By Melissa Dittmann Tracey, REALTOR(R) Magazine
A few ghosts lurking around the house isn’t likely to deter a majority of home buyers, finds two recent studies.
Realtor.com’s 2013 Haunted House report found that more than half of 1,400 home buyers recently surveyed would be open to buying a “haunted” house. Most home buyers in the survey said that a cemetery on the property and a home over 100 years old makes the home seem “haunted.”
Here’s a surprising finding: A “haunted” house isn’t likely to scare away home buyers, and it may even fetch more money when you go to sell it.
Homes closer to a cemetery sell for more money than homes further away, according to a new study by the real estate brokerage Redfin. Homes near cemeteries were found to take longer to sell, but homes less than 50 feet away tended to sell for more money per square foot than homes farther away.
The study found that a home less than 50 feet away from a cemetery had a median sales price of $235,000 at a price per square foot of $162. On the other hand, homes less than 100 yards away had a median sales price of $219,900 and priced, on average, $147 per square foot.
“There are pros and cons to living near a cemetery,” says Lynn Ikle, a Redfin real estate professional in Baltimore. Continue reading »
By Melissa Dittmann Tracey, REALTOR® Magazine
Haunted houses must not be too spooky because 32 percent of potential home buyers say they’d buy a haunted house or a home with suspected paranormal activity, according to a new Realtor.com survey.
While some potential buyers may be willing to overlook any skeletons in the closet, they do expect a discount for the paranormal intrusion.
Seventeen percent of the potential home buyers say they’d expect a discount of 51 percent or more on the “haunted” home’s market value, 19 percent say they expect a 31-50 percent discount, and 18 percent say a 21-30 percent discount would suffice for them. Only 15 percent of those surveyed say they’d be willing to pay full market value for a “haunted” home.
Discounts aside, if those ghosts acted up during the house tour, most buyers say all deals would be off. Warm or cold spots possibly produced by any lurking ghosts or suspicious noises like footsteps and slamming doors would be a deterrent to these buyers. That said, 41 percent say they are OK with ghosts staying in the home–as long as they remained invisible and didn’t bug them.
Ever find yourself having to list a home with suspected paranormal activity? Try staging the home with the “Ghost Busters” theme song playing in the background. After all, these buyers “ain’t afraid of no ghosts.”