This popular true podcast episode illustrates the far-reaching impact of what Realtors call ‘stigmatized property,’ sometimes known as a ‘haunted house:’ While at work one day, I received a phone call, then quickly recognized the caller as a client I assisted with a home purchase months earlier. I soon detected serious concern in his voice […]
Every experienced Realtor has them: Stories rarely shared with clients that involve particularly unnerving moments in an agent’s real estate career. In this case, we aren’t talking about simple cases of a flea-infested house, or one with no water or electricity. The topic? Stigmatized properties.
Overview: Dealing with stigmatized properties can be unforgettable for both real estate agents and their clients. Also known as ‘tainted’ real estate among other monikers, the issue of stigmatized property is important for Oregon home buyers and home sellers. ‘…that long black cloud is comin’ down, I feel like I’m knockin’ on heaven’s door…’ Bob […]
Laws vary significantly from state-to-state in how they address stigmatized properties. A stigmatized property is often a home where undesirable things may have occurred, such as a crime, or a perceived element is present, like a ghost. It’s important to realize that there are various kinds of stigmatized properties and what may bother one person may not seem so bad to another. What should Oregon home buyers and home sellers know about stigmatized properties? Find out more in this interesting episode of the Oregon Real Estate Podcast.