Quote Originally Posted by ramanth View Post
I don't think who lives nearby affects the price tag they put on a house.
Sorry, this is SO wrong. July 19, 2010; but there are many, many reports along this line.
http://www.washingtonexaminer.com/lo...-98633324.html
any "stigma or risk" associated with a home will affect its value.
. . . . .
A registered sex offender living nearby can make a home harder to sell and lower its value, according to a study by three Virginia professors.

The study found that the presence of a nearby offender reduced a home's value by about 9 percent and such houses took up to 10 percent longer to sell than homes with no registered sex offenders living close by.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/lo...#ixzz0vgEYIEAP


http://realtytimes.com/rtpages/20050...edoffender.htm
Most states, although specific legal obligations vary, require sellers, listing agents and buyer's agents to provide any known information about registered sex offenders living in the area.

"Under civil code 1102 and/or 2079 [in California] a seller has a duty to disclose any facts that might materially affect the value or desirability of the property and to disclose those facts to any prospective purchaser. So clearly, if you have a registered sex offender living across the street and you have actual knowledge of that then that should be disclosed," says Spilger.

Many purchase contracts now include disclosure information about how to look up information on registered sex offenders. Requirements may vary from state-to-state, but many times a real estate agent or seller must simply inform the prospective buyer about where to look up information in the registered sex offender database for that area.

So the broker -- unless you hired a BUYER'S BROKER to represent YOU -- is not required to tell you but is usually in most areas required to tell you how to do your own due diligence and check up on this.