{"id":248,"date":"2020-12-18T12:30:37","date_gmt":"2020-12-18T17:30:37","guid":{"rendered":"https:\/\/artesiantitle.com\/blog\/?p=248"},"modified":"2020-12-09T14:04:32","modified_gmt":"2020-12-09T19:04:32","slug":"selling-stigmatized-homes","status":"publish","type":"post","link":"https:\/\/artesiantitle.com\/blog\/selling-stigmatized-homes\/","title":{"rendered":"Selling Stigmatized Homes"},"content":{"rendered":"<p><span data-contrast=\"auto\">Have you ever had that one house on the market for a while? That one house that just \u201cseems\u201d creepy to all buyers? The house that just has a bad reputation to\u00a0<\/span><span data-contrast=\"auto\">everyone?<\/span><span data-contrast=\"auto\">\u00a0Well, believe it or not there is a name for homes like that, and just like any other ho<\/span><span data-contrast=\"auto\">me put on the market, someone wants to sell it.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">These types of home listings are called stigmatized homes. According to\u00a0<\/span><a href=\"https:\/\/www.legalmatch.com\/law-library\/article\/duty-to-disclose-selling-stigmatized-property.html\"><i><span data-contrast=\"none\">Legal Match<\/span><\/i><\/a><span data-contrast=\"auto\">, \u201c<\/span><span data-contrast=\"auto\">A s<\/span><span data-contrast=\"auto\">tigmatized property is a home or apartment where there has been a suicide, murder, cult activity, AIDS, famous adulteries, or other misfortunes and crimes.\u00a0 Examples include the house that Nicole\u00a0<\/span><span data-contrast=\"auto\">Brown\u00a0<\/span><span data-contrast=\"auto\">Simpson was murdered in, which sold for much less than desir<\/span><span data-contrast=\"auto\">ed.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">For example, if someone was murdered in a home, that type of home will be considered a stigmatized home. In fact, there are many different types of stigmatized homes.<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">Types of Stigmatized Homes<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Montserrat\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Phenomena Stigmatized Home &#8211;\u00a0<\/span><\/b><span data-contrast=\"auto\">This is when the home<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">could possibly be haunted, ghost sightings have been spotted or any other type of spooky\u00a0<\/span><span data-contrast=\"auto\">or paranormal\u00a0<\/span><span data-contrast=\"auto\">incident that has taken place is this home.\u00a0<\/span><span data-contrast=\"auto\">Surprisingly, this type of information is required to be disclosed to potential buyers in many states.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Montserrat\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Murder or Suicide Stigmatized Home &#8211;\u00a0<\/span><\/b><span data-contrast=\"auto\">This type of stigmatized home is exactly how it sounds. It\u2019s when anyone has been mur<\/span><span data-contrast=\"auto\">dered or commits suicide in the home. This type of information is required to be disclosed to potential buyers in many states.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Montserrat\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Debt Stigmatized Home &#8211;\u00a0<\/span><\/b><span data-contrast=\"auto\">Some states require that outstanding debt from the previous owner be disclosed so that buyers can be war<\/span><span data-contrast=\"auto\">ned about potential\u00a0<\/span><span data-contrast=\"auto\">calls<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">visits\u00a0<\/span><span data-contrast=\"auto\">and potential liens\u00a0<\/span><span data-contrast=\"auto\">from creditors<\/span><span data-contrast=\"auto\">\u00a0if not paid.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Other types of stigmatized homes include any type of criminal activity that has taken place on the property such as drug dealing or prostitution.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h2><b><span data-contrast=\"auto\">How to Sell a Stigmatized Home<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">So, if you\u2019re a real estate agent taking on the task of selling a stigmatized home, your question may be &#8211; \u201cHow do I sell it?\u201d We aren\u2019t going to sugar coat it for you, it\u2019s definitely tricky but it can also be extremely profitable if you work hard and fol<\/span><span data-contrast=\"auto\">low a few simple steps.\u00a0 Today, we\u2019re disclosing five ways on what you can do to help\u00a0<\/span><span data-contrast=\"auto\">you\u00a0 sell<\/span><span data-contrast=\"auto\">\u00a0your stigmatized home listing.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Be Honest, When Asked<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">Spencer Peterson at\u00a0<\/span><i><span data-contrast=\"auto\">Curbed\u00a0<\/span><\/i><span data-contrast=\"auto\">says, \u201cThis is the number one rule.\u201d He also says that, &#8220;All ethics aside, hon<\/span><span data-contrast=\"auto\">esty is the best policy, because it&#8217;ll keep you out of the courtroom.&#8221; This is something extremely important to keep in mind as both the agent and the seller. In fact, many states require that you have to disclose past events that might devalue a property\u00a0<\/span><span data-contrast=\"auto\">and make it a stigmatized home. While being honest can get some in trouble, it always works out in the end.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Only Disclose What You Have To<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">While being honest is important, the key to that statement is to be honest,\u00a0<\/span><i><span data-contrast=\"auto\">when asked.\u00a0<\/span><\/i><span data-contrast=\"auto\">Some states do not require y<\/span><span data-contrast=\"auto\">ou to disclose the property\u2019s specific type of stigma. If that is the case, simply follow the rules and keep quiet, unless\u00a0<\/span><i><span data-contrast=\"auto\">asked.\u00a0<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Market It\u00a0<\/span><\/b><b><span data-contrast=\"auto\">As<\/span><\/b><b><span data-contrast=\"auto\">\u00a0An Opportunity<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">Who doesn\u2019t love creating a haunted house and profiting off of it? Another way to sell a stigmati<\/span><span data-contrast=\"auto\">zed property is to completely embrace it and market it as an opportunity.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Andrew\u00a0<\/span><span data-contrast=\"auto\">Schmeerbauch<\/span><span data-contrast=\"auto\">\u00a0at\u00a0<\/span><a href=\"https:\/\/listwithclever.com\/real-estate-blog\/buying-and-selling-stigmatized-property-an-in-depth-guide\/\"><i><span data-contrast=\"none\">Clever<\/span><\/i><\/a><a href=\"https:\/\/listwithclever.com\/real-estate-blog\/buying-and-selling-stigmatized-property-an-in-depth-guide\/\"><span data-contrast=\"none\">\u00a0<\/span><\/a><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"auto\">shares a story where the owner could have taken full advantage of a business opportunity with the notorious\u00a0<\/span><span data-contrast=\"auto\">LaLaurie<\/span><span data-contrast=\"auto\">\u00a0Mansion in New Orleans, Louisiana. \u201c<\/span><span data-contrast=\"auto\">LaLaurie<\/span><span data-contrast=\"auto\">\u00a0M<\/span><span data-contrast=\"auto\">ansion was the site of a depraved aristocrat\u2019s torture chamber back in the 19th century and is believed by some people to still be haunted. A businessman moved into the mansion recently and reported that it was a spectacular home with no apparent paranorma<\/span><span data-contrast=\"auto\">l activity. He did, however, report that the ghost tours that showed up every night and stood below his windows talking and taking pictures were \u201cannoying with a capital \u2018A.\u2019\u201d<\/span><\/p>\n<p><span data-contrast=\"auto\">While the nightly ghost tours might have been \u201cannoying\u201d to this businessman, do<\/span><span data-contrast=\"auto\">n\u2019t you think if he wasn\u2019t so\u00a0<\/span><span data-contrast=\"auto\">scared<\/span><span data-contrast=\"auto\">\u00a0he should have turned this into a business opportunity? Framing a home might be the best opportunity you have to counteract public perception.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Look\u00a0<\/span><\/b><b><span data-contrast=\"auto\">Into<\/span><\/b><b><span data-contrast=\"auto\">\u00a0Renters<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">Another thing to look into is renters to live in the stigmatized home. Oftentimes, renters won\u2019t really care since they are\u00a0<\/span><span data-contrast=\"auto\">renting<\/span><span data-contrast=\"auto\">\u00a0the home and don\u2019t have\u00a0<\/span><span data-contrast=\"auto\">a vested interest<\/span><span data-contrast=\"auto\">\u00a0at the end of the day. It\u2019s also much easier to sell a home when it\u2019s occu<\/span><span data-contrast=\"auto\">pied with the renters<\/span><span data-contrast=\"auto\">\u2019<\/span><span data-contrast=\"auto\">\u00a0items, and it\u2019s easier to say someone else has lived there since whatever incident may have happened.<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Give it a Little Refresh<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">Another way to sell a stigmatized property is to refresh it with a little face<\/span><span data-contrast=\"auto\">l<\/span><span data-contrast=\"auto\">ift! A few renovations an<\/span><span data-contrast=\"auto\">d cleaning can go a long way. Spencer Peterson at\u00a0<\/span><a href=\"https:\/\/www.curbed.com\/2014\/10\/31\/10028940\/randall-bell-tips-selling-stigmatized-property\"><i><span data-contrast=\"none\">Curbed<\/span><\/i><\/a><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">talks about an experience Randall Bell, who runs an appraisal firm specializing in real es<\/span><span data-contrast=\"auto\">tate damage economics, went through after selling a stigmatized home. \u201cBell once worked a case where, after a family had moved into their new home, the daughter found a bullet hole in her closet. The father proceeded to trace the path of the bullet back to<\/span><span data-contrast=\"auto\">\u00a0its probable starting point, in the garage, where he found &#8220;brain matter&#8221; below the water heater, where the previous occupant had committed suicide,\u201d says Peterson.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">As you can imagine, the family had never heard of this event prior to buying and moving i<\/span><span data-contrast=\"auto\">n. So<\/span><span data-contrast=\"auto\">,\u00a0<\/span><span data-contrast=\"auto\">they ended up suing the brokerage and previous owners. Which brings us to this: if you know of any sort of incident that has happened in your listing, check anywhere and everywhere to make sure \u201cbrain matter\u201d isn\u2019t left over. Do your part and clean u<\/span><span data-contrast=\"auto\">p with a little refresh!<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<h4><b><span data-contrast=\"auto\">Wait it Out? Or Convince the Buyer?<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/h4>\n<p><span data-contrast=\"auto\">Although you want this property off of your hands and your\u00a0<\/span><span data-contrast=\"auto\">sellers<\/span><span data-contrast=\"auto\">\u00a0hands, try convincing your sellers to wait it out a little bit if you haven\u2019t received any offers. By doing so, they (hopefully)<\/span><span data-contrast=\"auto\">\u00a0will not end up losing money.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">However, on the flip side you can convince buyers that stigmatized homes often come with a major discount.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Andrew\u00a0<\/span><span data-contrast=\"auto\">Schmeerbauch<\/span><span data-contrast=\"auto\">\u00a0at\u00a0<\/span><a href=\"https:\/\/listwithclever.com\/real-estate-blog\/buying-and-selling-stigmatized-property-an-in-depth-guide\/\"><span data-contrast=\"none\">Clever\u00a0<\/span><\/a><span data-contrast=\"auto\">give<\/span><span data-contrast=\"auto\">s<\/span><span data-contrast=\"auto\">\u00a0a great example on this, \u201cRemember the Heaven\u2019s Gate cult that committed mass suicide in a San Diego mansion 1997? Before th<\/span><span data-contrast=\"auto\">e newsworthy event, the property was worth $1.6 million but later sold for only $668,000. That\u2019s nearly a million-dollar discount because of some bad publicity.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">So are you ready to sell your next stigmatized home We hope these few tips help with getting y<\/span><span data-contrast=\"auto\">our ghosts and bad vibes out of the way for your potential\u00a0<\/span><span data-contrast=\"auto\">buyers.<\/span><span data-contrast=\"auto\">\u00a0Happy selling!<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever had that one house on the market for a while? That one house that just \u201cseems\u201d creepy to all buyers? The house that just has a bad reputation to\u00a0everyone?\u00a0Well, believe it or not there is a name for homes like that, and just like any other home put on the market, someone\u2026 <a href=\"https:\/\/artesiantitle.com\/blog\/selling-stigmatized-homes\/\">Read Selling Stigmatized Homes<span>&rarr;<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","footnotes":""},"categories":[272,385],"tags":[225,131,196,173],"yst_prominent_words":[202],"class_list":["post-248","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-housing-market","category-local-market-knowledge","tag-listing-presentation","tag-real-estate","tag-real-estate-agent","tag-sellers"],"_links":{"self":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/posts\/248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/comments?post=248"}],"version-history":[{"count":0,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/posts\/248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/media\/249"}],"wp:attachment":[{"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/media?parent=248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/categories?post=248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/tags?post=248"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/artesiantitle.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}