The world is a dangerous place, not because of those who do evil,
but because of those who look on and do nothing.

~~~ Albert Einstein



Monday, May 12, 2008

Selling your home?

I've mentioned before the case of a neighborhood in which a sex offender lives, and how others believe that his presence has lowered the value of their home. They've attempted to get their property taxes lowered based on the fact that the value of their house has declined.

I've even discussed a case with a friend where a group of neighbors have opted to sue their neighbor who is currently allowing a sex offender to live with them, because his presence has made it harder to sell homes in the family oriented neighborhood.

Some people will argue that having a sex offender move in next door doesn't effect the value of your home. That they've served their time and should be welcomed back into society- even if their new home sits in the middle of the homes of a dozen kids.

Well, now when you hear how these sex offenders don't effect anything- you can say bullshit.

One study found that a sex offender within one-tenth of a mile of your home makes your house sell for about 17% less than comparable homes without a sex offender in the neighborhood. If a sex offender is within two-tenths or three-tenths of a mile from your home, expect a 9% to 10% lower sales price. A separate study found that homes within one-tenth of a mile of a sex offender only sold for 4% less than comparable homes.