One year ago, almost to the day, the entire nation was rocked by the discovery of 33-year-old university student Jun Lin’s torso in a suitcase behind a Montreal apartment building. Luka Magnotta, 30, now faces first-degree murder charges with allegations that Lin was actually killed and dismembered in his apartment.
That bachelor apartment sat vacant for more than six months following the international manhunt that led to Magnotta’s arrest. The building’s superintendent, Eric Schorer, confirms that it has now been rented to a man he describes as a foreigner who may not know anything about the past of his current home.
I don’t know how I feel about this. As a Realtor, current legislation requires that I disclose to potential buyers or renters any physical defects of a property that may be hidden from view. That’s not a choice or a business decision. That’s the law. But there is no law that requires that I disclose any stigmas or dark pasts and revelations about a home. So do I let the new owners know that the property was the site of a murder? A suicide? It has nothing to do with the structure of the property itself, but even my appraiser agrees that certain events will impact a property’s value, even if it doesn’t impact the physical structure.
Talkative neighbours could impact future sales, and prospective buyers who aren’t even suspicious of any negative events could pull up an old news story just by Googling the address of a property. The financial impact is real, but even foregoing that element of a Realtor’s duty, in metropolitan cities like Montreal and Toronto, the number of buyers and renters with cultural backgrounds that could make them sensitive to these stigmas has to be taken into consideration.
I started this article unsure of how I felt about this topic. There are financial realities that impact both sides, and I suppose it comes down to a case by case issue as to what needs to be disclosed – the murder last year vs. the neighbourhood kids think the place is haunted. But in reality, it comes down to a pretty simple rule that should be guiding every decision I make in business.
It is my duty as a Realtor to do right by my clients and the individuals that I work with, and that includes following the letter of the law in addition to staying true to my moral compass and disclosing what I think needs to be disclosed to the young couple renting their first condo, the young family buying their first home, the business partners buying another investment property, and everyone in between. All hands on deck and all cards on the table – people deserve to know all the details behind what will most likely be the single largest transaction of their lives, and I have an obligation as a professional and as a good person to make sure that that happens.
Follow Chellie on Twitter: @ChellieMejia