Your property could be condemned for various reasons, including unacceptable living conditions and eminent domain. Condemned property in Birmingham arises from a lengthy process that requires court proceedings and multiple inspections from local authorities. Many homeowners decide to part ways with their condemned homes instead of shelling out thousands of dollars to make the required repairs. However, whether or not you can sell your home depends on local regulations. Let’s take a closer look at the condemned property to help you understand if you can sell your house in Birmingham.
What Is a Condemned Property?
A condemned property means the government or other local authority has seized it from the owner. There’s usually a court proceeding before the condemnation, and the owner may receive some form of compensation. Condemnation commonly occurs through eminent domain – a process by which the government acquires land for public use. Aside from eminent domain, the government can also seize your property if you have unpaid property taxes or if it deems the house unsafe. In some cases, owners may be able to fix the issues and have the property returned to them. In other cases, the government may keep the land permanently.
Can You Sell a Condemned Property?
Yes, there are two ways to sell condemned property. The first way is to make all the repairs needed to return the home to a livable condition. If you don’t have the cash to make the repairs, you can sell the house “as-is.” It’s important to note that you can’t sell a property that the government has acquired through eminent domain.
Unfortunately, selling a condemned property can be a bit difficult. If the home isn’t in a livable condition, buyers won’t be able to receive standard financing. In addition, many of these homes are complete “fixer-uppers” – not small projects you can complete in a day or two. Moreover, the local government may not allow you to sell the condemned property until you have made repairs.
Given the complexity of selling a condemned home, the best path is to sell to a cash buyer. RhedKey Properties has made dozens of cash offers for condemned properties in Birmingham, AL, and we don’t require you to make any repairs! Please contact us today if you want to sell your home in Alabama.
Selling a Condemned Property to a Cash Buyer
Depending on your jurisdiction’s rules, you may be able to sell your home to a cash buyer. RhedKey Properties purchases condemned property in Birmingham. Our team will give you a fair cash offer within 24 hours. When you sell to a cash buyer, you don’t have to pay realtor commissions or hidden fees. You also don’t have to worry about the typical back-and-forth negotiating when you list your home on the MLS. There are no gimmicks – you will receive what the cash buyer offers!
Get an Offer from RhedKey Properties
Are you looking to receive cash home offers in Alabama? If so, you’ve come to the right place. We buy houses in Birmingham and make it easy to sell your house in Alabama. We’ll give you a competitive cash offer, even if your home is in a condemned status. Please contact us today if you’re ready to receive an offer on your home!
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