Death on Property - How Much Does This Decline Property Value?

[Amber Rueda]

Hi BP!

I'm looking into to purchasing a flip property where the owner recently died in the home. The after reno value of this property,without a death in the home, will be around $400k. How much decrease in value should I consider for disclosing a death on the property?

[Gavin Peacock]

I'm actually in the process of flipping a house that both the wife, and the husband died; although several years apart. It didn't bother me until I removed some cedar paneling and found some writing they'd done in 1978 regarding how much fun they'd had decorating the place, and asking anyone that found their note to love the house as much as they did!! When I sell the house, I won't mention it, but I think about it every night while I'm working late. When it's time to have an open house, I'm sure the neighbors will stop by, and may very possibly re-tell the story to anybody listening about the day the ambulance came and took old Bruce away... I just hope it won't affect the sale!