Haunted House? Buyers Don't Mind if it's Priced Right

Written by Posted On Thursday, 24 October 2013 16:48

Spirits, ghosts, apparitions and even the occasional flying or levitating object may not always dissuade a home buyer. A survey conducted by Realtor.com indicates that
there is a tolerance among home buyers for the unexplained when it comes to a home they like. Not without concession of course, and the main one is price. Survey results reveal consumer thresholds for purchasing haunted houses for sale vary, but most expected discounts when buying haunted houses for sale.

“When purchasing a home, buyers want to know what they are getting into and that includes anything potentially spooky,” said Alison Schwartz, vice president of corporate communications for Move Inc., which operates realtor.com. “Our data reveals that while the majority of consumers are open to purchasing a haunted home, many buyers conduct research on a home’s history to be aware of any weird incidences. Additionally, realtor.com data finds that while some respondents are willing to purchase a haunted home at a discounted price,  many say levitating objects, ghost sightings and objects moving from one place to another would deter them from purchasing a home.”

Sentiment regarding a haunted home purchase:

• 26 percent indicated they would consider purchasing a haunted house for sale
• 36 percent might consider a haunted home purchase
• 38 percent would not consider a haunted home purchase

Consumer experiences with haunted real estate:HauntedHouse_Infographic

• 51 percent heard about someone else’s haunted home experience
• 35 percent lived in a home they suspected to be haunted
• 25 percent have researched a home’s history to find out any eerie past incidents

Most popular warning signs a home could be haunted:

• 61 percent thought a cemetery on the property could be an indication
• 50 percent thought homes over 100 years old could be haunted
• 45 percent considered quick transitions in owners could be a sign
• 45 percent believe that an unexplainable low price on the home is alarming
• 43 percent suspected homes in close proximity to a battlefield could be haunted

Of the respondents who would consider purchasing a haunted home, many indicated that they would expect  discounts on a property:

• 12 percent would pay full market value or more for a haunted house for sale
• 34 percent would purchase a haunted home if it were discounted 1 to 30 percent
• 22 percent would purchase a haunted home if it were discounted 31 to 50 percent
• 19 percent would purchase a haunted home if it were discounted 51 percent or more

Among the respondents who would contemplate purchasing a haunted home, the following spooky occurrences would scare them away:

• 75 percent, levitating objects
• 63 percent, objects being moved from where they were placed
• 63 percent, ghost sightings
• 61 percent, supernatural sensations
• 61 percent, flickering lights/appliances
• 60 percent, strange noises (footsteps, doors slamming)
• 34 percent, warm or cold spots

It’s critical to note that disclosure laws vary from state to state. In some states sellers are not required to disclose violent crime, possible haunting and other things one might expect to be brought up. And as far as cemeteries, there are many buyers that are quite happy living by and enjoying the green space provided by cemeteries. Hey, even ghosts and zombies can be good neighbors if the price is right. See article


- See more at: http://hankmillerteam.com/2013/10/24/haunted-house-buyers-are-fine-if-the-price-is-right/#sthash.tHlcHWUz.dpuf

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Hank Miller, SRA

Hank Miller is an Associate Broker & Certified Appraiser in the north metro Atlanta area. Since 1989, real estate has been his full time profession. Hank´s clients benefit from his appraisal and sales experience; they act upon data, not baseless opinions. He is an outspoken critic of the lax standards in the agent community.

Hank remains an active certified appraiser and completes specialty work for FNMA, lenders and attorneys. He is a well-known blogger and continues to guest write for multiple industry publications as well as national outlets like the WSJ, NYT, RE Magazine, USA Today and others. He is a regular on public Q&A sites on Zillow, Trulia and many others.

Hank consistently ranks in the top 1% of all agents in the metro Atlanta area. He runs the Hank Miller Team and is known as much for his ability as he is for his opinions. He is especially outspoken about the lack of professional standards and expectations in the real estate industry.


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