Regan, my 10-year-old daughter, and I once drove up to an abandoned house a few miles from our home out of curiosity early this year. We circled back to the back door, which was only slightly open. We decided to take a quick look inside because what the heck. It was quite unpleasant and a little frightening. There were heaps of soiled, outdated blankets. Papers from a drawer were scattered everywhere. In one corner were dirty garments. Just filthy ones, not ancient ones. We quickly turned around when we heard a slight squeak from the back door. We felt fear! However, it was only the wind. As soon as we left the home, two automobiles arrived out of nowhere. With a woman in one, and two males in the other. Since this was private land, they gently requested us to leave. No issue. We walked, a little ashamed, to our van and drove off. This made me consider more deserted homes, so I started browsing for pictures online. Here are a few
What exactly is a vacant house?
An empty home that has been abandoned is one that has been left unoccupied for financial, legal, or other reasons. Due to budgetary constraints, the majority of abandoned properties are often dilapidated and in need of renovation. Because they sell for less than market value, abandoned homes are desirable real estate for investors, investors who flip houses, and wholesalers.
How to purchase a foreclosed house?
I. Find a vacant building.
II. Verify that it is discarded (and not vacant).
III. Find the property’s owner and make contact with them.
IV. Check out the house, then submit an offer.
Locate a Foreclosed Property
You must first find an abandoned house in order to purchase it, and there are numerous ways to do this. To get you started, consider the following choices:
- Look for residences that appear to be vacant. This is a simple strategy, but it might be challenging to tell an abandoned house from an unoccupied one. Overgrown grass and weeds, fading or chipped paint, no cars in the driveway, structural problems, and other factors are typical indications of abandonment.
- Find out whether any vacant houses are on the routes taken by a mailman or delivery person. Daily carriers frequently travel to your neighborhood and the communities around. Ask them whether they’ve seen any houses that appear to be empty or abandoned the next time they bring mail or a package. They probably pass one or two of them almost daily as they drive by.
- Visit the county clerk’s workplace. By going to the county clerk’s office, you might be able to identify abandoned homes because the government keeps records of property ownership.
- Look into local real estate auctions. Due to infractions of federal laws, the government seizes real estate around the US. Check the dates and locations of any upcoming local real estate auctions to make sure you can attend the sale of these residences.
- Call nearby realtors and ask about foreclosed properties. Local realtors are aware of unoccupied and abandoned properties because it may have an impact on their business. Nobody desires to purchase a house close to an abandoned one. Ask a couple of realtors if they know of any, then check with them.
- If banks have a list of properties facing foreclosure, ask them for it. When facing bankruptcy or foreclosure, some homeowners decide to completely vacate their property. If this occurs, the legal process can be drawn out. Visit these banks to learn more about properties that have been foreclosed on or are being repossessed.
Verify that it is discarded (and not vacant)
It could be difficult to distinguish between an abandoned house and one that is simply uninhabited at first glance. This is particularly true if the house is in poor condition. However, the distinction is significant since the owner of a vacant home retains legal ownership of the property, whereas the owner of an abandoned home has relinquished all ownership rights.
Even if the majority of owners of unoccupied homes don’t reside in the same city as the home itself, this may make it a little easier for you to cope with a home that appears to be abandoned. You might ask your neighbors if they know anything about the house or its past occupants. Additionally, the owner’s address should be listed in public records, so you, the neighborhood HOA, or even the local administration or police force can get in touch with them to try to resolve the issue with the house.
As a general rule, owners of abandoned properties don’t want to deal with the inconvenience of selling their homes or making repairs. You might try informing the owner of the unoccupied house about services like We Buy Ugly Houses to stop it from being abandoned. Even a homeowner who lives out of state can use our quick, simple, and convenient services to sell their house as is.