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07023 : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling0
  • Market Conditions1

Activity 4
Sun Oct 4, 2015
Debra (Debbie) Rose answered:
Yes, electrical towers negatively impact the sale of a home.
Homes in close proximity to high tension wires will definitely sell at a lower price point than homes not near them!

The amount of depreciation depends on just how close they are. The further away, the higher the sale price and the less of an impact.

Can you see them in the backyard ? Are the towers themselves visible or just the wires?
I would say if the wires are visible , but from a few blocks away, that's not such an issue.
It's when they (the towers) are in the back yard area or in clear site from the front that has the biggest negative impact on the sale price

I have had several listings over the years that were close to the wires - they eventually sold, but it took longer days on market, and they sold at very discounted numbers.
As far as buyers, I , personally, have never had one who would accept close proximity, even if the home offered more than other similarly priced homes away from the towers.

Ask a local agent to compare and contract sale prices for homes near the wires.

Good luck!!
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Thu Apr 25, 2013
Nadia Brunetto answered:
Hi Mia,
It's a project being conducted by PSE&G to upgrade the power lines in Fanwood, Scotch Plains and elsewhere. The power lines have always been there. As with all power lines, they're more visible in some areas than others, and they just run on an easement through the towns. They are not all over the place.

Here's information about the upgraded:


PSE&G Reliablility Project



http://www.pseg.com/family/pseandg/powerline/reliability_projects/north_central.jsp.
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Fri Sep 7, 2012
Scott Gleason answered:
Cindy,
The variables are great so you would do best to seek an answer customized to your circumstances.
Buyer's credit, proportion of down payment, property taxes, all make the cost of the mortgage swing by the hundreds of dollars. Here are some mortgage professionals who have pleased my family, friends and clients: ... more
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