some folks don't care an I've appraised homes literally under Godzilla poper lines and hanging over major highways....but the majority do care.
Everything has a price, determiine the loss in value due to the noise and adjust downward. Just remember, you're likely buying a marketing challenge that you will deal with later on.
Your concerns about resale are legitimate. House location/setting is one of the most important features and can't ever be changed. When resale time comes you would be forced to make your asking price adjusted to reflect this less desirable feature.
If the investment side of your home purchase is important to you, make sure you get this house at the right price or walk away.
Ask your agent to provide information on other homes sold in the area recently that had same issue, sales price and days on market (!).
If you don't have an agent, I will be happy to learn more about your situation to see if I can assist you.
Veronika Barash, RealtorÂ®
CERTIFIED SKILLED NEGOTIATOR
REO & SHORT SALE CERTIFIED
CERTIFIED MARKETING SPECIALIST
Atlanta Housing Market Conditions & Trends
Keller Williams Realty Consultants
695 Mansell Rd. Ste 120
Roswell GA 30076
Based on everything else available, is this really the best choice for the price.
That's the resale question you face as the future owner of a stigmatized property.
Good luck getting showings at the highest and best price when your time comes to sell it.
Location of a home definitely makes a difference, especially when you have other similar homes to choose from when making a purchase decision. In the instance you describe it will limit they type and amount of buyers when it comes to resale....so be sure if this is the home that you desire that you buy it right upfront and not depend on circumstances changing down the road.
In regard to night noise you can count on traffic levels being high from about 5 P.M. until approximately 8 P.M. as GA400 is heavily travelled...very similar to the 5 and PCH.
Realtor, Keller Williams Chattahoochee North
It is a personal preference when it comes to location. Like you, there are some people who may not mind it, and others who won't even look at the house because it is near a busy road. Same with swimming pools. If you really like the house and can live with the "noise" then why not put an offer. Talk to your agent, hopefully you have hired a REALTOR, and have him/her pull up the comparable properties in the area that have sold recently and base your offer on that. It is also wise to see how long the house has been on the market, that's an indiciation of whether or not people have an interest, the longer on the market the less desireable the property is. In this case, backing up to GA 400. Also, if you have seen this property recently, the trees still have leaves on them which will cut down on the noise, so when the leaves fall, there may be less of a barrier, until next spring.
Best of Luck you will love it in Cumming...
Ken D'Ademo, Assoc. Broker
Keller Williams Chattahoochee North
I would stay away, unless you are really stealing it. There are too many properties out there that don't have this issue.
This market is a lot more sensitive to road noise issues that other parts of the country.
Katherine L. Morrison, Realtor
Team Realty Group
Rick Musto, Managing Broker
Buckhead Home Realty