What to do about the ugly house next door

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You've found it at last--your dream home. It's the right size, the right price, the right neighborhood, the right everything.

Except, of course, for that eyesore next door. What do you do? Buy or walk away?
The Chicago Tribune's Mary Ellen Podmolik recently addressed this question in her article, "What do do about the eyesore next door."
Her advice?
First, try talking to the owner of the property with issues. Second, call the municipality which likely has ordinances that regulate a property's appearance.
If both efforts fail to bring results to the house's appearance, you can decide whether you can wait long enough for the house to change hands.
Reports Podmolik:


In the case of a boarded-up, vacant home, real estate agents also have become well-versed in spinning the positives to buyers, namely that one day it will be sold and rehabbed.

"People need to be told of the potential that's coming," said Jeff Parise, a Coldwell Banker agent in Chicago. "It's going to change hands too."

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