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Updated about 2 years ago on . Most recent reply
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Would you buy a rental property where a crime was committed in?
Hi everyone!
I've been eyeing this out-of-state SFH for quite sometime now and wondered why it had been sitting on the market for so long. After running a quick Google search it turns out it was the scene of a deadly crime. So a few thoughts/questions since I'm a newbie…Has anyone from the BP community come across a situation like this before and did you actually purchase the property? And if so are you legally bound to disclose to the potential new tenants that a crime was committed in the rental? From a pure numbers perspective the cost of the home isn't priced well below what comparable homes are going for.
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Aloha,
It would not matter to me as a buyer, but depending on the local culture, it may seriously shrink your potential buyer/renter pool. You definitely should disclose, with minimal detail, and in many jurisdictions it would be a requirement to disclose.
It would not matter to me as a buyer, but depending on the local culture, it may seriously shrink your potential buyer/renter pool. You definitely should disclose, with minimal detail, and in many jurisdictions it would be a requirement to disclose.