Stigmatized properties are places where an event, whether true or rumor, occurred which did not affect the property, but could make it less desirable. Negative events, such as murder, criminal activity, suicide, or even ghosts can make a home stigmatized. Former occupants with infectious diseases is also known to cause shun from buyers.
Stigmatized properties were only mentioned in the laws of 31 states as 2001. Disclosure concerning a stigmatised home was not required by most of those laws. Anything which may be damaging to the structure must be told to buyers, but superstitions, illnesses and such did not have to be shared.
When a state does require disclosure on stigmatized property, the seller can face problems. You may not have to share it, if the stigmata is simply a rumor. You may not even be allowed to tell if the former occupants had HIV, since the federal housing laws protects these people as though they were physically challenged.
In cases such as these, it is perhaps best to advise perspective buyers to look into the homes history for themselves. You should remember in cases such as murder or suicide cases that it is easy to find the truth. Looking into past news posts can easily help to find the story.
You should tell the buyer in cases like these. Since the new buyer can find out so easily, go ahead and inform them. If you were honest in your disclosure, they cannot come back later and walk away from the deal.
If your house has a bad story attached, check to see of your state demands you tell buyers. If it is a requirement, then you need to find out if the story is just rumored. Only then can make an intelligent decision whether or not to tell the buyer. One rule of thumb, if they ask directly, then disclosure is your best bet.
Stigmatized properties were only mentioned in the laws of 31 states as 2001. Disclosure concerning a stigmatised home was not required by most of those laws. Anything which may be damaging to the structure must be told to buyers, but superstitions, illnesses and such did not have to be shared.
When a state does require disclosure on stigmatized property, the seller can face problems. You may not have to share it, if the stigmata is simply a rumor. You may not even be allowed to tell if the former occupants had HIV, since the federal housing laws protects these people as though they were physically challenged.
In cases such as these, it is perhaps best to advise perspective buyers to look into the homes history for themselves. You should remember in cases such as murder or suicide cases that it is easy to find the truth. Looking into past news posts can easily help to find the story.
You should tell the buyer in cases like these. Since the new buyer can find out so easily, go ahead and inform them. If you were honest in your disclosure, they cannot come back later and walk away from the deal.
If your house has a bad story attached, check to see of your state demands you tell buyers. If it is a requirement, then you need to find out if the story is just rumored. Only then can make an intelligent decision whether or not to tell the buyer. One rule of thumb, if they ask directly, then disclosure is your best bet.
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