Buyers concerned about purchasing property where someone has died

Wednesday 9th November 2016

Almost half (44%) of home buyers have reservations about purchasing a property where someone has died, according to a survey by SellHouseFast.uk.
Some 8% of those who have reservations said a lower asking price would be enough to sway their decision. 
The firm spoke to over 100 prospective buyers and found that 67% of those surveyed wouldn't buy a house where a murder or suicide had occurred.
Estate agents and property sellers are legally obliged to disclose information which could decrease the value of a property – e.g. a murder or suicide.
However, Consumer Protection from Unfair Trading Regulations – known as CPRs – do not mention natural death. 
A fifth of those taking part in the study also indicated that they would be put off buying a property if they knew violent crime had taken place there. 
Illegal drug production would be a sticking point for 13% of buyers, while 7% of participants said they would be deterred from a property with a history of repossessions or evictions. 
Interestingly, almost a quarter of respondents said they don't care about a home's past as long as the property and asking price meets their needs. 
Two of the buyers taking part in the survey – who are looking for a two-bedroom house in London – said they believe it will be difficult to find a property in which no one has died as most houses in England were built before 1990. 
One of the buyers – Cindy Parker – said: “I don’t believe in ghosts or things like that but the thought of sleeping in a room where someone has passed away makes me very uneasy.”
Her husband, Tim, said he also holds some reservations.
“I think that it’s crucial for both of us to feel comfortable with the property. Therefore, I’m prepared to wait until we find the perfect house although it would perhaps be best not to ask about things such as death in the property in the first place," he said.
"After all, what you don’t know, won’t hurt you.”

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