Before You Sell | Muddy York: Toronto Real Estate Blog - before you sell

By: Muddy York  09-12-2011
Keywords: Real Estate, Real Estate Services, Estate Services

The article tells of a buyer who had just committed to buy a house in Orangeville, which is about an hour outside of Toronto. Then one night, the man saw his future house on the news, and heard a newscaster say that the home where an unsolved murder took place in 2010 had just been sold.

The man was later able to get his deposit back and get out of the deal, but not without filing a complaint about the broker for being allegedly misleading.

There is a legal obligation to inform buyers of certain histories such as grow-ops and other crimes linked to a home, but what should and does not need to be disclosed becomes a blurry line when it comes to stigmas such as murders, suicides or even hauntings (yes, this has been brought up in courts around the world in the past) if those issues pose no threat to the buyers.

One realtor quoted in the article says they’ve never heard of any real estate agent who would not disclose a murder, while Toronto real estate lawyer Bob Aaron said it’s just not necessary because the stigma doesn’t make a home uninhabitable.

What do you think? Would you want a home’s past disclosed to you if it included a murder or suicide?

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Keywords: Estate Services, Real Estate, Real Estate Services

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