I Have an Extra Property: Should I Abandon it or Sell it for Cash?

 It is not difficult to find abandoned and neglected properties in Oakland County because there are many. Have you ever wondered why people leave their houses unattended for years? 

Some reasons could be structural damage, costly repairs, non-paying tenants or mortgage, and tax default. Well, these reasons are countless and vary from one person to another. 


At Detroit Cash For Homes, we work as real estate cash buyers in Oakland County for more than three decades. We have assisted thousands of homeowners in making the right decision regarding their houses. Also, we receive a lot of queries from homeowners. 


One of the common questions is: Should I abandon or sell my extra house? 


It is more tempting to leave the house alone because it is convenient and requires no effort. On the other hand, selling a property involves repairs and renovations, staging, listing, showings, commissions, and much more. Of course, this is only if you choose a traditional route. In this post, we will explain why homeowners should never abandon their properties.


  • Abandoning a property Vs. Selling it: Which is the right option? 


Abandoning a property comes with several risks and ugly consequences that no one would like to face. If you are thinking about doing this, be ready to face them all. 


One of the primary consequences of leaving a house unattended is legal liability. For example, if someone claims that they got severely injured while meandering on the abandoned house, you may be held legally liable if it is in your name. Please remember, there will be many people hunting for opportunities to take advantage of your situation. Besides this, you may have to deal with other issues, such as:

    • Damage by an animal or pest 
    • Vandalism 
    • Water damage due to neglected gutters and roofs
    • Frozen and busted pipes because of extremely cold weather 
    • An easy target for theft 
    • Code violations, penalties, and legal threats by the local code enforcement 
    • Frustrated neighbors


All this will add to your ongoing issues. For this reason, it is advisable to sell your home for cash rather than abandon it. 


  • Sell a house as-is 


If you are worried about the time and money it takes to sell a property, go for cash home buyers like Detroit Cash For Homes. We buy houses in Oakland County as-is without any improvements, showings, appraisals, and listings. Our selling process is quick and hassle-free. Once you hand over your property to our professionals, they will make a fair cash offer within 24 hours. Depending on your convenience, we will close the deal as early as possible. 


If you are looking for the best place to sell your abandoned house for cash, get in touch with Detroit Cash For Homes. We buy houses for cash in Oakland County in any condition with no repairs, renovations, listing, commissions, and closing costs. Call us today to know more! 

Comments

Popular posts from this blog

Mistakes to Avoid When Selling Your House for the First Time

Selling Your House As-is: 4 Legal Considerations to Keep in Mind

Selling a House for Cash in 2023: When is the Right Time?