While out looking for homes for my buyers, I have found the lower priced homes bank owned (REOs) and short sales to be either right under (well almost) or across the street or field from the TOWERS. The towers I am talking about are the (way tall electrical towers)... giving off that "frying" sound - day and night. I hear that the sound is even louder if snow sticks to the wires!
Weston Ranch (located in Stockton, CA) has some beautiful homes, some great deals but it has two intimidating - eyesores and "don't wanta live by" things going against it: The levy and the Towers.
Some buyers are willing to overlook these towers and simply do not want to talk about them and just keep searching for the "deal". What do you do as an agent? Do you smile inside and say "a smell a deal" or do you make sure you disclose that these towers are there, they are not going anywhere and aside from being an eyesore - they just may cause some concerns when its time for the resale?
Here are some of the concerns:
Health issues: Although there is a divide in the opinion on whether these towers are harmful to humans - there is no definite answer. What is the answer? According to the Real Estate Industry these towers are harmless to children and other living things, but according to scientists they just may be harmful to growing children. Another question is (and as research goes) what happens if research find out in the future that these towers are causing harm to humans and living things - what do you do at that point and how do you feel as the agent that sold that property to a family with children? Is it worth it to put your health at risk or even possible risk?
Intimidating view: These towers are tall and intimidating to most. If not now while you are looking, think about during a thunder/lightning storm!!
Undesirability: Will not rank among the desired places to live. If you can live in it now, what will you have to give up when you get ready to sell this property?
Price impacts: Give up smart buying for deal? Is a good deal more important than location, location... and resale value. These towers will more than likely reduce the property by 5-15% (Depending on where you live).
When I am out looking for properties for my buyers, I first ask myself is this a safe -real deal, is it something that is livable, should I even subject my clients to this property and then I ask myself (again)is it safe deal. All that electricity flowing through those loud wires, all that radiation (however small), the possibility that a severe storm may knock them down or fire or the possibilty that research may one day announce that these towers are not safe that they cause cancer or lukemia or some other risk illness or whatever else that can put someone at risk..... I shy away from them.
There is a bigger question: How do subdivisions get approval to build homes backed up to the towers? Where is the concern for our health, our children and our futures? Why put the temptation out there for some to jump at the deal?
Safety First.
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