One of the hottest of trends is the teardown. Prospective sellers of teardowns may favor an FSBO sale or using a discount broker because they want the maximum return from their asset or speculation. They’re aware that the value of the property is in the land, not the house, and they don’t want to have to go through a full service broker, with all that implies: open houses, print ads, showings - with 6 percent commissions.

Sometimes community groups and town fathers object to the whole teardown phenomenon. They say it can ruin the charm of a community by replacing lovely old homes with ostentatious McMansions. In Hinsdale, Ill., many of the old families and preservation advocates formed CHART, Citizens of Hinsdale Advocating Responsibility in Teardowns. Hickey is sympathetic to their aims (I grew up in Hinsdale,” he says), but he thinks groups like CHART should focus on the kinds of buildings that go up in place of the demolished homes and institute building codes to prevent McMansionization.

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