So had a client initially make an offer on a property, have it agreed to verbally, only to rescind and lower it after wanting to take a second look and saying;
“being an electrical engineer I made a pretty concerning discovery this time around. I noticed the house is next to powerlines. The right of way for the power lines runs adjacent to the property line. We did not notice this the first time around. This unfortunate location will negatively impact any type of resale value. As a matter of fact, properties by power lines often lose 10% to 40% of their market value. Also, even with the discount some properties just sit there endlessly due to lack of interest from buyers. Now being a bit more versed into the power world than the average buyer I can see beyond it, hence why we’d still be interested in the property. However, with the lack of resale ability the most we’d be willing to pay is ****. We hope this sits well with the seller, as we hope he understands we’re really taking a risk 95% of buyers wouldn’t.”
No one I’ve spoken to directly can confirm any of this. I figured I’d try here and get a broader opinion.