Hey what’s up everyone, so I want to talk a little bit about something no one in real estate wants to talk about - Stigmatized properties. A property can become stigmatized when a tragedy or misfortune has occurred that affects a home’s value for reasons that have nothing to do with the physical state of the structure.
There are a lot of ways a home can become stigmatized but most commonly, a death will stigmatize a property. For this video, we’ll look at natural and unnatural. A natural death typically won’t stigmatize a property but an unnatural one can. So how do you know if a property has been stigmatized due to an unnatural death, the property seller must disclose but they do not have to disclose natural deaths. Typically, when I see a home is being sold by a trust or probate, I ask just to make sure.
So the question, Is it a good deal to buy a stigmatized property? There are a lot of factors that go into that decision but from a monetary standpoint, the answer is yes. They generally won’t sell for market value. The rest of the equation is where I can help you make an informed decision. If you are considering buying a home, give me a call and let’s talk.
Jeffery Williams, Jr., Associate Broker
Resort & Second Homes Market Specialist RSPS
rCertified® Relocation Specialist
eCertified® The Next Generation
Brookfield GRS Broker Certification
Certified Red Book Contracts Specialist®
BHHS eTeam Member
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