Home buyers haunted by past owners’ claims » Mortgage Masters Group

Home buyers haunted by past owners’ claims By Insure.com – Last updated: Jul. 6, 2017 Picture it: You’re days away from closing on a new home, your financing is secured, your belongings are packed and now all that’s left is a phone call to your insurance agent to take out a home insurance policy.

A couple of studies in recent years confirm that a reputation for hauntedness has an impact on values. A realtor.com survey found that only about about one-quarter of buyers are open to buying a haunted home, especially if they get a discount, while 38 percent would not consider a haunted home purchase.

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This must be disclosed, because a home’s notoriety will affect the future value, either in wary buyers or unwelcome sightseers. Haunted houses may or may not fit the definition. Generally speaking, the owners of stigmatized properties must disclose the stigmatization if they wish to sell the home.

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The majority of future home buyers intend to obtain a mortgage to finance their home purchase, with First-Time Buyers showing higher incidence compared to Previous Owners and Current Owners. Across all future home buyers groups, more than six-in-ten say they are likely to have a financial buffer in case their expenses change in the future.

Home buyers haunted by past owners’ claims Mortgage Masters Group; Two Florida Realtors Plead Guilty To Mortgage Fraud Charges; Categories. Mortgage Lender Locations; Mortgage lenders news; archives. july 2019

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