Industry News

Fences make the best neighbors

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

I pass by a house in the neighborhood that's been on the market for a few months. In spite of the beautiful décor, the house, which is tastefully done in a traditional shabby chic style, was pulled from the local MLS and has not sold. The Realtor sign remains in the ground in front of the property, causing endless speculation from the other residents in the area. Is it too small? Priced too high? No pool? Have the owners decided just to stay put? A crew arrives to take away the mystery. It's the only house on the street in its price range that doesn't have a fence or a gate, according to the neighbor. In the past few years, most of the other residents in the neighborhood have added a gated feature to their property. Do we gain privacy or security behind these gates or are the residents trying to send a message that somehow this house is so special it shouldn't be revealed from the street? Who are we keeping out? Does a potential buyer exclude a property because it doesn't have t...