Selling a house that is old or in an undesirable location for many is difficult. However, there is still a slim chance that it can still be sold. Sellers can lower the initial price offer or meet halfway with the remaining buyers that half-heartedly might buy your home. But selling a home where an unnatural death has transpired is hopeless to a certain degree.
CNN Money reports that a value of a home can fall to less than 10 to 25 percent of the initial assessed value or declared value because of a homicide or murder. Randall Bell says it is all about perception. The potential homeowner would not be comfortable living in a house that they know where someone was murdered. Bell is a real estate broker whose specialty is real estate damage valuation.
Bell adds that there are even other properties that totally lose its total value because of the horrific circumstances and end up being demolished. He was pertaining to properties that had high-profile deaths like that the home of the gunman at Sandy Hook Elementary School, Adam Lanza also O.J. and Nicole Brown Simpson's condo.
However this would depend on the state the home is in since there are states that implement stricter rules in disclosing the history of a home. California and New York are said to be the areas are very particular in implementing such rules.
Builder Online says that despite the fact that someone was murdered in a home that is put up for sale, there are still those that do not mind and purchase it anyway.
Samantha DeBianchi agrees to the statement about buyers who are fine with purchasing such a home despite the gruesome history. DeBianchi is a luxury real estate broker in Southern Florida.
She says that such purchases would depend on the personality of the potential buyer. She also shares of those buyers who find out about the murder and would not even dare or bother to go in.
What do you think about buying a home knowing that someone who used to live in it was murdered?
