Neighboring property impact on sale price

[Kumar Gaurav]

Hello,

There is a brand new construction for a duplex going on right next to my home. The new construction has very similar prototype as my house except that my home can be used as a triplex but the newer one is strictly a duplex.

Of course the newer home will have all the bells and whistles of a newer construction that my 15 year will not have.

I am thinking of selling but I am not in a rush and I 've been toying with the idea of timing my sale with the other property.

I personally think the listing price and/or sale price of the newer construction will positively impact the value of my property.

If I put my property on sale right away I feel I may not be able to reap the benefits of the neighboring new construction.

I personally I think if I put my property on sale exactly around the same time the newer construction goes on sale,it will help me sell my property at an optimal price.

I am interested to hear thoughts from other experienced members. I will appreciate your inputs.

Thanks