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Updated about 1 year ago,
how to convey "elderly owner passed away at home" to renters?
New investor here. I am under contract for a BRRRR project. (built in 1987, 1500 SF, 3/2, 6000 SF lot). The elderly (87 yr) owner passed away at home. My plan was to repair and bring this house up to date and then rent it out. In California, we have to disclose any death within 3 years. From your experience or own preference, does this matter? How should I convey the message to renters? Do I just write in the ads (probably not, since we don't write it when we sell a house, we just let the realtors deal with this with their clients). Or Do I causally say, "Just FYI, the previous owner passed away at home peacefully," when someone is ready to submit an application? Should I price the house lower? A brand new house with a similar size but a tiny lot (2000 s.f) rents $2800-2900; an older home with a similar size but outdated interior rents $2500-2600. I plan to price this house at $2650.
I am just under contract. I still can get out if this is a huge red flag.