While it certainly isn’t mandatory to sell a condemned house, the process of either repair or demolish/rebuild are expensive.
Remediations are typically time-consuming, stressful and difficult. Houses are sometimes condemned due to structural problems, such as foundation issues or collapsed walls. Hazardous materials such as lead paint, asbestos or mold that create a health threat can lead to a property being condemned. Plumbing issues can result in sewage backups, flooding and pest infestation, causing extremely unsanitary living conditions. Another reason for a home being condemned is failure to comply with building codes. Examples are outdated electrical wiring, an older electrical panel or concerns with the roof. Homeowners are responsible for maintenance. If the property is not properly taken care of, it gradually becomes uninhabitable and unsafe. It is then condemned by the local property and becomes nearly impossible to sell. A potential buyer typically requires financing to purchase a home. A property that fails to pass inspection or qualify for insurance is eligible for a mortgage. If the homeowner decides to resolve the problems, the large investment undermines any potential profit. For a condemned house, the best option is often a cash sale. In Arizona, there are a number of cash buyers with a proven history of reliability. Getting started on the process is as simple as a phone call or submitting an online form. The homeowner receives an offer that same day and the closing is normally completed in less than two weeks. There is no need for an inspection, repairs, listings or showings. A cash sale eliminates realtor fees. It is a very simple solution to a complex problem.