#218649 - 04/10/08 02:53 PM
How Important is a Driveway?
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Junior Member
Registered: 04/10/08
Posts: 2
Loc: Boston, MA
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My boyfriend and I found the (almost)perfect single family house...the only problem is that it lacks a driveway. We aren't too concerned about parking because there are plenty of spots on the street, but we are worried about how it will impact our ability to sell the house when/if we should decide to do so. Our back up property is a condo that is 800 sq feet smaller but has a garage space. Can anyone offer some advice? Thanks!
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#218663 - 04/10/08 03:54 PM
Re: How Important is a Driveway?
[Re: HouseHunter08]
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Member
Registered: 03/13/08
Posts: 101
Loc: Ohio
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I am not licensed but I do know every market is different. Does the property conform to the surrounding neighborhood? Meaning, are all the houses in the neighborhood without driveways? If possible, look at comparables of sold homes in the area and try to find simular homes where one or more have a driveway and one or more do not. If you look at the sale price (all things being equal so time sold is a major factor) between the comparables, how much more is the market paying for driveways? There really isn't a cookie cutter situation.
If the property in question is the only one or very few homes do not have driveways, than this will definately lower the value compared to the others, all other things being equal. It also depends on the buyer. Is the buyer willing to pay the extra money that the market demands for a driveway? If having a driveway is no concern, then maybe the lower price is what is most important to the future buyer. The most important factor contributing to value of real estate is location, location, location, not always the improvements.
I know this doesn't answer your question but maybe it will help you find where to look for the answer. The problem though also is that markets always change so looking into the future is not the easiest thing to do.
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_______________________________________ I am not licensed. I'm just the average Joe.
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#218702 - 04/10/08 06:45 PM
Re: How Important is a Driveway?
[Re: super realtor]
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Member
Registered: 03/13/08
Posts: 101
Loc: Ohio
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Your broker or agent should be helping you with this. Since buyer representation is FREE and paid by the seller you should not be out there going it alone. I definately agree with this. While writting my reply I was thinking at the time assuming you have representation. I know what happens when I assume. 
_________________________
_______________________________________ I am not licensed. I'm just the average Joe.
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#218866 - 04/11/08 08:37 AM
Re: How Important is a Driveway?
[Re: jjohnson1985]
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Junior Member
Registered: 04/10/08
Posts: 2
Loc: Boston, MA
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We do have a buyers agent. Unfortunately he is neither proactive nor particularly helpful. My boyfriend and I have done 90% of the legwork. All our agent has done is call the listing agents for the places we want to see and then drives us to see them. On the rare occasions that he has suggested a property for us to see, it is never anything that meets our one non-negotiable criteria (must be .5 miles or less to the MBTA). We can go days without getting a response from him either via email or via phone and he never just checks in with us to see how things are. Most irritatingly though, after seeing a few places that we liked on a saturday and talking about making an offer, he dropped us off and told us that he was taking the next couple of days off to relax and that he would get in touch with us during the week. Basically, if we wanted to make an offer, it was going to have to wait until he was ready. Am I just expecting too much from an agent or is his behavior typical?
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#218881 - 04/11/08 09:32 AM
Re: How Important is a Driveway?
[Re: trush]
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Veteran Member
Registered: 10/14/07
Posts: 585
Loc: Outer Banks
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Is this the only agent you can find. Interview a few agents. get one that you like. The most trying part of your deal hasn't yet happened.
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#219328 - 04/13/08 02:03 PM
Re: How Important is a Driveway?
[Re: HouseHunter08]
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Member
Registered: 11/06/07
Posts: 275
Loc: Nevada
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My boyfriend and I found the (almost)perfect single family house...the only problem is that it lacks a driveway. We aren't too concerned about parking because there are plenty of spots on the street, but we are worried about how it will impact our ability to sell the house when/if we should decide to do so. Our back up property is a condo that is 800 sq feet smaller but has a garage space. Can anyone offer some advice? Thanks! while making out in the car, the added privacy of sitting in the driveway (as opposed to the street) is a definite benefit. since there are plenty of young, unmarried couples that have the desire to make out in the car, the demand/resale value issue should not be a concern.
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#219867 - 04/15/08 09:46 AM
Re: How Important is a Driveway?
[Re: Delicious Cake]
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Major Contributor
Registered: 07/27/06
Posts: 1523
Loc: Dayton Ohio
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It is always so interesting to read posts from another state.
I have only ever seen one property here without a driveway. It was the lowest priced listing in the area and still took almost 2 years to sell due to no off street parking.
I can't imagine a neighborhood of no driveways! My pet peeve is people parking in the street! My neighbor lost 3 mirrors last year from parking on the street. I was the only driver the fessed up and replaced it for him.
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#222144 - 04/23/08 11:57 PM
Re: How Important is a Driveway?
[Re: REODayton]
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Member
Registered: 09/23/07
Posts: 390
Loc: Plano, TX
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1. If you do not like the agent just fire him.
2. Everything is price, if you buy this property on good price you should be able to seell it later without losing money. All is matter of numbers.
3. A lot of times things does not depend of the buyers agent, it is very important how the listing agent works. If he can’t explain his buyers that this property is above the market so your agent is not be able to do anything.
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#222324 - 04/24/08 02:46 PM
Re: How Important is a Driveway?
[Re: HouseHunter08]
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Major Contributor
Registered: 01/27/07
Posts: 1725
Loc: USA
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We do have a buyers agent. Unfortunately he is neither proactive nor particularly helpful. My boyfriend and I have done 90% of the legwork the real work comes after the home is found(anyone can open a door and let you look at the place, but a true professional is there to truly guide you through the experience. years ago agents were needed to find the house, now buyers have access to the internet and that is where the houses are. i know that you could pick out a better house for yourself than i could pick for you. you are the one who truly knows what you like. All our agent has done is call the listing agents for the places we want to see and then drives us to see them. On the rare occasions that he has suggested a property for us to see, it is never anything that meets our one non-negotiable criteria (must be .5 miles or less to the MBTA). We can go days without getting a response from him there is the chance that there might not be any new properties that he feels meet your criteria either via email or via phone and he never just checks in with us to see how things are. Most irritatingly though, after seeing a few places that we liked on a saturday and talking about making an offer, he dropped us off and told us that he was taking the next couple of days off to relax and that he would get in touch with us during the week. Basically, if we wanted to make an offer, did you come out and say "i want to make an offer." i would bet that if he thought you wanted to make an offer he would have gotten the paperwork ready. i am guessing that there could have been some miscommunication on both parts it was going to have to wait until he was ready. Am I just expecting too much from an agent or is his behavior typical?
have an honest conversation with him, let him know how you feel. like any relationship, business or personal *communication is the key*.
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