SEBPOG Homes Already Slammed with Decreased Value

If you don't believe your home's monetary value isn't going to be adversely effected by the massive multi-year Taylor Morrison project, directly behind you - think again... In fact, its already happening!

Let's face it, there's not too many buyers that are going to stick around, as soon as they here the words "there's a large housing development going In directly in back of this place..." or even as it is now: "they are going for a rezone, to build a large housing complete in back with +320 homes".  Buyers who are coming down for peace, quiet, and even security... will immediately start to look elsewhere! Hardly no one is a fan of the monotone bulldozer tune: "beep beep, beeeep."

So, where does that leave SEBPOG owners? Well, lets take these options one at a time:

1.  We can wait it out. Hopefully, they will give us our stinking wall, but we will have to grin and bear it for all those months before it goes in. We will have to put up with the blowing dirt, the dirty roofs, the constant low vibrations from gigantic earth moving equipment, the beeping, yada yada yada... Then hopefully, once the site is elevated, the wall can be built... Ahhh - perhaps then, a little quieter and safer on this side of the wall, and more buyers may be interested in your home as it is better isolated and protected from the madness.


2.  We can sell out now on the cheap. That's right, we can bail on this whole nightmare before it even gets going - but there's a catch - we have to sell at bargain basement rates. That's great news for multiple house owning landlords, who might want the "back row" of Sorrento East to become an entire string of rental houses... Not so good for the neighbors across the street who can then deal with a never ending series of unknown people coming into the neighborhood for short periods of time, and probably without a lot of care for the greater community. Party time!!!  

 Sounds good, huh? I know, it sucks. And don't think if you're just across the street with a view of the jobsite, you're going to fair much better on the "For Sale" market - you won't. Sure, you're a tier down from those directly on the border, but you're no way safe...

How much can we expect our homes to drop during all this? Some estimators state, around 30%. Ouch... that's a serious number, but it reflects the true and dire nature of the problem, as far as buyers are concerned. We're just not that attractive right now... even if your house is pretty as hell - you're home's got an STD, unless this thing is voted down (unlikely), and or until it's relatively complete (5 years into the future). Hey, does anybody in the neighborhood have a spare "flux-capacitor"?