List of No No Words

[Zoe]

Churches are like schools in that they bring more traffic to the street at certain period of time. Appraisers have to decide if they're negative external obsolescence.
I remembered one homeowner was tired of parents parking on his street so he put barriers in front of his house to prevent outsiders from parking.
I didn't realize the problem until the owner complain. Some owners talk too much.

Okay. Can you prove that like whatever day of week is has negative impact on property values? Many places of worship have huge parking lots where there is no parking on street.

Your car will get towed if you park on the street. Signs will let you know that. It is called no Fernando parking zone.

 

[Fernando]

Okay. Can you prove that like whatever day of week is has negative impact on property values? Many places of worship have huge parking lots where there is no parking on street.

Your car will get towed if you park on the street. Signs will let you know that.

The house I was appraising was located at the dead end street to the school. It was a 2nd route to get into the school and street was not "made" to handle a sudden deluge of cars getting there.
Compared to other comps on quieter street away from school, my subject has external obsolescence which I wasn't aware until the owner complained about it.
Don't let your bias think schools and churches have no issues with homes nearby.

 

[Zoe]

The house I was appraising was located at the dead end street to the school. It was a 2nd route to get into the school and street was not "made" to handle a sudden deluge of cars getting there.
Compared to other comps on quieter street away from school, my subject has external obsolescence which I wasn't aware until the owner complained about it.
Don't let your bias think schools and churches have no issues with homes nearby.

Sir, if you can prove it in the market on external obsolescence then you are fine. I am telling you point blank that I have appraised as many places of worship as probably anybody in the bible belt in Memphis MSA. I have never seen negative external obsolescence on single family or commercial near a place of worship.

 

[djd09]

AI Overview



Living next to a church generally has a neutral to positive effect on home value, acting as an amenity that can enhance desirability and prices due to community presence, peace, and symbolism, though specific factors like noise (bells, events) and direct views can shift perception, with some studies showing a price bump for homes near places of worship, notes this Wall Street Journal article and this ResearchGate article.

 

[Zoe]

Hold on. I did see it one time on convenience store where they could not sell beer or liquor near a children's home. It was external obsolescence. They sold gas but not being able to sell alcohol beverages was external obsolescence.

 

[Dublin ohio]

During the morning and mid afternoon, the street becomes a traffic jam with cars double park and having to watch for kids crossing street. It slows you down driving to get out of school vicinity.
That's external obsolescence all appraisers should consider.

Slows who down. Like I said most residents are at work during school hours.

 

[Dublin ohio]

The house I was appraising was located at the dead end street to the school. It was a 2nd route to get into the school and street was not "made" to handle a sudden deluge of cars getting there.
Compared to other comps on quieter street away from school, my subject has external obsolescence which I wasn't aware until the owner complained about it.
Don't let your bias think schools and churches have no issues with homes nearby.

So the complaints of one owner sets the market for you and determines whether or not there is an obsolescence. Why am I not surprised

 

[djd09]

he is gone with his anti bible rhetoric...