HomeMy WebLinkAbout970722.tiff04/01/97 16:06 44303 443 3989 COL. LANDBABE
imo01
Colorado Landmark, Realtors®
2334 Broadway Boulder, Colorado 80304 (303) 443+3377 FAX: 303/443-5989
April 1, 1997
Dean & Ann Mimbassi
4414 WCR #5
Erie, CO 80516
Dear Dean & Ann,
In response to your question concerning a neighbor on your street placing a mobile home on
their property as an accessory dwelling unit, and your concern as to how this action might
effect the property values of your home and neighborhood, I would make these comments and
observations.
M a Realtor in Colorado for the last eight years I have shown malty hundreds of prospective
Buyers a multitude of properties covering live counties including yours, Many of these people
have purchased and closed on homes through me, that count also being in the hundreds.
Generally speaking, mobile homes are not considered to he Real Estate by themselves, but are
considered personal property. They can be bought & sold separate from land and in those oases
don'trequire a licensed Realtor. More impel taut than that, however, is how the public
perceives a mobile home and how it would effect the marketability of your home and how it
would effect value.
Having the mobile home in your neighborhood would have a definite negative effect. In most
oases, prospective Buyers would pass on your neighborhood because of it's presence. This
would severely limit the number or prospective customers ( the market share) which would
substantially lower your homes value.
The problem is two fold. pirst, there is the immediate public perception which in most eases is
negative, This perception will diminish the value of your home and the neighborhood in their
mind. If they still wanted to put in an offer, it would be much lower than what it would be
without the presence of the mobile home. Second, and this is more likely, they will pass on
your home and neighborhood all together. I've even had potential Buyers pass on a
neighborhood that is next to a neighborhood with mobile homes. What happens here is that the
days on the market is considerably lengthened, which cart create a "what's wrong..." stigma
which will ultimately lower it's selling price, not to mention the potential economic hardship to
the owner created by a house that just won't sell,
Exclusive Affiliate of Sotheby's International Realty
970722
04/01/97 18707 5909 443 3080 COL. LANDMARK
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My advise to you would be to try to preventthis situation from oCCuning. If your neighbors
wont an additional dwelling unit t would suggest that they fmd a mobile home park as a site, or
consider building a regular addition or guest house on their property.
Sincerely
twin Ivlachrness
Broker Associate
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