“Condemned house” certainly has an ominous ring to it. And when most people think of condemned houses, they think of those dilapidated houses you see in horror movies. The last thing you want to be dealing with is a condemned house. That being said, just because a house is condemned doesn’t mean you can’t sell it. In fact, you can sell a house fast in Tulsa whether it’s condemned or not.
Many owners of condemned properties prefer selling to a cash home buyer in Tulsa because the process is quick and seamless. On the other hand, if you’re looking to buy a house in Tulsa, purchasing a condemned property might turn out to be one of the best investments you ever make.
Whether you’re a seller who’s trying to get rid of a condemned home quickly or a buyer who’s hoping to strike an awesome deal, you can benefit from reading this blog. We answer all your questions about condemned properties in Tulsa.
What Is A Condemned House?
In simple terms, a condemned home is a property that is no longer safe or suitable for people to live in. If you’re wondering how homes are classified as condemned, you can check out the latest rules put out by your local municipality. Here are a few reasons why homes are classified as condemned:
- The home is completely abandoned or has been empty for over two months.
- All utilities have been cut off, including electricity and water.
- A property inspection revealed that the structure of the property is unsafe.
Can You Live In A Condemned Home?
This is a common question. The rules around inhabiting a condemned home vary from state to state. The best way to answer this question is to connect with your local government or hire a real estate attorney. They can analyze your situation and provide options. Generally speaking, state and local authorities do not permit property owners to rent out or live in condemned properties.
If you’ve been informed that you have a condemned home in Tulsa, you do have options, including:
- Make required repairs and renovations to make the place habitable.
- Vacate the home.
And keep in mind that condemned homes are a magnet for illegal occupants, such as squatters, trespassers, and vandals. They enter the empty property, make it their own, and usually cause further damage. In the end, as the owner of a condemned home, you need to make a quick decision regarding whether you’re going to make the necessary repairs or sell the house fast, as time matters.
This brings us to the next question…
How Can I Sell A Condemned House In Tulsa?
Basic condemned property laws state that while you cannot sell the structure, you can still sell the plot of land. The buyer usually bears the price of tearing down the structure. And keep in mind that any buyer who needs a mortgage cannot buy a condemned property. The best and easiest way to sell a condemned property is to go for an as-is sale. All you have to do is reach out to cash home buyers near you and check to see whether or not they’re willing to invest in your property.
Usually, cash home buyers are professional real estate investors who buy houses in any condition—even when a home is condemned. They do a quick inspection of the property, calculate the cost of necessary repairs and renovations, and then provide you with an estimate of what your property is worth.
And when you sell to cash home buyers in Tulsa, you don’t have to pay any service charges, closing fees, or commissions, so you save thousands of dollars. If you’re looking to get rid of a condemned property, selling it for cash is the easiest and quickest option.