Vacant/Condemned/Properties in Need of Repairs

Either you’re the owne or just a passerby, an empty house never looks appealing. It just sits there decomposing, useless, abandoned and sometimes an eyesore to the neighborhood.

If you have vacant, condemned, or property in need of repiars it can be a big headache that causes stress and worry. There are many reasons that a property has become vacant, condemned or in need of repairs

• The property was inherited a long time ago and no one has moved in
• The beneficiaries of an estate can’t reach agreement on what to do with it
• A landlord is not able to find tenants
• The house needs repairs and the owners can’t afford or don’t have the time to fix it
• The house has been labeled condemned

Most vacant property owners want to get rid of it as soon as possible. And it’s not just about the public opinion. Other good reasons to sell your vacant property are:

Looting and Vandalism

 Abandoned properties are very attractive to looters, thieves and all kinds of invaders, squaters and criminals. You have to either invest in security services or deal with various types of damages caused by intruders. It can be as harmless as some trash left by trespassing teenagers and as bad as broken windows, stolen plumbing piping for scrap or even significant structural damage.

Crime

 Vacant properties are not just a magnet for more or less harmless looters and trespassers. They also attract more serious types of crime. Drug-related activities, theft and violence – thousands of crimes are reported annually in abandoned properties. You don’t want to be liable to any criminal activity happeing in the property.

Squatting

 Of course, squatters can cause severe damage to your property. The longer they occupy the property, the more destruction they can cause. But that it is not their biggest threat. Actually, you can lose your property altogether! Potentially, squatters can LEGALLY occupy your property and you won’t be able to just kick them out whenever you want. The process of squatters gaining the legal right to occupy the property is called “adverse possession”. It can be extremely timely and costly to get them out.

Weather

 Every property owner knows that even inhabited houses are constantly affected by elements. Needless to say, if the house is empty it becomes much more vulnerable to the damages caused by rain, wind and the elements. No property is safe against natural forces but a vacant property not being monitored can accrue significant damage over time.

 Massive Decomposition

When a house is occupied small issues can be noticed and fixed before they turn into something serious. But with the lack of regular maintenance, defects tend to build up quickly and the property condition gets worse and worse every week. Over time the house will become full of damages that can be costly to repair.

Ongoing Costs

A vacant property is just a black hole that sucks away your money. You have to pay utilities and taxes for a property that doesn’t bring you any profit. Additionally, owning an abandoned building, you are very likely to pay fines for possible city violations.

As you can see, you have more than enough reasons to get rid of a vacant property. It is a dead weight that is bringing you down. But, surprisingly, being vacant is not the worst thing that can happen to your property. It can be in such a poor condition that it has been labeled condemned. Why can a house become condemned?

• The property has stayed vacant for a long period of time. Usually, more than 60 days.
• The utilities have been discontinued
• The house doesn’t meet code requirements
• The property has structural damages
• Unsanitary living conditions

Labeling a house condemned is normally a last resort. Most of the houses can be repaired and avoid getting the condemned status. But do you want to deal with a house that needs major repairs? You might think that patching up here and there is worth the potential profit. Maybe it is, let’s take a closer look.

It’s a Big Financial Commitment

You might want to check what your repairs will cost you. Roof replacement can cost over $10,000. If you want to replace the floor, be ready to pay over $6,000. Additionally, it is an upfront investment. You don’t know for sure if you will get a return on the money you put in.

Time, Effort, Stress and Work

Yes, money is not the only thing that you will have to invest. If you decide to do the renovations, you will have to take up the role of a coordinator/project manager. You will have to control and supervise activities, schedules and people. Do you want to put yourself through this stress? Are you willing to spend your energy on that?

Uncertainty

You can never be sure if your investment will return fully or not. It’s always a gamble. Plus, you can not possibly know how much time it will take to repair and sell the property. You will have to just wait and guess.

So what should you do if you want to avoid everything mentioned above? Let us deal with a house that needs major repairs, a vacant property or even a condemned house. You won’t have to worry about that dead weight anymore. We’l help you get rid of it quickly and painlessly.

• We look past the property condition and you won’t have to do any renovations.
• You can stop spending money takes, insurance, utilities and holding costs NOW.
• You won’t need to spend any more money or time getting the property ready to sell
• You won’t have to wait as we can close quickly and on your timeline
• Don’t worry about the closing costs. We will cover them for you.
• We don’t charge any hidden fees or commissions.
• We are your direct buyer. You won’t have to look for anyone else.
• We value your time and energy so we’ll make the process quick and easy for you.
• You don’t have to fix anything or even clean out the property.

Get rid of the burden of the property you don’t need. Save your money and your energy. Contact us by filling out our form or call 941-212-0535 now and we will answer all your questions. Let us help you now.