Do Realtors have to disclose notorious events that occurred at a property?

Realtors are required to disclose material facts to home buyers. Is a murder or other notorious event a material fact?
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Do Realtors have to disclose notorious events that occurred at a property?
Take the case of a salesperson named Roscoe who has a client named Zane. Zane is a long time friend of the family and he listed his luxury condo for sale with Roscoe. Zane's condo is beautiful, immaculately clean and in a nice part of town. But things get a little complicated from here. Zane's condo was the site of a widely publicized and grisly murder of a celebrity who lived in Zane's building. The celebrity's body was found in Zane's second bedroom. As a result of the murder, Zane had weeks of bad dreams until finally he moved to a hotel and enlisted Roscoe's services. Roscoe put the condo on the market and shortly there after it sold at open house to Deanna. Deanna thought it was sort of cool to be connected to the celebrity. Roscoe kept in touch with Deanna through annual calendars and then a few years later when Deanna was ready to move she asked Roscoe to list the property. Roscoe listed the property for sale but he neglected to either disclaim or disclose the murder. Sally bought the condo and then one night while reading Wikipedia, she finds out that her home was the site of the celebrity's final moments on this earth.  Sally uses that room for her nursery. Since Deanna and Roscoe did not disclose the murder, does Sally have an action against Roscoe, Deanna or for that matter Zane? In the Commonwealth of Virginia, there is no requirement to disclose (or disclaim) "stigmatizing events". Stigmatizing events are events which have no physical affect on the property. So, whether the property was the site of a homicide, felony, or suicide, the seller and agent are not required to disclose the event.

What is an ABR?

ABR is short for Accredited Buyer Representative. The Accredited Buyer’s Representative (ABR®) designation is designed for real estate buyer agents who focus on working directly with buyer-clients. Accredited Buyer’s RepresentativeWhen you work with an Accredited Buyer's Representative you know that your rights are represented by a professional agent who is trained and experienced in handling the needs of buyers. There are four requirements which a real estate agent must meet to attain and use the ABR® designation:
  1. Previous and documented experience representing the needs of buyers and experience actually closing real estate sales.
  2. Successful completion the Accredited Buyer’s Representative (ABR®) Designation Course.
  3. Successful completion of one of the ABR® elective courses.
  4. Membership in good standing in the Real Estate Buyer’s Agent Council (REBAC) and the National Association of REALTORS®.
Learn more about the advantages of working with a Nesbitt Realty buyer's agent

What are buyers seeking in {Location_Name}?

According to a new realtor.com® survey of more than 1,000 home shoppers, privacy is driving the purchase decisions of many older buyers, with more than 20 percent of those 55 and older saying that having a space of their own is their main goal, followed by the physical comforts and stability of homeownership. On the other hand, 17 percent of millennial buyers placed the highest weight on family needs when house hunting, followed by stability (14 percent) and personal expression (13 percent). Only 12 percent of buyers younger than 55 cited privacy as their chief priority.  
You, as a potential renter in {Location_Name}, need to know what you need.  Some people are simply looking for a place to eat, sleep and shower while others are looking for a lifestyle or a space that will accommodate various activities, such as working, entertaining and hobbies. Think about what the space needs to do for you and make a list of your specific requirements. For example, do you need built in kitchen appliances? Is a washer and dryer essential or is there a laundry nearby? Do you need easy access to the metro or do you need parking for a car? These are questions only you can answer. And then of course there is the all-important budget. What will your money get you and what are you prepared to sacrifice to stay within budget? Remember when you assess your requirements to differentiate between wants and needs because unfortunately you will most likely have to compromise somewhere. Your needs are the things you cannot do without and your wants are those little extras that make your life more comfortable but are not essential. Take your list of requirements and mark your wants and needs in different colors and then rank them in order of importance. Remember your needs are always more important than your wants. [Read more about rental agents]
Nesbitt Realty is a family-owned, family-operated business serving Northern Virginia. As such we compete against some of biggest names in our industry. Even in this highly competitive market we manage to succeed and have won numerous awards for client-satisfaction.  We provide a turn-key solution that allows our landlords to enjoy stress-free passive income with no work required. Our team is experienced, professional and dedicated to managing every detail from leasing to maintenance to financial transactions. Learn more about us now! We have experience working Northern Virginia and can save you thousands on your purchase.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
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Will Nesbitt

View posts by Will Nesbitt
Will is the principal broker of Nesbitt Realty and Condo Alexandria. He is licensed in anywhere in the Commonwealth of Virginia, but focuses on those communities found in and around Alexandria, Arlington, Mount Vernon and Springfield/Franconia. Will has been involved in real estate management, sales and investment for more than twenty years. He is a veteran of the U.S. Army. While in the army, he studied Russian at Monterey's Defense Language Institute. He is also a "veteran of the dotcom wars" and built most of the sites associated with NesbittRealty.com Will currently resides in Belle Haven Estates just outside Old Town, overlooking New Alexandria. He is a former president of the Mount Vernon Youth Athletic Association and founded the Alexandria Fun with Friends Group. Will is the author of BattlestorM, a tabletop fantasy game, which was published by Ral Partha Publishing in the late '90's, and Arthur's Realm, a boardgame available at the Gamecrafter.