What type of properties are typically associated with buyer hesitance due to past reputations?

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Stigmatized properties are those that may have a negative association due to events or circumstances that occurred on or near the property, such as crime, hauntings, or other adverse occurrences that can affect public perception. These reputational issues often lead to buyer hesitance, as potential buyers may feel uneasy about the property's history, which can impact its marketability and value.

In contrast, new constructions, renovated buildings, and luxury estates do not typically carry the same type of associations that lead to buyer hesitance. New constructions are often seen as desirable due to modern amenities and lower maintenance concerns. Renovated buildings may be appealing if they showcase updates and improvements. Luxury estates can attract buyers looking for upscale living, and while they may have their own market dynamics, they generally do not face the same stigma as properties with a troubled past. Thus, the association of stigmatization with the buyer's reluctance is specifically characteristic of stigmatized properties.

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