What is an abandoned house? It is a home that is vacant, typically due to bankruptcy, foreclosure, and financial or legal reasons. The vast majority of vacant homes are due to financial reasons, and they usually are run down and in need of repair. For this reason, these types of properties are attractive to investors, flippers and wholesalers because they sell lower than market price.
Do you have an abandoned home in your neighborhood that you would like to do something about? Or are you interested in buying an abandoned home for yourself? Here are a few tips on what your next steps should be…
How To Buy An Abandoned Property
First, you need to find an abandoned property. There are a few ways to accomplish this: search for one in your neighborhood, ask a mail carrier, look at property auctions in your area, call a local realtor, ask a bank for a list of foreclosures in the area, or inquire at the county clerk’s office.
Second, you need to track down who owns the property and contact them. You can ask neighbors if they know anything about the owners or previous tenants. You can also access public records to find this information. Then you can reach out to the owners to see if they would like to sell the property.
Lastly, inspect the property and make an offer. It is important that you always inspect a property that you are interested in buying. It may have some major problems that aren’t necessarily easy to see. You want to know what you are getting yourself into.
What If You Are Not Interested In Buying An Abandoned Home?
Is there a property on your street that looks abandoned? Is it obviously not taken care of and in a lot of disrepair? You may think it’s no big deal having an abandoned home next door, but it is…
Not only does an abandoned home in your neighborhood bring down the value of YOUR home and lower its curb appeal, but they are also well-known for attracting crime. Vacant homes can often be a target for squatters and drug dealers, and this criminal activity will continue to bring down property values, as well as put your home and your family at risk.
What Can You Do If There’s An Abandoned Property In Your Neighborhood?
Is there a property that is clearly abandoned or vacant and you would like to do something about it? Give MA/NH Home Buyers a call or text at (978) 755-0782. We find out who the owner is and offer to purchase the property. Most of the time, the owners of these type of property do not have the time or money for upkeep but also think they are unable to sell due to repairs that are needed.
MA/NH Home Buyers pays a handsome referral fee – $500 CASH. If you let us know about an abandoned or vacant home that we wind up buying, we will pay you $500 cash! It’s a win-win for all parties involved.