What was once a decent foreclosure home is now damaged by graffiti.
Graffiti scares away real buyers.
Then you’re left with cash investors paying below market price.
This then lowers the price for the neighborhood.
Thanks for nothing.
Hope it was worth it.
Tags: Garage or Carport · Foreclosure · Phoenix Homes · Security Bars · Fixer-Upper · Graffiti · Vandalism & Theft
Leif Swanson
Residential
Real Estate Professional
Realty ONE Group
Phoenix, Arizona
The views expressed in this blog are solely my own. Any MLS or statistical information is believed to be accurate,
but should always be confirmed.
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7 responses so far ↓
1 Mark Henderson // Apr 29, 2011 at 5:48 pm
The punks ought to be shot. What is the point of that…. besides trying to prove to your other white, middle class friends that you have some ’street cred’? Go read a book. Or play outside. Or just stay home and bug your parents.
2 Picky // Apr 29, 2011 at 7:23 pm
I used to think that I would consider a house that had been graffiti-ed. Then I decided that I really wouldn’t be comfortable in a neighborhood where this could happen and no one called the police. I am sorry their values were pulled down, but if they had watched their neighborhood and called the cops, their value would still be up.
3 Hollis // Apr 30, 2011 at 5:29 pm
I doubt those hooligans really care about the prices of homes where they live.
4 Renata // May 2, 2011 at 5:09 pm
Why is this allowed to happen? Seriously! Doesn’t the bank care enough to properly secure things?! What do the banks get out of this - can anyone tell me this?!
5 Claire // Jun 25, 2011 at 10:29 am
When it gets bought, it lowers the comps, but when it gets sold again, hopefully it raises them back up, pretty healthily.
Yeah, I don’t get it about the banks either.
6 Lachlan // Aug 12, 2011 at 7:01 am
What’s the big deal about the tagging? Seriously, a little paint and some sandpaper is all you need to bring it up to scratch. You people are too fussy, no offense.
7 Joe // Oct 3, 2011 at 3:35 pm
It’s not fussiness - gang graffiti shows that gang members feel a connection to the house. Now, as a gang member drives by, which house is more likely to catch their attention - the one they’ve partied in, or the one they’ve never noticed before? Think they’ve had a chance to notice any security flaws while partying there? Do YOU want to guess whether anyone has hidden a gun or anything else on the property?
Forget to close a window? Leave your toys on the lawn? Finally get that nice car you’ve been wanting? Do YOU want gang members paying ANY extra attention to your home or family? I don’t.
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