So you see the house around the block that hasn't had it's lawn cut. There's rumors that the owner's haven't paid their mortgage in over 6 months! There seems to be a lot of stuff accumulating on the lawn. Maybe an abandoned car or 2.
You think, "it doesn't matter, it's on the next block, we can't see it".
Think again. Appraisers are now obligated to use houses on the market, under deposit AND closed within the last 6 month on their report. Once that not so nice property hits the market, it can effect your value for months to come. What do you do?
If you plan on selling any time soon, get your house on the market now! Price your home correctly and get it sold before other properties can affect your value!