Tuesday, October 25, 2016

Do you have to disclose if a house is haunted? And other Chilling Real Estate Facts!

Do you have to disclose if a house is haunted? And other Chilling Real Estate Facts! 

By Emilio DiSpirito www.EmilioDiSpirito.com

Haunted Homes - Do You Need to Disclose Home is Haunted When Selling?

When listing and selling a home, does the seller, real estate agent or Realtor have to disclose if the home is haunted or has a history of murder or suicide? 

  • Believe it or not, it is NOT required for a Realtor to disclose if a home is haunted, if someone was murdered in the house or if there was a suicide that took place. 
  • A Realtor or real estate agent is REQUIRED to to refer buyer or person in question to the property authority/resource for information. 
  • If someone does ask, the Realtor can NOT lie when asked, but again is not required to disclose. By referring the consumer to the appropriate authority, an agent is NOT dodging the question - it is deflecting the question to the appropriate source. 
  • Suicide, history of haunts and murder are not related to the real estate itself which the agent is hired to market. 
  • Keep in mind, if a seller is willing to disclose, and Realtor wants to disclose, it may be disclosed. 
  • If agent is representing a buyer, and an occurrence is known, it is best practice to disclose to buyer so that they can investigate further in terms of theory comfort level. 

Does the history of murder, suicide or a home with the reputation of being haunted effect the value of the property?

  • While some consumers do feel it affects the value of a property, it is NOT related to the real estate itself. 
  • A consumer study by Realtor.com shows that more than half of American's would live in a residence with the reputation of being haunted. 

Shop for haunted homes! www.MyDreamHomeNow.com

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Rules apply in Rhode Island and may vary state to state. Contact your local real estate broker to find out! Information deemed reliable but not guaranteed. 






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