Stigmatized Property May Be Hard to Sell

A “for sale” sign in Washington, D.C. Madalina Vasiliu/The Epoch TimesStigmatized properties have been impacted psychologically by a traumatic event. This could be from crime, suicide, or even alleged paranormal activity. There may not be even anything physically wrong with the property. Depending on the situation, a stigmatized property can be difficult to sell.But if you have a stigmatized property, are you required to disclose it to a potential buyer? It depends on where you live. Keep in mind, there are buyers who won’t care if the price is right.What Makes a Property StigmatizedThe National Association of Realtors (NAR) states a stigmatized property is “a property that has been psychologically impacted by an event which occurred, or was suspected to have occurred, on the property, such event being one that has no physical impact of any kind.”Criminal Activity or a Notorious HistoryPublic perception could be impacted if the house were known for illegal activities like drug dealing or prostitution. Child neglect or abuse on the property could also stigmatize a house.