Is Guadalajara Grill Moving Down the Street?

Being The Nicest Home On The Block

June 9, 2008 | By Kelley Koehler | Filed Under Home Selling

A quick note on a busy day:

Being the nicest home on the block is really not the best thing in term of your home’s value.

Think about it this way: would you rather pay for a $200k home in an area of $100k homes, or would you rather buy a $200k home in an area surrounded by $400k homes?

The fancy name for that is the Principle of Regression: basically, all the homes around your home are either helping you or hurting you. So if you’re the best home around, every one else is keeping you down!

And a nice desert vista from North Tucson:

tags: market value, real estate, tucson

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