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Does a haunting affect a house's value ?


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It might be the last thing on most people's minds when moving in to a new home, but on some occasions it can be that the previous tennants haven't even moved out - or moved on. There have been more and more reports of homes being sold with the added 'bonus' of a resident ghost, but can this really increase the value of the property ?

"So, you've just moved into your new home. Beautiful house, fantastic location, and you got it for a good price. The previous owners seemed very keen for a quick sale. Wondering why? Well, could it be that they thought it was haunted? Stranger things have happened. Beautiful properties have become houses of horror thanks to unexplained happenings. Some families decide to move out. Others learn to live with their ghosts, or resort to exorcism. "

arrow3.gifView: Full Article | arrow3.gifSource: Independent
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For some "antique" collector. It won't matter especially if the house owner urged to drop it's price.

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In the U.S. each state has different laws. This is whats written for Wisconsin.

Over the years the Wisconsin REALTORS® Association Legal Hotline has received a

handful of calls from members asking if a property reputed to be haunted required

disclosure. Wisconsin’s real estate license law only requires brokers to disclose a

haunting if it has an effect on the physical condition of the property. In one case, a

broker was told that the walls of the listed house “bled.” Given the physical effect on the

house, that particular haunting was required to be disclosed. Most haunting questions deal

with various apparitions and chain rattling -- brokers are not required to disclose this

form of haunting. Sellers, on the other hand, may have to disclose these occurrences if a

reasonable person would think they have a significant impact on value.

The legal answer isn’t always the final answer. Even when there is no physical damage,

there may be a sort of psychological damage or stigma present. Some buyers may have

cultural or religious objections. Most agents realize that the buyer will probably find out

about the haunting from the neighbors within hours of moving in. For that reason, real

estate agents may encourage sellers to let them disclose the haunting in order to avoid

potential future disputes with the buyer.

From: http://www.wra.org/pdf/online_publications...1_Hauntings.pdf

I would be interested in the laws in the readers area. Roger L. ^_^

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I think it should raise the value. A house's history does make a house more attractive.

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In KY, I'd say it would raise the value, a lot of people here get really excited about things like this. (I, personally, would be likely to pay more if I knew for a fact the home had paranormal activity.) It's also against the law in KY to sell your home if you think it's haunted, without first having it investigated by a reputable team.

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I remember reading a case from New York where a family advertised their house as being haunted, then later sold it to an unsuspecting couple without telling them it was haunted. The court allowed the buyers to rescind the sale because the sellers hadn't informed them of the haunting after previously seeking attention for it.

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Interesting! I would definately want to know if a house I was buying or even renting has a history of being haunted or strange happenings there. I would definately NOT want to live there! :o

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Here in NZ I think that a supposedly haunted house would go for cheaper. I mean, if it was a family house then I think most parents wouldn't want their kid/s growing up with a resident ghost - they might think it will scare them or disrupt their lives in some way. However I think that if a company/business were going to buy a property then it would be more expensive because especially if they are planning to turn it into a cafe, bed & breakfast etc it may attract tourists if they hear it's haunted...so more profit for them.

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Interesting! I would definately want to know if a house I was buying or even renting has a history of being haunted or strange happenings there. I would definately NOT want to live there! :o

Oh come on. Wheres your sense of adventure? :D

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An intelligent consumer would never make such a large purchase without talking to neighbors first. Always ask questions around the neighborhood and visit the area at night. The subject of hauntings should come up in the natural progression of doing this.

What if you move into a house and it has one window with a loose lock and a week later someone breaks in and shoots your wife during a robbery? Are you going to sue the former owner fro not disclosing the loose lock?

IMO, at least 70% of those homes that are reputed to be haunted are in fact not haunted at all. Most haunting activity takes place in the mind of assumption anyway.

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In the state of California it is actually a real estate law that requires the Realtor to check into whether there have been reports of haunting by the tenants of the house, and if so, pass it along to their clients. When my wife and I bought our house in Running Springs we had our Realtor go through the spiel about there not being any reports of ghosts in the home, and there was an actual document to sign off regarding it...I asked him if he ever had to let people know that there was a history of hauntings...he told me that it happens quite often, and even his own home is documented as having been haunted...

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An intelligent consumer would never make such a large purchase without talking to neighbors first. Always ask questions around the neighborhood and visit the area at night. The subject of hauntings should come up in the natural progression of doing this.

What if you move into a house and it has one window with a loose lock and a week later someone breaks in and shoots your wife during a robbery? Are you going to sue the former owner fro not disclosing the loose lock?

IMO, at least 70% of those homes that are reputed to be haunted are in fact not haunted at all. Most haunting activity takes place in the mind of assumption anyway.

That's easy to say if you're someone who spends time on UM. Most people aren't interested in hauntings and never even think about ghosts.

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As someone who has been experiencing strange happenings with a rented property, I can say first hand that this was never something I thought could happen in a million years. It's nearly to the point now where we are starting to think about ways to co-exist with the presence, or move. I eventually want to have kids with my wife, but I'm not sure if it will be there.

Edited by SpIdErCyDe
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Oh come on. Wheres your sense of adventure? :D

LOL!!! Not when it comes to otherworldy & other deminsional beings! Hhahah! :D

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LOL!!! Not when it comes to otherworldy & other deminsional beings! Hhahah! :D

Yeah, I totally agree. I try to follow this rule...Never mess with the undead, unless you want them to mess with you back.

Edited by SpIdErCyDe
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Yeah, I totally agree. I try to follow this rule...Never mess with the undead, unless you want them to mess with you back.

Yup, exactly! :tu:

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