What, exactly, are you supposed to do with an abandoned house in Utah? Should you hold onto it and fix it up? Should you rent it out? Should you try to sell it on the market? Should you sell it to a cash buyer fast? There are a lot of options and all of them depend on your situation as well as how fast you need to make a decision.
How do people end up with abandoned houses? You’d be surprised how easy it can be to find yourself in this situation. You might inherit a Utah house you didn’t want. You might own multiple properties without any interest in maintaining them or you’re overwhelmed with the prospect of keeping each one up. You might run into financial trouble and be unable to keep up with the property that you own. You could have a rental property that your tenants leave as a disaster and you don’t have the means to clean it up. Or perhaps you simply don’t want to own the property anymore and it’s not worth it to do any kind of upkeep.
It’s worth noting that there are a lot of abandoned homes in America so it’s not uncommon to have to deal with one. If you find yourself with an empty house that you need to sell in Utah fast, you should consider selling it to Cash Quick Buyers. We’ll buy your abandoned property for cash and we can close within days, saving you a lot of headaches and hassle.
However you decide to sell an abandoned property in UT, let’s take a closer look at what you need to know.
How To Sell An Abandoned House In Utah
Why You Should Sell an Abandoned House
If you own an abandoned house and aren’t thinking about what to do with it, you could get yourself in trouble, financially or legally. There are quite a few reasons to consider selling an abandoned property, some of which are obvious but some of which may have occurred to you.
First and foremost, abandoned buildings are huge magnets for crime. It’s a sad truth that vacant buildings are where illegal activity tends to happen. Even if the crime rates are falling in your area, there’s a decent chance you’ll find crime happening in abandoned buildings and homes where those committing the crimes can hide. Your empty house is a prime location for this.
There are also some important health reasons to sell an abandoned house. Vacant properties are major hotspots for bacteria, mold, and insects. It’s exactly the kind of environment where people with health problems can suddenly feel a lot worse. Per a recent study, there was a correlation between living near an abandoned building or vacant lot with public health problems such as mental health or chronic illness. You don’t want to have to deal with something like that.
If your abandoned house isn’t actually abandoned, that could be a real problem too. It’s not uncommon for squatters to move into empty houses and try to claim the right to live in an abandoned property. Many states allow for a person to secure the right to live in an abandoned building or house if they can establish residency and maintain it. Adverse possession, as it’s known, could cost the owner the property or put them in legal trouble.
If the house is truly empty, that probably means that it’s going to fall apart faster than a maintained house. Abandoned houses deteriorate faster than those with tenants. The longer a house sits unoccupied, the more likely it is that there are going to be problems, and those problems accumulate and add up.
Finally, owning any kind of property comes with costs and there’s little reason to keep paying those costs on a house that’s going to sit abandoned. Even if that’s the case you’ll still have to pay utilities and taxes. If the city catches wind of the property’s condition they might start fining you for violations. And if you wait too long or don’t pay what you owe, the government can repossess the house and leave you with nothing to show for it except unpaid bills.
Abandoned House Laws in Utah
Utah law deems a house as “abandoned” when the tenant leaves without telling the landlord that they will be doing so, when there is “no reasonable evidence that the tenant is occupying the premises,” and if the person living in the house has failed to pay rent or make other payments beyond 15 days. If a tenant has abandoned the property, the owner must store their property while also following the correct procedures with the state.
How To Sell an Empty House
If you want to move quickly and sell your abandoned house in Utah, you’ve got a few things you need to consider. The first of which is how you want to sell the empty property. If you plan on selling the house on the open market, you’ll need to make some choices.
First, assess the condition of your abandoned Utah property and compare it to other properties on the market nearby. You’ll want to get a sense of how other properties are selling, what they listed for, what they eventually sold for, and what kind of condition they were in when they sold. An inspector can give you an honest assessment of your property as well, though you’ll have to pay for that. The value is that they might even make you aware of issues you didn’t know about, saving you some headaches.
If you set a price but aren’t seeing any offers, you’ll need to adjust accordingly. Consider that market buyers aren’t always going to jump to buy abandoned houses in rough shape. Consult Utah real estate professionals as well, but remember that if you use a real estate agent to sell your abandoned house that they’ll be taking a commission fee. That’s usually four, five, or six percent of the eventual sale price.
Making Repairs on the Property
If you do decide to sell your abandoned Utah house on the market and you realize that the house is not in great condition, you’ll need to consider making repairs on the property. Make a list of every potential repair, renovation, or upgrade possibility and try to rank them based on cost and time involved. This can be everything from a leaky roof or flooded basement down to a broken fixture or old wallpaper. Once you have a good sense of what’s involved, figure out what you can afford to fix and what is worth your time. If it’s a big project, decide if you think you’ll be able to recoup the cost in the final sale price. If not, it might not be worth doing.
Selling an Abandoned House As-Is
If you decide that you don’t have the money, time, or interest in making repairs needed to get a good market price, you should consider selling your abandoned house as-is. As-is means the current condition, so you need to find a buyer who is interested in buying your empty house exactly as it stands right now, no matter what. You’re looking for people or companies that want to flip the house for a profit down the road.
This is where cash home buyers like Cash Quick Buyers come in. We pay cash for your house as-is so that we can do the repairs ourselves and then re-sell the house later on. But we always make sure we’re giving you the best offer possible, no lowball offers here. We buy houses in any condition. We buy houses as-is, which means that we will buy your abandoned house exactly as it stands. No need for repairs or cleaning of any kind. We’ll buy your house in Utah and we’ll pay you cash for it.
Selling to Cash Home Buyers Options
Selling to Cash Home Buyers also means that you avoid real estate agent commissions and there’s no need to wait for lenders to approve a loan. When you sell to Cash Home Buyers, you deal directly with us and we make you a fair offer quickly, often within 24 hours. It’s up to you to accept and decide how fast you want to close on the sale. Once we close on your abandoned house, we give you cash and let you walk away. You don’t have to worry about any fees, taxes, fines, or payments.
Mistakes To Avoid When Selling an Abandoned House
It’s easy to make mistakes when selling an abandoned house, especially if you’re inexperienced in selling your house to a cash buyer. The most important thing is to make sure you know who you’re working with. Don’t just work with any cash buyer, do your research. Look up their website, check our testimonials from past clients, and see what their BBB rating is. There are scammers out there who will make you a big offer to reel you in but then take it away once you’ve signed an exclusive deal. You also should never have to pay anyone for the right to sell your house to them. There are no fees and no upfront costs when selling a house to Cash Quick Buyers.
As you can see there are a lot of ways to sell an abandoned house in Utah. You don’t have to rely on market buyers in order to sell your house as Cash Quick Buyers can buy your house right away and give you cash for it. We can give you cash for your abandoned house and you won’t have to pay any fees or commissions. Selling your abandoned house in UT is easy to do and we want to help you do it. Contact Cash Quick Buyers today to start the process of selling your abandoned Utah house or property.