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  #1  
Old 04-02-2009, 12:26 PM
Lance777 Lance777 is offline
 
Join Date: Apr 2009
State: Ohio
Professional Status: General Public
Posts: 4
Unhappy I have a condemned home and want to sell

I have a condemned home and want to sell it. How do I sell it ? Can I sell it? Is it legal or illegal to sell. The house is structurally sound. It is repairable. Its the theives and vandals that keep us from doing much with it. Everything from electrical wiring to copper piping has been stolen so with that and tearing out the drywall to get to all those things me and my wife are not willing to put any more money into it. We dont have the time or the money right now to do it. One good thing about this house its paid for, I guess thats sort of a plus. What do I do?
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Old 04-02-2009, 12:44 PM
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Mike Millson Mike Millson is offline
 
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Location: Northern VA
State: Virginia
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Where in Ohio is the house??
  #3  
Old 04-02-2009, 12:51 PM
Lance777 Lance777 is offline
 
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State: Ohio
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Default City where condemned home is.

The house sets at 3840 Gallia Street Portsmouth, Ohio 45662
  #4  
Old 04-02-2009, 01:03 PM
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redfish redfish is offline
 
Join Date: Sep 2007
State: Michigan
Professional Status: Certified Residential Appraiser
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Board it up, appeal your taxes, and sit on it until the foreclosure crisis passes.
  #5  
Old 04-02-2009, 02:16 PM
Lance777 Lance777 is offline
 
Join Date: Apr 2009
State: Ohio
Professional Status: General Public
Posts: 4
Unhappy Thanks

Thanks for the words of wisdom redfish but not quite the answer I was seeking. This is a serious matter and we want to sell this house. We do not want to sink anymore money into it, just get what we can and give this headache to someone else. We are tired of break ins, we looked into a security system but we do not have the money for that either, it would be stolen in this town, the furnace that was locked in the basement was stolen for petes sake so I just need an answer too my questions not what i should do, so please if anyone else can answer my thread the way it needs to be answered, please do so. Thank you.
  #6  
Old 04-02-2009, 02:35 PM
kickerdad kickerdad is offline
 
Join Date: Jan 2009
State: California
Professional Status: Retired Appraiser
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I am not in Ohio, but you can most likely sell it. Unfortunately, no one can live in the house until the government ageny that condemned it removes the condemnation.

Check with that agency on its requirements regarding selling it and occupancy restrictions.
  #7  
Old 04-02-2009, 03:28 PM
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DTB DTB is offline
 
Join Date: Jun 2004
State: Illinois
Professional Status: Certified Residential Appraiser
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Get a guy who knows a guy. And make sure your property insurance is paid up. I'd start looking in Youngstown.
  #8  
Old 04-02-2009, 03:59 PM
Em Tee Em Tee is offline
 
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Location: Bay Area, California
State: California
Professional Status: Certified Residential Appraiser
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Sounds like you should market it as a "tear down". I don't know what your market conditions are like for lots, but that might be your only option.
  #9  
Old 04-02-2009, 06:18 PM
MARK JOLLIFF MARK JOLLIFF is offline
 
Join Date: Oct 2003
Location: Pleasant Hill CA
State: California
Professional Status: Licensed Appraiser
Posts: 662
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How are rents in the area? If you borrow 20k to fix up and the payments are $150 on a credit card then rent it for $250. I don't know if this is cheap for the area. If it is then you can have someone live there just to keep an eye on it. When the market turns you could make some nice coin.
  #10  
Old 04-02-2009, 08:27 PM
Walter Kirk Walter Kirk is offline
 
Join Date: Jun 2003
Location: Audubon, N.J.
State: New Jersey
Professional Status: Licensed Appraiser
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You may legally sell your property at any time. When you say that the property is condemmed I assume that you mean that the improvements ( the house) have been cited by the some government entity.

A condemnation can also be when the government wants to force you to sell your property to it.
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