Property Going to Auction where someone passed away 2 months ago

Discussion in 'Property Analysis' started by melbournian, 7th Mar, 2016.

Join Australia's most dynamic and respected property investment community
Tags:
  1. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    i went to an inspection over the weekend. The agent called me and said the s32 would be send however she needed to let me know there was a death in the property in the last 2 months (really the tenant). She said she could not disclose due to privacy. i tried to gather more details (as to whether it was murder, homocide etc) and the signs she said it wasn't anything of a suspicious nature.

    What are anyone's thoughts on this? would someone consider this property?
     
    melbournian, 7th Mar, 2016
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,248
    Location:
    Sydney or NSW or Australia
    Only violent crimes need to be disclosed, house behind me had a suicide - that was not a crime & not disclosed at the time of sale.
     
    Scott No Mates, 7th Mar, 2016
    #2
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    42,001
    Location:
    Australia wide
    Imagine how many people have died in properties over the years. Unless you have a brand new property the chances are someone has died in the room you sleep in.

    Creepy?
     
    Terry_w, 7th Mar, 2016
    #3
    Barny likes this.
  4. Baker

    Baker Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,004
    Location:
    I like bread
    I would put in an unconditional low-ball offer. Could make a killing.

    *cough*

    sorry.
     
    Baker, 7th Mar, 2016
    #4
    Wall Street likes this.
  5. Magnet

    Magnet Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    375
    Location:
    Sydney
    It's not a deceased estate subject to probate? That would be my only concern as it would hold you up 6 or so months
     
    Magnet, 7th Mar, 2016
    #5
  6. WestOz

    WestOz Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,259
    Location:
    WestOz
    Or under it, concider the indigenous owners and many years of colonization.
     
    WestOz, 7th Mar, 2016
    #6
  7. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    well apparently it was the tenants. and it was build in the 50s. it doesn't really bother me as i don't live there. is it true only violent crimes need to be disclosed?
     
    melbournian, 7th Mar, 2016
    #7
  8. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,248
    Location:
    Sydney or NSW or Australia
    Scott No Mates, 7th Mar, 2016
    #8
  9. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    well apparently it is suicide which was outside the property as in not in the property.
     
    melbournian, 7th Mar, 2016
    #9
  10. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,015
    Location:
    Brisbane
    There is a house for rent not far away where a murder happened fairly recently. There is no mention of the history in the rental listing. I wonder if the tenants, learning from neighbours after they've signed a lease, would have grounds to end the lease?
     
    wylie, 8th Mar, 2016
    #10
  11. melbournian

    melbournian Well-Known Member

    Joined:
    2nd Sep, 2015
    Posts:
    3,038
    Location:
    melbourne
    @wylie interesting though sales and rentals must be diff. I will go to the auction irrespective out of curiosity to see if ppl do mind or not
     
    melbournian, 8th Mar, 2016
    #11
  12. Lisa Parker

    Lisa Parker Well-Known Member

    Joined:
    24th Jun, 2015
    Posts:
    380
    Location:
    Melbourne
    I think it varies. I had friends looking at a home recently. There was a suicide in the garage in the house opposite. wife didn't want to buy the house. Husband had no issue with it. Didn't happen in the house they were interested in. Just the one opposite, yet it still impacted the sale to this particular couple.

    I purchase deceased estates and have no issues with it. I personally wouldnt buy if there were other situations, like suicide or violent crimes, even drug uses previously in the house make me not want to go there.

    If I didn't know, and nothing felt weird in the property I would buy. If it felt weird, I would weigh it up.
     
    Lisa Parker, 8th Mar, 2016
    #12