Hi All,
I have found the perfect home in the Bay Area, already written an offer but I just found out that its currently owned by a sex offender. The neighborhood is otherwise excellent, there are no other registered sex offenders in the immediate vicinity, and this is my absolute dream home. Also, if I do buy this house that would mean the current offender would move out of the area. So that's a plus, rt? However, I'm worried
2: If this would affect the value of my home when I resell it in about 7 yrs.
2: If my home would be a target for vandalism if all the online sex offender databases are not updated in a timely fashion.
What do you guys think?Please help..Thanks a tonne !!
Buying a home from a sex offender is about as good as a situation gets. Loke others ahve said you will ahve a whole neighborhod of best friends when you move in. Any stigma (if any) will erode in time. The offender if he had impacted local values will have depressed local comparables and after he is gone you should expect prices to rise slightly better than other nearby streets (thought this is not a major factor in value) due to the fact that families who would never have considered being close to an offender will now consider that local area. Consequently, the fact the offender is gone you might should also see more families move into the area in time.
IN time if they do not update the database, you can petition the state letting them know whoever you bought the home from moves. If you love the home, take the savings and live well!
Hi JR,
The neighbors would probably love you for moving in and moving the other person out. I had a similiar experience happen to me when I purchased a home in Blossom Valley. It turns out that the previous owners had two teenage sons that terrorized the neighborhood. As soon as we moved in the neighbors all made a point to come by and introduce themselves. It actually made the move much more enjoyable for us.
In a very rare, extreme case it could affect the value, such as if horrific crimes took place on the very premises and corpses were hidden in the walls, or buried under the foundation or yard.
Hi Jr,
I agree with the below post's, I don't believe that your home would be a target for vandalism, check if it has been though in the past. The point I'd like to say is it's a BIG plus that the sex offender has moved OUT, this could not help but make the area MORE desireable not less as it is perceived to be safer, unless there is another sex offender in the neigborhood you should be fine.
Regards,
Allyson
408-705-6578
allyson@homesbyallyson.com
DRE# 01397256
Hi Jr.,
I can understand why you have concerns, but all the answers below are good answers. The only thing I would add is that it's worth asking your agent about any disclosures of past vandalism. If the house hasn't been vandalized while the seller has lived there, then I think it's reasonable to consider that it wouldn't be vandalized now.
There shouldn't be any such issues IMO of course.
If the neighborhood is nice, there will not be any vandalism lest when the offender has moved out.
I think you are just concerned because you found about it in late stage. Relax, it's a non-issue.
Good morning Jr., first off I would like to say that if you have already placed an offer on this home then questions like these should be directed to your real estate agent or their broker helping you with the purchase offer. Also, every real estate transaction is different and pose unique situations. This is why you will always be best served by your real estate agent when it comes to questions about a specific property or offer that you have made.
Generally speaking, I really doubt that the fact you are purchasing a home from a sex offender would affect the value in 7 years in any shape or form. If anything this would be an extremely minor concern as the home's location, physical condition, and the area market conditions would make up the majority of the factors to affect you home's value now and in the future.
Would your home be a target for vadelism due to the property's address being recognized on the sex offender database? This does warrant some attention, but it is also better answered by your real estate agent or their broker. This is highly circumstantial and I don't think that you will find a straight answer, however, you can always contact the local law enforcement authorities and make them aware of your concerns. They can help you figure out how much 'vandelism' or other criminal behavior may be active in your area. They can also give you an idea of how long it may take for the database to be updated.
Again, I thnk that you will be best served by posing these questions and concerns to your real estate agent and broker.
Jr.
Very good questions. One item to check is the C.L.U.E. report. This is an insurance claim report and will indicate if any vandalism has taken place that was claimed on insurance. I would also recommend that you talk with neighbors to see if any issues have come up. Be careful in announcing the status of the seller. (Not sure how slander applies to such matters.) General questions about crime, vandalism should be enough. Even with the database many people do not utilize the information and are unaware.
To me the resell would not be affected if you are the new owner and you are not in the database. If the neighborhood is solid and not peppered with crime, then I would not think this issue would come up again.
Good luck,
CJ
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