Why is this home valued so low with a pool and a nice large yard w fence?
Another factor, in Tennessee a pool can actually lower the value of a home because it limits the potential buyer pool. Not everyone wants the liability of potential drownings or the maintenance a pool requires. A lot of things can affect the value of the home. Right now a big one in the news is the amount of foreclosures. If you’re not making a plan to move, don’t worry about what the value is today. A lot of data suggests we’re near the bottom, although it also shows a flat sideways crawl before turning back up.
