How to Sell a Condemned Home

First of all, it is important to understand what a condemned house is. It is defined as a house that violates local building codes and is considered unsafe for people to inhabit. Usually, local authorities seize condemned properties and restrict inhabitants from living there. There are numerous reasons why a house can become condemned, and the most common reasons are the following:

  • Code violations
  • Disconnected utilities
  • Vacancy
  • No proper permits
  • General disrepair
  • Hazards
  • Unhealthy living conditions, including pest infestation and mold
  • Improper or dangerous electrical systems
  • Improper ventilation

If you own a condemned house and are wondering whether you can sell it, the answer is yes. However, there are certain things you need to take into consideration.

How Can You Sell a Condemned House?

If you are thinking of selling your condemned property, you have two options available: repair your house first and then sell it or sell it as is.

Fix It First and Then Sell It

Many homeowners decide to repair their condemned properties and then sell them for a higher price. Let’s discuss this option.

In general, you can repair your condemned house, but it depends on the level of repairs needed and the amount of money you have to spend on repairs. Sometimes, there are only a few easy things that need to be fixed, and you will not have to spend a lot of money and time. Therefore, if repairs are manageable, you should definitely consider this option. Moreover, most local authorities prefer condemned properties to be fixed and inhabited again because it is good for the local economy. For this reason, local authorities are often ready to help and may even give you money for repairs.

Before repairing your home, you should identify both minor and major repairs that are needed. First, list all the minor repairs, such as fixing broken cabinets and light fixtures. When all the minor issues with the house are listed, determine major repairs because they can either make or break your decision to sell. The most common major repairs usually include flooded basements, leaking roofs, and foundation problems.

You can make repairs yourself or hire a contractor who will do it for you. If you have a lot of issues with your home, it is definitely better to hire a team of professionals. Once the house is repaired, do not forget to conduct a home inspection in order to receive a new Certificate of Occupancy. Without this certificate, you will not be able to list your house for sale.

Sell Your Condemned Property As Is

The second option that you may want to consider is selling your property as is, meaning with no repairs or upgrades. You can sell your condemned house to a cash buyer, who is qualified to purchase this type of property and is ready to pay cash. Cash buyers purchase condemned properties in order to fix them themselves, so you do not have to spend money on repairs or renovations at all.

There are number of benefits of selling your home as is to a cash buyer:

  • You will be able to save on closing expenses.
  • You will sell your house fast and get your money immediately.
  • There are no third parties involved as you work directly with a buyer.
  • Less paperwork, which makes the whole process much easier.

Sell Your Condemned Property to We Buy Houses Cincinnati

Do you have a condemned house in Cincinnati, OH? Do you want to sell it as soon as possible without investing any money in fixes and repairs? Then, you should contact We Buy Houses Cincinnati. At We Buy Houses Cincinnati, we purchase homes in any condition and under any circumstances, including condemned properties. If you decide to work with us, you will be able to sell your home and have your cash in hand in about a week.

If you have questions about the selling process and want to know more about how it works, feel free to check out our website or give us a call for more information.