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Updated almost 6 years ago,

User Stats

37
Posts
12
Votes
Pamela Bunkley
  • Rental Property Investor
  • Houston, TX
12
Votes |
37
Posts

Do property value drop if a person passed away in a home?

Pamela Bunkley
  • Rental Property Investor
  • Houston, TX
Posted

I apologize IF this comes across as being morbid.  I am curious on the selling or rental aspects for 2 potential properties with a little history.  

I was given the opportunity to purchase 2 homes (1 last year, the other pending)  I happen to know the families of the previous owners.  The owners of both estates passed away (in the home), which resulted in the family members taking ownership.  I purchased the 1st home last year and have done little to the property since purchase.  Both properties were built in 2004 and their conditions are very good.

The owner of the 2nd property recently passed away and I (by chance) happened to meet the daughter.  During our conversation, I inquired about possible purchase, which she is eager to sell.

Has anyone ever experienced difficulties selling or leasing a property where previous owners pass away in the home?  How do you overcome that one bit of detail??

Again, I apologize IF this comes across as morbid.  

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