NEIGHBOURS CAN BE CRUCIAL TO A HOUSE SALE – AND ADD

THOUSANDS TO THE PRICE

 

Good neighbours can speed a house sale, whilst bad neighbours can knock thousands off the price says Doncaster and Rotherham estate agent.

 

Good neighbours can help a house to sell, and boost its value, whilst bad neighbours can knock up to £12,000 from an average house price!

 

This is the verdict of Britain’s largest network of independent estate agents, the Home Sale Network, which has more than 730 selected members throughout Britain.  In a new survey, members were asked about the importance of neighbours to house sales – and house prices.

 

Almost three-quarters (73%) said that good neighbours can help a house to sell, with 10% observing that the good-neighbour factor can boost prices by up to 10%.

 

Only 17% reported that house-hunters don’t ask about neighbours.

 

The impact of bad neighbours on house sales is even greater, according to the Home Sale Network survey.

 

More than half (58%) of the independent estate agents said that bad neighbours can reduce house prices by up to 10% with a staggering 92% confirming that bad neighbours make it more difficult to secure a sale.

 

Neil Harrison of Johnsons, the local Home Sale Network member in Doncaster and Rotherham said:  “While we are all entertained by TV programmes about ‘Neighbours from Hell’ and the neighbourly factors in our favourite soaps, there is a very real neighbour issue when it comes to selling and pricing a house.

 

“Three quarters of our members (75%) say that house-hunters view ‘good neighbours’ as people who are quiet, tidy, and keep themselves to themselves.

 

“Only 7% of Home Sale Network agents say that house-hunters are looking for ‘life and soul of the party’ neighbours who are outgoing, welcome newcomers, and want to be friends”, said Neil Harrison.

 

An even smaller number (6%) of Home Sale Network estate agents find that house buyers want neighbours who will keep a watchful eye on the neighbourhood.

 

“This is a crucial message to both house buyers and sellers”, said Neil Harrison.  “With average house prices now exceeding £120,000 our members’ report means that neighbour factors can boost or reduce prices by as much as £12,000” he added.