The increased demand for real estate properties has no doubt made it easier to sell your house in Alabama. However, while selling your house in Alabama might be relatively easy, selling a condemned home is an entirely different game. The sale and purchase of condemned houses are not nearly as easy as buying and selling a home in good condition. So, what if you have a condemned property you intend to sell? In this article, you will learn everything you need to know about how to sell a condemned property in Alabama.
What is a Condemned Property?
A condemned property is one that is seized or closed by the local authorities. Furthermore, a house can be counted as condemned if restrictions have been placed on it by the authorities. More often than not, condemned buildings are largely dilapidated structures in terrible conditions.
Grounds for Property Condemnation
A property may be condemned if:
- Found to have deteriorated continually over a period
- It violates the building codes of the state
- It is unhealthy or hazardous
- Abandoned or poorly maintained
Depending on the action taken by the homeowner, a condemned property may be reinstated. The problem may be fixed, and the house re-inspected and declared fit for habitation. However, if the property is condemned for a major structural problem or a widespread defect, its return to the real estate market might take a huge amount of capital and a long while.
Can You Sell a Condemned Property in Alabama?
As an Alabama homeowner, having a condemned property can put a dent in your prospects to sell your house in Alabama. However, it is possible to sell a condemned property in Alabama. Here are three ways to sell your condemned property in Alabama.
Option #1: Renovate the Property
If your property is condemned by the authorities, chances are there are specific reasons your house was condemned, and you’ve been given some time to address these issues. You could simply fix these issues, renovate the property, and put it up for sale. Not only does renovating your property put it in the right condition, but it also allows you access to better offers. The only downside to this is that depending on the degree of damage in the house, repair might take a huge chunk out of your pocket. Moreover, renovation may take some time and delay your sale.
Option #2: Sell As-Is
A more convenient option as an Alabama homeowner with condemned property is to sell as-is. You could have your house sold in its current condition since repairing condemned property usually costs a great deal. Also, it takes a while to have your house re-inspected and checked as fit. Selling as-is saves you both time and money, allowing you to sell your property quickly.
Option #3: Sell As-Is to a Real Estate Investor
Selling your house to a real estate investor allows you to get immediate payment for the property. Also, virtually no individual in need of lender services will purchase a condemned home.
The Go-To Buyer When Selling a Condemned Property: Rhed Key
In conclusion, finding a buyer to buy a condemned property isn’t as simple as selling a modern home. However, Rhed Key makes it just as easy. You can sell your condemned property in Alabama today for cash. We buy houses in Alabama as-is for cash. Ready to sell your property? Get a quote today-no hidden charges.
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