Some people will NEVER buy a stigmatized property no matter what. However, many buyers will overlook the stigmas associated to the property if the price is right.
If you’re one of those buyers who don’t mind, take advantage!
Here’s an opportunity for you to save thousands of dollars. Stigmatized properties are harder to sell. They often sell at below market value but sellers will often price their home as if the stigma didn’t exist.
Not knowing how to take advantage of stigmatized properties.
Work with your Real Estate Agent to determine the market value of the home as if it had no stigma. Then discuss with your agent how much of a discount you can get with the stigma attached.
It’s often a win-win situation. The seller knows the stigma is a problem and they know the property will likely have to sell at a discount. Use this to your advantage in negotiations to save thousands of dollars!