3 Tips to Avoid Buying a ‘Haunted’ House

Anna Durrani  |   October 31, 2019

A wise real estate investor might tell you to think twice before purchasing a home that is stigmatized or is reputed to be haunted. While there is a buyer for every home, your clients should go into a purchase with eyes wide open. Here are some tips to ensure your clients know what they're getting into: 1. Share information on your state’s disclosure laws. Disclosure laws can vary by state. “A stigmatized property is a home that may be displeasing to buyers for other reasons besides its physical condition," Dana Bull, a real estate pro with Sagan Harborside Sotheby’s International Realty in Marblehead, Mass., told realtor.com®. A house with a reputation for being haunted house falls under that category, she adds. In many states, it's not mandatory to disclose a stigma like a suicide or crime that occurred in the home. "You can check with a real estate attorney in your state for the rules,” she says. 2. Check up on the home’s history. Has the house lost value? Is there something strange in its selling history? Have there been an unusual amount of repairs? “If it’s something [your buyers] are nervous about, ask!” Bull tells realtor.com®. (See Finding Your Home's History.") 3. Speak to neighbors. If buyers are concerned about potential stigmas, suggest they walk the neighborhoods they’re considering and strike up a conversations with residents who are walking their dogs.

Source: Realtor.com