DISTRESSED PROPERTIES
DISREPAIR
Homes in disrepair, for instance, can fall into this category, presenting unique challenges and opportunities for owners and Sellers alike. Such properties might suffer from neglect, requiring a range of items from simple whole home cleanups to substantial renovations to meet livable standards.
OPTIONS
While these conditions can deter some owners, they should realize there is help out there, one option could be sell the property and get out, another might be that properties can be placed under property management due to neglect, deferred maintenance, or even troublesome tenants. ​There are many options to discuss and finding the one that fits your needs is what I'm all about, then helping you get to that place where your freed from all the stress.
I let my Family move into a house I own, they have destroyed it what can I do?
Try a calm conversation about the damage and how to move forward. If that doesn't resolve the issue, and rent or agreements are breached, eviction might be required. If all else fails, legal action is a possibility.
My property is no longer in livable condition, can I sell it?
If your property is no longer livable, you can still sell it. However, the buyer profile will likely shift. You'll be targeting cash buyers who can close rapidly or real estate investors who see the potential for renovation and profit. Be prepared for an 'as-is' transaction, where the property's condition is fully disclosed and accepted by the buyer Therefore, your marketing and pricing strategies will need to reflect this specific buyer profile.
I'm getting notices from the city health department that I have orders to repair the property, Can I sell?
Yes, Properties with housing orders from the local municipality can sell to a new buyer. Keep in mind, all orders must be disclosed and acknowledged by any potential buyers. It will require a special buyer who can handle the repairs promptly to satisfy the local housing authority.
Contact us below for a confidential conversation about your specific needs.
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With our help, you can evaluate your best options and find solutions that work for you, whether you're dealing with homes in disrepair or properties needing professional management.
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Understanding the specific needs and potential of each distressed property is key to unlocking your goals, outcomes, their value and success.
