Posted by dd on May 21, 2006 at 12:11:09:
I think if you network with non-superstitious investors you should have no trouble. Remember, so called ‘negatives’ are ‘bargaining chips’ for you in acquiring the property below market. I don’t know what the disclosure laws are around the country, but you should find out or just disclose it up front to whomever and explain what you know about the reason that man was murdered on his front doorstep and support any fears of violence in the neighborhood with a crime report and comparison with other cities in the same price point.
Another thing, to ‘erase’ the thoughts of the murder happening there in the minds of the locals, perhaps a change to the property such as paint in a different color theme and maybe some inexpensive potted plants will assist the locals who might be superstitious along with time will ‘bring the property back to the homes of the living.’
People die in homes all the time, do you think this prevents future people from owning them? I think not, look at all the historical homes in places like San Francisco and elsewhere, plenty of people over the years have been murered or died in those homes and many are worth millions!
In closing, I say ‘Buy!’ as long as it fits your investor guidelines for a deal. I don’t see how you can go wrong with it!