Did you know that there's no legal obligation to disclose to potential buyers that a murder (or other 'psychologically impactful' event) occurred in a home when listing it for sale? According to THIS MSNBC article:
"Welcome to a macabre corner of American real estate, a legally gray,
emotionally black sector governed by a mishmash of varying state laws
that dictate whether agents must divulge that bad things went down in
what the National Association of Realtors calls 'stigmatized
properties.'"
"Only two states, Alaska and South Dakota, mandate
that sellers’ agents reveal whether a homicide or suicide occurred at a
listed home within the previous 12 months, according to NAR spokesman
Walter Molony. In Connecticut, Delaware, New Hampshire, North Dakota and
Oklahoma, if a prospective buyer asks about past bloodshed, real estate
agents must truthfully answer the question."
This last sentence really startled me, because the implication is that, in 43 states, the seller (and/or their agent) can flat out lie about something like this, even when asked directly by a potential buyer.
Tuesday, June 26, 2012
Subscribe to:
Post Comments (Atom)
Nice post
ReplyDeletefind out more