World Journal interviewed me again but this time it is about the recent mass murder in a San Francisco quiet neighborhood that has shocked the region. This article focused on the housing angle.
Translated by Andrew Chin & Kai Lu
33 year old is a real estate expert that frequently appears o Money, realtor and HGTV shows. He says, asians are more superstitious, but lots of mainstream people don't care. some people use the opportunity to buy. Some demolish the building, or rent it out for a few years, wait till the market goes back up.
He says " I once has a building, male owner hung himself. A couple came to see, wife says she can't live here, husband says he doesn't mind and wants to buy. After long arguments, husband listened to his wife of course. But this shows some people really care, and some don't mind at all"
He explains, California law requires owner to disclose death in the building within 3 years, no matter if it's homicide or natural death. But he says "even if it's over 3 years, we try to let the seller know, the more details you disclose, the less legal battle you get into later"
He says, one year ago there's a research that shows, for psychologically impacted houses, the average price goes down 5 to 10%. But for places with large media exposure, and selling it now will be 20% below market. But SF is hard to find a place, price will come back up after several years.
He says, California law doesn't restrict selling the house for a duration after someone's death. Every death case is different, and house price may not be affected at all. But during an investigation, lawyers and police needs to enter the house, the house can't be sold, and may take up to a year or more.
Translated by Andrew Chin & Kai Lu
33 year old is a real estate expert that frequently appears o Money, realtor and HGTV shows. He says, asians are more superstitious, but lots of mainstream people don't care. some people use the opportunity to buy. Some demolish the building, or rent it out for a few years, wait till the market goes back up.
He says " I once has a building, male owner hung himself. A couple came to see, wife says she can't live here, husband says he doesn't mind and wants to buy. After long arguments, husband listened to his wife of course. But this shows some people really care, and some don't mind at all"
He explains, California law requires owner to disclose death in the building within 3 years, no matter if it's homicide or natural death. But he says "even if it's over 3 years, we try to let the seller know, the more details you disclose, the less legal battle you get into later"
He says, one year ago there's a research that shows, for psychologically impacted houses, the average price goes down 5 to 10%. But for places with large media exposure, and selling it now will be 20% below market. But SF is hard to find a place, price will come back up after several years.
He says, California law doesn't restrict selling the house for a duration after someone's death. Every death case is different, and house price may not be affected at all. But during an investigation, lawyers and police needs to enter the house, the house can't be sold, and may take up to a year or more.
