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Stigmatized Properties
Manage episode 452808921 series 3619829
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The episode focuses on stigmatized properties, where the value of a property is affected by psychological reasons. Guest Rob Stilo has appraised stigmatized properties throughout Colorado, including the home of Chris Watts, who in 2018 murdered his pregnant wife and two young children. Rob discusses the methodology he used to determine that the Watts house would be unsellable in the first two years after the tragic events, then regain 10-20% of value each year thereafter.
While the discussion of haunted houses was fitting for the Halloween season, Rob noted that stigma can also be positive. He discussed some of the properties he appraised in Colorado that benefited in value by their inclusion in a home-building TV show. Warren chimed in with a PSA to television producers of home-related show content – Always include the opinion of an appraiser!
Appraiser-centric - in line with all the Appraisal Institute’s communications , the new Face Value podcast is targeting audiences across the wider real estate industry. Member input and podcast ideas are welcome and encouraged, please send them to facevalue@appraisalinstitute.org.
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