What You Need to Know About Ghosts and Real Estate

Ever wonder if you need to disclose the possibility of a ghost in your home when you sell it? Or are you concerned about whether or not you’ll be told if there is a ghost in your home?

Many people don’t believe in ghosts, but enough do that the thought of one living in a home could affect the house’s sale. In Virginia, Realtors are required to disclose anything that can materially affect the value of the property, but ghosts are not included. The good news is that there are plenty of people willing to buy a haunted house. A survey released by Realtor.com in October 2013 reveals that:

• 26% would consider buying a haunted house
• 35% lived in a home they thought might be haunted
• 25% researched a home’s history to find out if it could be haunted

While some people are open to living with a ghost, some expect to pay a lower price when buying a haunted home. Only 12 percent of the respondents said they’d pay full market price. Thirty-four percent expected to pay 1-30 percent less and 19 percent said they would expect a discount of 51% or more on the purchase price.

Finally, while many people are open to sharing their home with a ghost, there is some ghostly activity that would scare them away. The majority of respondents said they didn’t want to live in home in which objects levitated or moved, ghosts could be seen, lights and appliances flickered on and off, strange noises could be heard. So while people are open to having a ghost around, they don’t seem to want to know it’s there.