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Updated almost 9 years ago on . Most recent reply

User Stats

372
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132
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Varinder Kumar
  • Real Estate Broker
  • LA & ORANGE COUNTY CA -Multi Family
132
Votes |
372
Posts

Death in home, below market list price

Varinder Kumar
  • Real Estate Broker
  • LA & ORANGE COUNTY CA -Multi Family
Posted

Theres a property that i am interested in investing in. I can go two ways wit it. Either buy and hold or flip it. Its listed about 80k under market value and probably needs about 20k of rehab. The only caveat that someone died in the home recently. They are motivated to sell, im just wondering how this can affect my ARV value? Anyone with experience with purchase?

  • Varinder Kumar
  • Most Popular Reply

    Account Closed
    • Real Estate Agent
    • Las Vegas, NV
    1,348
    Votes |
    2,334
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    Account Closed
    • Real Estate Agent
    • Las Vegas, NV
    Replied


    California has a 3 year rule for disclosure but excludes aids .Generally if its not a violent murder etc it should not effect value  People dying is a fact of life many die their homes  Nevada and many other states we do not have to disclose it 

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