Stigmatized Properties
A potential buyer may be quite happy with the physical condition and the location of a residential property, but they may avoid purchasing the property because of concerns regarding an event or circumstance occurring in or near the property. The Spagnuolo and Company website has prime examples of Stigmatized Properties.
Even though the “stigmatizing event” does not directly affect the appearance or use of the property, it has such a negative psychological effect on the potential buyer that they decide not to purchase the property.
This is another reason why using REALTYnuance© to keep your collection of client information is crucial.
Original Article: https://bcrealestatelawyers.com/knowledge-centre/legal-issues-faqs/stigmatized-properties/
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