Why You Neighbors Sale Doesn't Matter! скачать в хорошем качестве

Why You Neighbors Sale Doesn't Matter!

#Sellingahouse #realestate #thekeringroup #finance #money "But My Neighbor Sold for $500k!" — Why Their Sale Price Might Be Meaningless for Your Home We’ve all seen it: the "Sold" sign goes up three doors down, the neighborhood gossip mill starts churning, and suddenly every homeowner on the block thinks they’re sitting on a goldmine. It’s natural to use a neighbor’s success as a benchmark, but in the world of real estate, assuming your house is worth exactly what theirs sold for is a dangerous financial game. The truth is, your neighbor’s sold price doesn't dictate your home's value. Here is why that "comp" might be leading you astray. 1. The "Only Buyer in the World" Phenomenon Real estate value is often driven by a specific match between a buyer and a property. Sometimes, a house sells for a premium because of a "unicorn buyer": They wanted to live next door to their aging parents. They specifically needed a five-bedroom layout for a multi-generational family. They were in a 1031 exchange and had to buy a property within a 45-day window, regardless of the price. If your neighbor found the one person willing to overpay for their specific backyard or kitchen layout, that doesn't mean a second "unicorn" is waiting around the corner for your house. If that buyer is gone, the market value for the rest of the street remains at the standard baseline. 2. Market Timing: The "Two-Week" Rule In a volatile market like 2026, interest rates can shift by 0.5% in a single month. Neighbor’s Sale: They went under contract when rates were at 5.8%. Buyers felt wealthy and confident. Your Sale: You list your home three weeks later, but a bad inflation report just pushed rates to 6.5%. Suddenly, the pool of buyers who could afford a $500k home has shrunk by 20%. Even if your house is identical to your neighbor’s, the macro-economic climate has changed the "worth" of the property in the eyes of the bank and the remaining buyers. 3. The "Invisible" Differences You see the same exterior siding and the same number of windows. What you don't see are the factors that actually drive the appraisal: Systems vs. Aesthetics: Your neighbor might have a 2-year-old roof and a brand-new HVAC system. You might have a 20-year-old roof and "original" plumbing. To a buyer and an appraiser, that’s a $30,000 difference hidden in plain sight. Floor Plan Flow: Two houses with the same square footage can feel entirely different. A "choppy" layout with small rooms is significantly less valuable than the modern "open concept" your neighbor might have renovated before selling. Lot Position: Is your neighbor’s backyard private while yours faces a noisy intersection or a power line? Location matters down to the square inch. 4. Concessions and "Shadow" Pricing The number you see on the public record (the "Sold" price) isn't always the "Net" price the seller took home. Example: Your neighbor sold for $520,000, but they gave the buyer $15,000 in credits for a new roof and paid $10,000 of the buyer's closing costs. The actual market value was $495,000, but the headline looks much higher. If you list at $520,000 and refuse to give credits, your house will sit on the market while buyers wonder why you're "overpriced." The Bottom Line: Every House is an Island Your neighbor’s sale is a data point, not a guarantee. A home is only worth what a willing buyer will pay and a willing lender will finance today—not what they paid three doors down last month. Before you put that sign in the yard based on neighborhood gossip, get a professional valuation that looks at the current buyer pool, not just the history books. The Kerin Group (813) 530-1996 REAL Estate - REAL Fun - REAL Community http://www.TheKerin.com   / thekeringroup   https://thekerin.com/why-your-neighbo... FOLLOW US ⇢ Subscribe!    / @thekeringroup   ⇢ Facebook:   / thekeringroup   ⇢ Instagram:   / kerinrealty   ⇢ Twitter:   / kerinrealty   ⇢ Google+: https://plus.google.com/u/0/b/1141369... For all your Tampa Real Estate Needs!! - http://www.TheKerin.com If you're relocating to Tampa or just visiting, be sure to check out our other channel for AWESOME food & fun! Go to http://www.FunTampa.com ⇢ Subscribe!    / funtampa   ⇢ Facebook:   / funtampa   ⇢ Instagram:   / funtampa   ⇢ TikTok:   / funtampa