How to Buy or Sell a Condemned Home

Condemned homes, often seen as dilapidated properties, can be part of the solution to the U.S. housing shortage, with around 1.4 million residential properties currently vacant. Sellers should understand local regulations, set realistic prices, and consider demolition costs, which can range from $10,000 to $50,000. Buyers need to conduct thorough research, including inspections and title searches, and may require cash purchases due to financing challenges. Both parties should be prepared for a lengthy and costly process.