Thursday, October 31, 2013

Buyers aren't afraid of spooky homes they'll even pay more for one

A few ghosts lurking around in the house isn't likely to deter a majority of home buyers, finds two recent studies.
Realtor.com’s 2013 Haunted House report found that more than half of 1,400 home buyers recently surveyed would be open to buying a “haunted” house. Most home buyers in the survey said that a cemetery on the property and a home over 100 years old makes the home seem “haunted.”
Here’s a surprising finding: A “haunted” house isn't likely to scare away home buyers, and it may even fetch more money when you go to sell it.
Homes closer to a cemetery sell for more money than homes further away, according to a new study. Homes near cemeteries were found to take longer to sell, but homes less than 50 feet away tended to sell for more money per square foot than homes farther away.

“There are pros and cons to living near a cemetery,” says Lynn Ikle, a Redfin real estate professional in Baltimore. “The pros are that most likely there would be no chance of future development on the site of a cemetery, there is usually well-maintained open space, it’s quiet, and many cemeteries are picturesque. The cons would be that cemeteries give some people an uneasy feeling, as it represents mortality, and it might not be an area they want to ‘live’ next to everyday.”
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