Selling a condemned house in Virginia can have challenges, but it’s not impossible. Local authorities may condemn a house as uninhabitable due to severe structural damage, hazardous conditions, or building code violations. Understanding the violations and exploring available selling options can help homeowners sell their houses fast in Virginia.
Understanding House Condemnation
What is a Condemned House?
A condemned house is a house that has been closed or restricted due to unsuitable living conditions. The most common reasons for condemnation include structural damages, such as roof or foundation issues, health hazards like asbestos or mold, or other building code violations.
Reasons for House Condemnation in Virginia
In Virginia, a house might be condemned for several reasons. Some causes include:
- Structural issues that make a house unsafe for occupants. This can include foundations, roof, termite damage, etc.
- Extensive damage is caused by natural disasters such as floods, fires or storms.
- Unsanitary living conditions like black mold, pests, and sewage.
What Do You Do If Your House Is Condemned?
If your house was condemned, you must correct the code violations that caused the condemnation and have it re-inspected. Failing to do this can lead to fines from the city or local authorities, and could even lead to the demolition of the property. Once a home is condemned, it becomes illegal to live in it. If your home is condemned, you need to do the following:
Understand the Violations
Typically, a condemnation comes with a report. The inspector creates a detailed report outlining the reasons for condemning the property. This should provide you a clear understanding of what’s wrong and what needs to be done to correct the property. If you have questions, you can contact the inspector for clarification.
Make The Upgrades or Repairs
Once you know the issues, you have two choices – either fix the problems or sell the property. Repairs and upgrades can be expensive and take weeks or months to complete. During that time, you may also incur fines depending on the complexity of code violations.
On the other hand, selling the house in its current condition can save you time, money and headaches of handling all that work. A condemned property doesn’t always bring the same cash offer that a livable house might bring, but it allows you to sell without the stress and hassle of costly repairs or renovations.
Disclosure Obligations
In Virginia, the sellers must inform the buyers that the property is condemned. Full disclosure includes showing inspection reports, any notice from the local authorities, and documents to potential buyers.
Valuing the Property
The price of a condemned house depends on the level of damage, the market situation, and the cost of the repairs. Property owners should perform a market analysis and consult a professional before setting the price. You can always contact High Speed Home Sale, and we can provide you with a fair cash offer on your property in the current condemned condition.
Can you Sell a Condemned house?
Selling a condemned house is a little different than normal home sales. You cannot list the property and mark it as habitable, so it will attract far less interest on the market. However, you can sell the land the house is on. Selling a condemned house in Virginia is possible if you make the right decisions. There are three options for homeowners:
FSBO: For Sale by Owner
One option is to sell the property independently, which allows homeowners to avoid real estate agent commissions and maintain control over the process. However, success depends on your market knowledge, marketing skills, and ability to manage the legal and financial aspects of the sale. Selling a condemned house presents unique challenges, so be prepared for a complex situation.
Hiring A Real Estate Agent
An experienced real estate agent can attempt to help in the process of selling a condemned property. Hopefully, they advise you that this will be a unique situation and likely will get minimal traction in the marketplace. The agent can help you list, advertise and negotiate everything, but it comes at the cost of their commission (which can range from 6-7% in Virginia).
Cash Home Buyer Company
The most effective method of selling a condemned house is with cash home buyers in Virginia. These companies focus on buying the property in their current condition. This option is ideal for homeowners who want to avoid the hassle of repairs, getting re-inspected and finally listing the property for sale. High Speed Home Sale streamlines the selling process by making cash offers and managing all the paperwork for you. Although selling a condemned property isn’t fun, we can make it easier.
How to Sell a Condemned House?
High Speed Home Sale offers a hassle-free house selling process. Here’s how our process works:
Step 1: Initial Contact
The first step is to contact High Speed Home Sale and tell us about the property. We will ask for all the reports, inspections and notices related to the property’s condition issued by the relevant authorities.
Step 2: Property Evaluation
Our experts will inspect the condemned house to establish its current state and market value. We analyze the property and market conditions of the area.
Step 2: Get a fair offer
After the market assessment, we might make a competitive cash offer within 24 hours. This offer is not binding, so it is convenient for both parties to weigh the options without pressure. We do not buy every condemned house, but when we make an offer it’s because we believe the situation works for both parties.
Step 4: Closing the Sale
When you accept our offer, we’ll set up the closing at a local title company. We handle the paperwork and help you sell the condemned house as quickly as 7 days from when you say “yes.”
Why Trust High Speed Home Sale
Quick and Competitive Cash Offer
High Speed Home Sales offers a streamlined process for those looking to sell their house fast in Virginia. With the ability to provide a competitive cash offer within 24 hours, our process eliminates the prolonged waiting period that is typical with traditional home selling methods.
No Fees, No Commissions
When you’re trying to sell a condemned property, the last thing you want to worry about are more fees. We have no commissions or hidden fees in our process. The offer we present is the amount you receive. No gimmicks or tricks. It’s simple and straightforward.
We Cover Repairs
Condemned houses bring a wide variety of challenges, including the cost to repair and renovate the property. You will have to pay for those at some point. Or you can let our team buy the property and pay for the updates with our money. We will fix the code violations for you.
Flexibility in Closing
Cash home buyers often allow you to choose your closing date, giving you control over the timing of your move. This flexibility can be especially helpful if you need time to sort out your next steps after selling a condemned house.
Conclusion
Are you an owner of a condemned house in Virginia? Do you want to sell your house quickly without any problems? Get in contact with High Speed Home Sale. We provide a no-obligation cash offer and take care of the entire home selling process, making life easier for you. Contact us today or check our website to find out how we can assist in selling your condemned property within a short time.