Real Talk!

Regardless of your personal opinion, the fact remains that in the 90s the Supreme Court of New York ruled that there is such a thing as a haunted house. (the Nyack Case decision.)

Haunted Houses fall into a category known in the business as “stigmatized” properties- one in which the physical condition is good but there is some psychological element that makes the house difficult to sell.

I’ve done quite a bit of research on this type of property and the number of Realtors who don’t believe it necessary to disclose "psychologically impacted" houses surprises me.

Studies indicate that properties with stigmas like murders, suicides, lengthy illness or reports of paranormal activity can take 50% longer to sell and will sell for about 3% below usual market price.

In some cases, particularly well-publicized or gruesome murders can cut selling prices by up to 35%. This is more of a serious problem in small towns where turnover can be slower and the community has a more intimate knowledge of the property.

Over the years, I’ve represented Buyers and Sellers of homes that have been the site of murders, suicides and property where supernatural “happenings” are supposed to have taken place. It is my practice, if a property has any kind of “reputation”, I will disclose it.

Not everyone believes in ghosts or things supernatural. In some cases, people are actually excited by the idea of sharing space with spectral beings.