Caveat Emptor “Let the Buyer Beware”

OctoberWater-front home is here and I have a special treat for you this month.  Here is the set up…..You find this charming water front home.  It is simply everything you were looking for and the price is just right.  Actually you feel like it is a bit of a steal for the money so you put in an offer.  Now Seriously take a good look at the picture of the home below.  Would you live in this home?  What if someone gave it to you?  Could you see yourself in it?

So you purchase the house, move in and everything is great.  The family settles in for movie night and the movie of choice is The Amityville HorrorAfter all it is named after the little town you just moved to.  You can probably guess where this is going now.  This is the house today.  Could you imagine now how you would feel that you are now sitting in a home that is haunted and a whole family was murdered inside?  An address change, cosmetic repairs (mainly those famous upstairs windows), a few years gone by and WALA a perfectly fine home.  Now how do you feel?  Would you still want to live in the house?  I personally have to admit I would feel a little uneasy and at the same time mad I didn’t know this house I just bought was “Stigmatized”

That’s right this month I am going to focus on the topic of Stigmatized Properties.  We are going to explore and discover what makes a property stigmatized?  Six different types of stigmatized properties.  How to protect yourself from buying one and how it is not always a bad thing.  As many of you know; I have a love for unique and one-of-a-kind properties so I look forward to sharing the things I have learned about this fascinating topic.  Be sure to subscribe to my posts so you will not miss one.  Now…. I open the discussion….Would you live in a stigmatized home?

amityville-house

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