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Updated almost 2 years ago,
Body found on property should we still buy?
A body was found on a piece of property that we have under contract. It is a large tract that sits in a rectangle fashion on two major cross streets with a tear down house on the corner. The area is up and coming but in the future path of progress. Only about 12 min from a major town that has a lot of real estate demand. The body was found by a neighbor by the tear down house. Someone has been arrested and it appears the body was just dumped there. Our plan for the property was to develop the periphery with small rental homes on one strip and then subdivide into two lots to build a couple of homes to sell to pay off the loan we are taking out on the other strip. We would then sit on the rest. We would also immediately tear down the house and keep that area vacant and clear. We still want to buy the property but my nerves are getting the best of me and I can't sleep thinking about if I making the right decision. Will this hang over the property like a perpetual black cloud? Will anyone want to live there?