Haunted Houses

Spooky OOky Homes. I was looking around to see where I might find haunted houses in the area. I found several where gruesome murders had occurred. Since I am precluded by law from stigmatizing a property I will not, cannot discuss these homes. Or Haunted ones. Go online you will find them.

Per Realtor.com “Stigmatized properties are homes where a real or rumored event occurred that didn’t physically affect the property but could adversely impact its desirability.” That is where the courts have said that by disclosing such information will put a home in such an unfavorable light the value is adversely affected, price goes down. Both for a seller or a tenant. Some examples would include homes that are haunted, where murders have occurred and someone has died naturally or by suicide. Serious illness, such as aids, cult activity and famous adulteries are also considered stigmatizing. I say if you need to know, talk with the neighbors.

So, keep in mind, these things do not need disclosed. How about you? Could you live there? I think there is a buyer for every home. I also think someone would pay a premium for that opportunity. Not me mind you however there is always a buyer willing to buy, cost is always the issue. Time is also an issue. If the home was in the news it can take longer to sell. The mansion where the Manson Murders took place reportedly took 20 years to sell however it sold for market value. Hmmm I think I would rather have bought the Playboy Mansion. Of course, the Playboy Mansion was about 20 times the cost however it does come with Hef. According to a 2000 study from Wright State University of stigmatized homes, these home tend to sell for 3% below value and take 45% longer to sell.

It was fun looking at the homes and reading the stories behind the “haunting”. Some were gruesome murders, I would just as soon not read those stories in detail. For me the funny ones were the bars where patrons and staff had seen visions. Could be the drink I think. Still makes me smile. Have a Happy Safe Halloween, Richie Rich

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