Before talking about selling a condemned house, it is important to understand what a condemned home means. The property is considered condemned when the local authorities deem it unfit and unsafe to inhabit. If there are people living in the house at the time it is condemned, they have to leave the property and are not allowed to come back unless all the necessary renovations and repairs are made.
There are many different reasons why a house might become condemned, and here is a list of the most common reasons:
- Unhealthy and unsafe living conditions, including mold and pest infestations
- Usage of unsafe building materials
- Dangerous and improper electrical systems
- Water and fire damage
- Infrastructure failure
- Serious structural damage
If you are an owner of a condemned property, you may want to sell it. And the question is: is it even possible? The answer is yes, you can sell the property that is condemned, but you need to know certain things first.
How Can a Condemned House Be Sold?
There are two ways to sell a condemned house — the traditional way (but you need to repair it first) and selling as is.
Make the Necessary Repairs First and Then Sell It
There is a chance to sell your condemned house the traditional way, but you need to make all the necessary repairs in order to get rid of its condemned status.
It is possible to repair your condemned property, but it depends on the number of repairs you need to make, their complexity, and your budget. Sometimes, it is enough to fix only a few things without spending too much money. If you think repairs are manageable and affordable, you should consider this option. Also, local authorities often support those homeowners who want to repair their condemned homes because it is good for the community and the local economy. In some cases, they can even help homeowners financially.
Before you start repairing your home, you should create a list of all the necessary minor and major repairs. Minor repairs usually include issues that can easily be fixed, such as broken cabinets and light fixtures, for example. Then, go through your major repairs and decide whether they are manageable or not. Most major repairs are expensive, especially roof or foundation issues.
You can complete repairs yourself or hire a professional who will do it for you. Hiring a contractor may be a good idea, especially if you have a lot of repairs to make. Once your condemned house is repaired, you should conduct a new home inspection. If the inspection is successful, you will receive a Certificate of Occupancy, which means that your home is safe to be occupied again.
Sell Your Property As Is for Cash
If you want to sell your condemned property but do not want to spend money on any repairs, you can sell it as is to a cash buyer. Cash buyers do not require any repairs or upgrades and are ready to buy a home immediately regardless of the issues and its condition.
This option has the following benefits:
- You can sell your property fast and receive your money within a few weeks
- You deal with a buyer, and there are no third parties involved in the selling process
- You do not have to deal with a lot of paperwork
- You do not have to spend money on closing costs
- No need to hire a realtor and pay a realtor’s fee
Sell Your Condemned Home to We Buy Houses Colorado Springs
If you have a condemned home in Colorado Springs, CO, or any other nearby town, and you are thinking of selling it as quickly as possible, you should consider selling it to We Buy Houses Colorado Springs. If you decide to work with our company, you will enjoy a hassle-free, easy, and straightforward home-selling process. We purchase all types of homes in the state of Colorado regardless of their condition and circumstances. We buy condemned properties as well, and we are ready to work with you.
If you have any questions about the process or our company, feel free to visit our website or give us a call.