Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Zillow Group Inc    ZG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Zillow : When Selling a Home, the Neighbors Matter

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/21/2017 | 12:14am CEST

Getting on the guy next door's good side can be an essential part of your sales strategy.

Few sellers consider their neighbor's home when preparing to sell their own. Why would they? Their biggest concern is getting the soon-to-be-listed home painted, cleaned, landscaped and sporting great curb appeal.

But all that effort could be for nothing, if just one of your neighbors doesn't care much for appearances.

Imagine that you've spent time and energy weeding the front yard, painting the front door, power-washing your siding and planting flowers. You've updated the kitchen and bathrooms and de-cluttered the home. You're ready to go to market.

And then, when you step across the street to look at your home, all that stands out are the beat-up cars in your neighbor's driveway, the torn-up lawn, the barking dogs, and the overall negative curb appeal (or in this case, 'curb unappealing').

If you find the neighbor's home unappealing, imagine your potential buyer's first impression. The fact is, your neighbor's unsightly property can diminish your own house's curb appeal, no matter how much you've done to improve it.

The good news is, you have options - you'll just have to plan ahead a bit. Here are some steps you can take to ensure your neighbors don't cost you money when you sell your home.

Build good relationships

Even if you don't have a plan to sell now, it's good practice to maintain a friendly relationship with the neighbors. You never know when you'll need them.

It's not uncommon for issues to come up during a sale. Problems regarding fence repair, retaining walls or easements can often bring a neighbor into your home sale process.

Having a good relationship with your neighbor from the beginning will help to ensure their cooperation when you need them at a critical time in the home sale.

Keep them in the loop

If you plan to sell your home in the near future, it's a good idea to give the neighbors a heads-up well in advance.

You may have the occasional nosy neighbor, but also people simply like to be 'in the know.'

If you think you'll need assistance from a neighbor for whatever reason, it will be easier to approach them if you've given them notice. Knocking on their door to tell them you're selling and then requesting their cooperation right away won't help.

Offer to pay for improvements

It will be difficult to ask your neighbors to reseed their lawn, pull their weeds, change their fence or paint their door to help your sale. Ask them to pay for it, and you can expect resistance.

If you need your neighbor to do some curb appeal work to help your sale, the money should come out of your pocket.

On top of that, you can't force the neighbor to use your landscaper, painter or contractor, even if you're paying for it. It's their home, not yours, and you need to tread lightly.

Although many neighbors will appreciate the offer to spruce up their home on your dime, others may be hesitant. Bullying them to work on your timeframe or within your rules won't help, and it could backfire once your home lists publicly.

With luck, a home sale can proceed smoothly without the need to involve neighbors. But if you hope to sell in the future, understand that your neighbors' cooperation may be necessary.

If you plan in advance, open the doors of communication and offer to make things easy, you're more likely to get what you want.

Ready to put your home on the market? Check out our Home Sellers Guide for tips and resources.

Related:

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.

Zillow Inc. published this content on 20 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 March 2017 23:14:06 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ZILLOW GROUP INC
12:04a BABY BOOMERS : Here's How to Sell Your Home to Millennials
03/24 MANSION MADNESS 2017 - ROUND 3 : Pick Your Favorite Luxury Home
03/24 ZILLOW : Building the BLOCK Project to Help the Homeless
03/23 ZILLOW : Homes in Short Supply as Home Shopping Season Kicks Off
03/22 ZILLOW : Spectacular Solariums and Sun Rooms Let in the Light
03/22 TRULIA : U.S. Home Inventory Hits Record Low Since Housing Market Began Turnarou..
03/22 ZILLOW : 5 Predictions for Renters and Home Buyers in 2017
03/21 30-Year Fixed Mortgage Rates Fall Below 4 Percent; Current Rate is 3.99%, Acc..
03/21 ZILLOW : When Selling a Home, the Neighbors Matter
03/20 MANSION MADNESS 2017 - ROUND 2 : Pick Your Favorite Luxury Home
More news
Sector news : Real Estate Services - NEC
03/20 Hansteen to sell German, Dutch industrial properties for $1.4 billion
02/28DJFinTech Firm Broadridge Financial Moving to Booming Newark, N.J.
02/23 Britain's Intu Properties hikes full-year dividend
02/10 News Corp's adjusted profit edges past analysts estimates
01/31DJCBRE : Correction to Story About Property Demand in Italy
More sector news : Real Estate Services - NEC
News from SeekingAlpha
03/23 DEUTSCHE BANK : Zillow's lender leads drawing scrutiny
03/10 ZILLOW : An Overly Sanguine Hedge Fund Call
02/28 QUANTITATIVE LITIGATION-BASED STOCK : An Event-Driven Investment Thesis
02/28 Aussie Hedge Fund Goes All In On Zillow; We Are Short
02/14 Zillow upgraded to Buy at Stifel
Advertisement
Financials ($)
Sales 2017 1 048 M
EBIT 2017 103 M
Net income 2017 -22,8 M
Finance 2017 183 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 172,67
EV / Sales 2017 5,69x
EV / Sales 2018 4,40x
Capitalization 6 142 M
More Financials
Chart ZILLOW GROUP INC
Duration : Period :
Zillow Group Inc Technical Analysis Chart | ZG | US98954M1018 | 4-Traders
Full-screen chart
Technical analysis trends ZILLOW GROUP INC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 38,8 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Spencer M. Rascoff Chief Executive Officer & Class I Director
Lloyd D. Frink Vice Chairman & President
Richard N. Barton Executive Chairman
Amy C. Bohutinsky Chief Operating Officer
Kathleen Philips CFO, Secretary, Treasurer & Chief Legal Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ZILLOW GROUP INC-7.43%6 142
CBRE GROUP INC7.02%11 385
COSTAR GROUP INC10.68%6 801
REA GROUP LIMITED5.74%5 862
JONES LANG LASALLE INC4.26%4 766
KENNEDY-WILSON HOLDING..2.44%2 413
More Results