No Laws Requiring Disclosure of Deaths In Homes
The site DiedInHouse.com is a database of death records, pulling from multiple sources that document deaths in or on residential properties. For a fee, users can search the site to see if any death notices are connected to their address exists.
In most states, there is no law requiring home sellers or real estate professionals to disclose to a buyer that there was a death in a home. But this new website aims to give buyers the power to find out about deaths in homes for themselves.
It is harder to find things like this out than you think,” says Roy Condrey, who launched the site after his tenants told him they believed his rental property was haunted. Condrey says a deaths in homes can reduce the home’s value by 15 percent to 25 percent.
However, buyers may not be scared off by a home’s spooky past. In a newly released report, more than half of 1,400 home buyers surveyed say they would be alright with buying a “haunted” house. Thirty-five percent even say they have lived in a haunted house before. But they do expect a discount.
Thirty-four percent of respondents say that if they were to buy a “haunted” house, they’d expect a discount of 1 percent to 30 percent off the home’s market value; 22 percent say they’d expect a discount of 31 percent to 50 percent.
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