Real Estate Myth: Cemeteries drag down home values!!

Real Estate Myth: Cemeteries drag down home values!!

Cemeteries will drag down the price of your home. That's today's myth. Is that myth true? Welcome to today's episode of Myth versus the Truth.

So when we sit down and we discuss with a buyer about their preference for purchasing a property or when they're looking for a property, we have a buyer's questionnaire. And when we're sitting down and consulting and we're going through the must-haves of the property, we hardly ever actually, I've never had a buyer ever say that they don't want to be close to a cemetery. Now think about it. It's just a matter of preference. Some people find it peaceful. Others find it scary. But we've never had a buyer ever tell us that they don't want to live beside the cemetery.

In our experience, we have also not found any price difference between homes that are next to the cemetery or are a mile away from the cemetery. We don't find any difference at all. There are buyers for any property and colors fix of all, as you say. There is a color for everyone. The cemetery is the same. You will find buyers for your home or you will buy far from it. It's just a matter of feelings. 

So who decides the value? Especially when there is a loan involved, a mortgage involved, the appraiser. I never saw on an appraisal report a price deduction because of a cemetery. So it is a personal choice. What we just mentioned above, some people actually will pay more to be close to a cemetery. Maybe, their loved ones are there, they will pay more. It is the feeling of either finding the peace or finding the fear out of the cemetery?

Hopefully, this information help you not to get scared from the cemetery. Thanks for watching. See you next week in another episode of Myth versus the Truth.

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