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The Dillema: Do you disclose Rumours & Gossip: Or do you tell the Buyer do your own investigation?

Posted on Apr 1, 2010 by in Active Rain | 0 comments

The San Fernando Valley is famous for many reasons. Some know it as the “valley of the stars” others recognize it as the’ other movie industry’s center’, that is the Porn Capital of the World. Different cities are vying for the title. Some of people consider it the Sherman Oaks hills.

I was going on a listing appointment and the owner of the house was telling me, that two streets from her house, she knows someone who was a “neighbor” to a “studio”. She assured me, that the neighbors got together and shut the operation down.

I find this an interesting dilemma. When you are a potential buyer, how do you feel about this? As a Realtor in Southern California, I am compelled to disclose what I just learned. There could be extra traffic in this upscale residential neighborhood. It could bring undesirable elements to the neighborhood.  I am not a prude, rather I just want to make sure the potential buyer does not get blindsided.

So where do we draw the line? Is two streets away idle gossip or is it important information a buyer needs to know?

I always advise my buyers to check out the neighborhood at different times to make sure they are comfortable with the traffic and the type of traffic they see. They should also check out the police department and find out the crime statistics.

So how bad could it be? Many world famous celebrities lived in the San Fernando Valley. To name a few celebrities:  Bob Hope, John Wayne, Charlie Chaplin, Clark Gable, Tom Selleck and Lucille Ball. Did they think it was OK? Does that justify not disclosing? I think not. If you are a buyer make sure you check out the neighborhood and decide for yourself.

What do you think? Please share your thoughts.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at homes@endrebarath.com  or visit one of my websites at http://www.endrebarath.com  Your Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations.  

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