If you have a spare 700-800K get this house. Most likely, it'll go even further down. But then, there is always a catch. 
http://smh.domain.com.au/real-estate-news/lin-family-house-for-sale-20120210-1sdeh.html
http://smh.domain.com.au/real-estate-news/lin-family-house-for-sale-20120210-1sdeh.html
Lin family house for sale
Sally Howes
February 10, 2012 - 3:55PM
Read later
The online advertisement for the Lin family home.
The North Epping home where five members of the Lin family were killed is on the market.
Min "Norman" Lin, 45, and Yun Li "Lily" Lin, 43, her brothers, aged nine and 12, and an aunt, Yun Bin "Irene" Yin, 39, were found dead in their home in Boundary Road, North Epping, on July 18, 2009.
The Lins' daughter, who was 15 at the time, was away on a study trip on the night of the killings.
Advertisement: Story continues below
Tributes left outside the Lin family's newsagency at Epping Shopping Centre, in Rawson Street. Photo: James Brickwood, Monday 20th July 2009.
In May last year, a close relative and near neighbour of the family, Robert Xie, was charged with five counts of murder.
The New South Wales Trustee and Guardian, which manages the estate, has now selected Epping agent North Nor'West Property to handle the sale.
The house of the family, who owned a newsagency in Epping, has stood empty since the killings.
The Lin family home.
The agents received a "letter in October/November from the trustee" asking if the agency was interested in managing the sale, Mark Ward, the agent handling the sale, said.
Prices for comparable properties in the area are in the $900,000 to $950,000 range, he said.
Mr Ward told domain.com.au "it would be inappropriate at this time" to make public any estimates of a sale price.
The Lin family home.
He conceded that the agency was "definitely expecting a discount" on the price the property would have fetched had the killings not occurred.
He said the eventual price might even be discounted to the land value alone.
The market in the area is dominated by the Asian community and their traditional beliefs mean they are very concerned about the past of property they purchase, he said.
The Lin family home.
"We are often asked by Asian buyers about a house's history," he said.
Many people would be turned away by the stigma, he said.
Upon successful completion of the sale, Mr Ward said the agency's fee would be donated to Mr and Mrs Lin's daughter.
The Lin family home.
This is the same estate agency that sold the property to the Lin family in October 2 001. The Lins paid $575,000.
Within the first couple of hours of the listing going on the internet, the agency had already received two inquiries.
Mr Ward noted though that they were most likely general inquiries and the senders were not aware of the property's history.
The Lin family home.
Mr Ward told domain.com.au that serious crime in the area was very uncommon.
He that, throughout the sale process, the "family will be treated with the respect that they would expect and that they deserve".
The press release says the contract for the sale of the property has "full disclosure of events that took place in the property".
Mr and Mrs Lin's wedding photo and a group of the family's shoes were still in the Lin's home at North Epping in January of this year. Photo: Jacky Ghossein.
However, the online advertisement makes no mention of the history of the property.
Mr Ward said the agency "will qualify buyers first" and only then will they check that buyers "understood the situation" regarding the property.
NSW law requires disclosure of "some material facts" about properties that would not be obvious to potential buyers.
The law states that this covers "potential psychological stigma attached to a property, which is likely to be shared by a significant proportion of the population".
It covers anything that could "significantly affect the extent to which occupants would be comfortable using the property".
This law is limited to events that occurred at a time "during which the seller was the owner".
The law does still apply in this case as the house is being sold by the trustee of the Lin estate.
Mr Ward noted that there are two "death certificates included in the sales contract". They are those of the late Mr and Mrs Lin.
Mr Ward said that he did not expect to have to answer any questions relating to the crime, beyond what was required by law, as the agency would only be dealing with qualified buyers.
He expected "just the usual real-estate questions" such as "where the local buses run".
The "usual process" people go through to "make sure a property met their requirements".
The property will be available for viewings only by appointment, keeping those with little more than a ghoulish interest in the property at bay.
Another high profile property sale involving a killing, was that of the house where Sef Gonzales murdered three family members.
In this case however, agents did not disclose a triple murder in the home three years earlier.
Two agents from L.J. Hooker in North Ryde sold the house for $800,000 without telling the buyers that Gonzales had killed his mother, father and sister there three years earlier.
The buyers put an $80,000 deposit on the house before learning the truth.
The agency at first refused to refund the deposit but eventually released the buyers from the contract and gave back the money.
The NSW Office of Fair Trading found the agents had breached the relevant acts for "misleading behaviour in promoting the property for sale".
