Many factors are involved determine what is best interest of buyer.

a) Distance
b) Noise
c) DOM
d) History of home
e) Price per sq. ft.

In some areas of Dallas homes are sold quickly off busy street EXAMPLE: Preston in Highland Park, University Park areas.

Happy assist you.

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Aj,You have seen some of the answers BUT. We all earn the first and most important thing in Real Estate is
Location, then Location and lastly Location.

What will happen with this street in the future? What will happen with you in the future? How is this home priced when you compare it to similar "bricks and sticks"? How is it priced when you compare it to a similar piece of land? Do you have small children or animals.
Someone will by this some and some one will buy it in the future, it needs to be priced right now and needs to be the right location for you. If it fits go for it.

Margaret

Aj,

Your question "Should we consider busy a home off a busy street like Independence in Plano?" is truly subjective. The answer depends upon Price, are you getting a steal of a deal? Are you preparede to pass a steal of a deal onto another buyer? Will this home be an investment for you - short term or long term?
When I am advising my clients, we take into condition location. Hopefully your Realtor will advise you accordingly.

Best Wishes.
Nicole Arenas, Realtor
WDR

AJ,
You have to know that 90% of the buyer pool walked away in Plano from that home over the location against a busy thoroughfare like Independence, and 90% of your buyer pool will walk over location when it's your turn to sell that house. There are exceptions. Just this year, I had a home listing that backed to Legacy Drive and it sold in 42 days. It was a stone's throw from the Legacy Business Corridor (home to JCPenney, EDS, Frito-Lay, Cadbury-Schwepps, Ericsson, and other corporations). It was also pristinely clean and well staged (a demand I made to take the listing), and it had an oversized lot and pool in the backyard, with a 10 foot board-on-board cedar fence. I wish I had 50 more listings just like that one.

On the flip-side, I sold a home in Plano that backed to Legacy (as you can see, word gets around when an agent is successful in selling homes with location issues) that took over 400 days to contract. This home was empty. The owner was a corporate relocation who left DFW, but the owners were selling the home with direct reimbursement from his company when it sold. The carpets were clean, but aged. The house was 1990's construction, but looked a little lived in. No furniture was left behind to stage the home. And, it also had a pool, but it took up the entire backyard and had only a standard 6-foot fence behind it. Because my marketing was able to drive showings through the home, the seller held too firm on price reductions and the listing dragged on. At the 1-year mark, the owner finally went to my price comps and we were under contract in just under 50 days.

You won't find agents sugar-coating the purchase of a home they can't sell in a reasonable amount of time. We always have resale in the back of our mind when working with any buyer. Rule #1 is location, so unless condition and price are a big enough incentive to overcome the first rule, I wouldn't do it.

One more example, I was looking for a home in the North Dallas suburbs in 2006 when I sold my Frisco home. I fell in love with a home in Plano, but it backed to a small cemetery. As a Realtor, I had to walk away. It was tough. I really liked this home and proximity to my office and the schools. I had to consider the resale and put rule #1 where it belonged. I purchased a builder spec home in Prosper instead, and we're really happy with the decision.

Have a blessed day!
Ronda



Ronda Allen - Realtor, Life Coach, and Certified Purchasing Manager
CEO of comingsoonhomes.com
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RE/MAX Dallas Suburbs-Keith Dobbs Team
#1 office and #3 Team for RE/MAX in North Texas at mid-year 2009 http://www.keithdobbs.com

Hi AJ,

Very few buyers want the noise of a busy street like Independence over their back fence. A very few buyers will trade not having another house over the back fence for the noise. You may be one of those few. However, you should consider the investment value of these homes. When you are ready to sell a property like this, there is a much smaller pool of buyers willing to purchase this house. You must be willing to accept less than the market value of the same house that doesn't back to Independence. As much as $10,000 less. Are you getting a great deal now. You will have to pass your savings on to the next buyer and be wiling to wait longer to sell this property than another home in a better location. Location, Location, Location is and always will be the first rule of real estate.

A secondary factor with homes along Independence is that you are probably considering a home that has a west facing back yard. In Texas, that is a lot of heat trapped in the back yard when you are most likely to want to use it.

Aj,

This is a commonly asked important question on Trulia.

The location of a home is one of the most important criteria for home buyers today....locations near airports, railroads, major highways, landfills, industrial areas, etc may be available to you at great savings but the best way to view this is when it comes to you selling this home in the future, you will probably need to pass on the same type of value to future buyers.