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What are Wal-Mart's effect on home sale values?

I currently live in a doublewide trailer built in '88 or '89. I am planning to sell and move into a house in town, however, the main reason for my moving is that Wal-Mart has began building a new Super Center in my backyard. Approximately one hundred and fifty feet behind my home will be the main entry. I am under the impression that a restaurant of some type will be directly out my back door. The Wal-Mart itself will be about three hundred to four hundred feet away, but still a visible eyesore. We are unsure what type of "wall" they will be building, but it won't be tall enough, whatever it is made of, to block passersby from seeing our back porch. We live in Livingston County, Michigan, in a bedroom community. Assuming the home is valued at around twenty thousand dollars, what are my chances of selling? Could I get more than the appraised value? Should I wait for the construction to finish before putting it on the market? Should I sell it myself, or use an agent? The property is a rental property. I pay four hundred and twenty five dollars in rent a month which covers all taxes. I pay for my own electricity, water, and gas. I expect this land to be sold in the future but I want to move before that happens, fearing that I will be forced to move the trailer with little warning or want to do as such. Meijers already has their property on the other side of the highway and most other companies are waiting to see how Wal-Mart does here before moving in. Being that this is a bedroom community, a lower valued home, like this trailer will sell quickly, that much I know. We are growing at an alarming rate, contrary to most places in the area. We live equal driving distances from Lansing, Ann Arbor, and Detroit.

Public Comments

1. u do know that walmart pay minimum wages to most of their workers right? so if u set ur prices higher than normal...u think these mimimum wages worker can afford ur home if u prices them high?
2. Well it seems that your property will have to be purchased by Wal-Mart or whoever has the rights to the development. Even if the current plans don't fit the need to use your property, eventually other large retailers are going to be moving in, and your property will be demanded. This means whoever wishes to buy your property, whether it be Wal-Mart or say Taco Bell for example, will pay you a nice premium on what your property is really worth. You may get a bid for up to $80,000 for your land. So your chances of selling are extremely high. Hold out for a little while, but not too long. You will see interest in your land increasing and when it starts to hit its peak, then sell. As for getting a real estate agent, that will be useless. You are in a situation where only a complete bonehead wouldn't be able to make this transaction.
3. definitively because it's a infrastructure that would pull more people to the area where you live is the same as when you sell a house closer to a Park or school they're more expensive I suggest don't sell it Rent it it's all paid off and you have the resource to buy another one or move without problem Rent it you would be making Money like MILK Good Luck
4. I'm not sure exactly how it would affect it completely but I will tell you my own personal feelings on it. I would love to have a walmart in walking distance. It would be annoying because of all the traffic caused by the walmart but there are some convinces. You might just have to wait for the special buyer that wants to have a walmart so close.