Scandal and real estate prices often do not mix. So-called "stigmatized properties" sell at market discounts that depend on the type of scandal. Homes tainted by murder tend to sell poorly, but those associated with sex scandals don't do so badly. "If real-estate values were hurt for every house where the owners were unfaithful, we'd have a fire sale out here," said one expert who tracks these things.
Do you dare disclose if there was a murder or mayhem at the subject of your appraisal or listing? What are the professional and logistical challenges if there is a well publicized ghost on the property? Don't despair, help is here!
The page link below offers some creative marketing tools and advice for selling properties with an unsavory past.
Link: Field Guide to Dealing With Stigmatized Properties (NAR Information Central)#topica.
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