Read Full Article here… lifehacker.com

Photo: rSnapshotPhotos (Shutterstock) Picture this: You’re in the process of searching for a new home to purchase, but anything that meets even some of your criteria is listed for far more than your budget allows. Then, one day you spot it: A house within your price range that ticks all (or at least some) of your boxes. Sure, it looks a little rough around the edges—as if it has been a while since anyone has lived there—but nothing a little elbow grease couldn’t fix. Just before making an appointment with a realtor to see the property, you do a quick online search for the address, and immediately find out why it’s so cheap: Something bad happened there. Whatever it was, it makes people not want to live there. In an article for Hunker, Mariette Williams breaks down both the advantages and disadvantages of purchasing a home with a dark past. Here’s what to know. What is a stigmatized property? FYI, there’s an official term for houses with checkered pasts. They’re called “stigmatized properties,” and the National Association of Realtors defines them as “a property that has been psychologically impacted by an event which occurred, or was suspected to have occurred, on the property, such event being one that has no physical impact of any kind.” So what kind of event, exactly? According to the NAR, a property can be stigmatized for a number of reasons, including its location, the fact that someone was murdered or died by suicide in […]