Why is this home a steal?

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Real Estate

What Is a Stigmatized Home?

Toxic mold is one of many issues that can stigmatize a house. Other possible stigmas include homes that have been the setting of a suicide or murder, felony, accidental death, or even the suspected presence of ghosts. Other bizarre circumstances can also influence potential buyers, because stigmatized houses often represent psychological rather than physical prejudices. Using a realtor to help you in your home search creates a avenue to discover a homes background so you aren't burdened by a stigma should you choose to sell the home in the future. Home inspections can also help you learn what is "hiding".

Disclosure laws vary by state, so if you wonder why you are getting a steal, ask the owner. The seller may be required to tell you only if asked. In other states, full disclosure requires that sellers inform buyers of problems even if they’re not specifically asked. Whether you are a buyer or seller, it will be worth your time to learn your state’s laws for disclosure.

Having proper representation is KEY.