Try our mobile app

Selling a Haunted House? Here's What You Need to Know

Published: 2019-10-29 12:00:00 ET
<<<  go to Z company page

SEATTLE, Oct. 29, 2019 /PRNewswire/ -- Your dream home may be haunted, and in most states, sellers don't have to say boo about it.   

Ahead of Halloween, Zillow scared up a state-by-state analysis and found only four deal with paranormal activity in their real estate disclosure laws: New York, New Jersey, Massachusetts and Minnesota.

In New York state, courts will rescind a home sale if the seller creates and perpetuates a reputation that the house is haunted and then takes unfair advantage of a buyer's ignorance of the home's ghostly reputation. For example, if you invite reality television ghost hunters to your home, then later sell your poltergeist palace to an unwitting buyer who prefers sitcoms, a court could make that sale vanish. 

In New Jersey, a seller must truthfully tell a buyer if their property comes with phantom roommates –  only if asked. 

Many states have statutes that say property facts that could cause "stigma" or "psychological impact" need not be disclosed. Massachusetts and Minnesota deliberately mention paranormal or supernatural activity as a "psychologically affected" attribute that does not need to be disclosed.   

Some real estate agents say haunted properties present other challenges that can scare off buyers.    

"I worked with a seller who claimed their house was haunted by a ghost who lived in the basement," says Jennifer Stauter Kornstedt, a Zillow Premier Agent in Wisconsin. "When I arrived for the open house, I heard banging noises coming from the basement. I went to investigate but could not find the source of the noise. Then the phone rang three times with only static on the other end."

Stauter Kornstedt says she and the seller agreed to disclose the creepy companion to any potential buyer even though they didn't have to under to Wisconsin law. Ultimately, the homeowners decided to stay in their house, but Stauter Kornstedt says she's been spooked ever since.

Nine states have laws around the disclosure of a death on the property. In California, sellers must disclose a death on the property within 3 years. In Alaska, a death within one year must be disclosed. In South Dakota, sellers must disclose a homicide on the property.  

In Connecticut, Delaware, Georgia, New Hampshire, New Jersey and South Carolina, sellers must disclose a death on the property only if asked. 

So, if you own a home in Texas that was the scene of a chainsaw massacre in 1974, you can keep that your own little secret. 

About ZillowZillow® is transforming how people buy, sell, rent and finance homes by creating seamless real estate transactions for today's on-demand consumer. Zillow is the leading real estate and rental marketplace and a trusted source for data, inspiration and knowledge among both consumers and real estate professionals. 

Zillow's proprietary data, technology and industry partnerships put Zillow at nearly every major point of the home shopping experience, helping consumers search for and get into their new home faster. Zillow now offers a fully integrated home shopping experience that includes access to for sale and rental listings, Zillow Offers®, which provides a new, hassle-free way to buy and sell eligible homes directly through Zillow; and Zillow Home Loans, Zillow's affiliated lender that provides an easy way to receive mortgage pre-approvals and financing. Zillow Premier Agent instantly connects buyers and sellers with its network of real estate professionals to help guide them through the home shopping process. For renters, Zillow's innovations are streamlining the way people search, tour, apply and pay rent for leased properties. 

In addition to Zillow.com, Zillow operates the most popular suite of mobile real estate apps, with more than two dozen apps across all major platforms. Launched in 2006, Zillow is owned and operated by Zillow Group, Inc. (NASDAQ:Z and ZG) and headquartered in Seattle.

Zillow and Zillow Offers are registered trademarks of Zillow, Inc.

 

Cision View original content:http://www.prnewswire.com/news-releases/selling-a-haunted-house-heres-what-you-need-to-know-300946865.html

SOURCE Zillow