Home > Renting Real Estate > If property has historic interest does that property selling value increase or decrease?

If property has historic interest does that property selling value increase or decrease?

February 26th, 2009 Leave a comment Go to comments
  1. crystal o
    March 1st, 2009 at 17:50 | #1

    this value should increase because of the history, but if its a ghost town some people might linger a while to buy. i know i would. sorry bud.

  2. fatalleycat41
    March 1st, 2009 at 22:15 | #2

    A historic interest would only add value to a property if buyers found that historic interest valuable.

    I doubt that typical buyers of real estate in California would attribute any siginificant value to property in Hornitos.

    Sorry, but you really need another angle.

  3. Bo B
    March 5th, 2009 at 08:52 | #3

    As the General Manager of a large mortgage company in California, I would also say that it depends greatly on the historical significance of the property. But more than that, VALUE is determined by the buyer…NOT the other way around. All you can really do is promote the benefits and attributes to the right individuals. If they believe they’re relevant…BINGO! If not, you’ve priced yourself out of the sale.

    I might suggest you attempt to get the property surveyed, inspected and reviewed for possible inclusion to the historical society’s list. That would certainly help. Consult your county records office too for assistance. If you can locate in archives, or other sources significant proof of that property’s role in State or Federal historical issues or personages…all the better.

    However, keep in mind…it’s the buyer that determines whether he feels the historical significance equates to the asking price.

  1. No trackbacks yet.
Security Code:

Powered by Yahoo! Answers