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Haunted house? Be afraid of falling prices

Posted by: In: Real Estate 29 Oct 2014 Comments: 0 Tags: , , , , , , , , , , ,
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Photo: Robert Korner

A spooky history can devalue a home by up to 20 per cent, according to new research from Move with Us. The survey of estate agents found that 83 per cent felt that a home with a scary history could cause a property to lose up to a fifth of its value.

Potential homebuyers can be spooked by the stigma of past events, which might include a home being built on top of a graveyard, a former crime scene or rumours that it is haunted. As a result, while your house price may only slip slightly, it can be twice as difficult to sell the home compared to a normal property.

Robin King, Director, Move with Us, commented: “A house with a chequered past can come with a stigma attached to it, particularly to those who live locally and have pre-conceptions of the property. With this sort of property, buyers often put in a lower offer or will use the history as a bargaining tool.

“For anyone looking to sell a home with a spooky history there are still a number of things that you can do to help sell the property for a higher price. Presentation really is everything and giving the property some serious curb appeal will help get viewers through the door as well as dressing the home in a way that creates an aspiration for a certain lifestyle.”

UK, House Prices

Source: The Movechannel

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