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Friday, May 20, 2022

How does murder impact property values?

As you may well know, the current housing market is a seller’s dream (and a buyer’s nightmare), but several factors can negatively impact property value and asking price on a home — including in-house deaths, particularly a murder. 

Often called “murder houses,” these homes are also known as “stigmatized properties” by the National Association of Realtors. Stigmatized properties include places that have been impacted by events such as murder, suicide, a notorious previous owner, and alleged occurrences like hauntings.