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Updated over 10 years ago on . Most recent reply
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Distressed disaster!!! Buying without inspecting HELP!!
I just went to actually see a home I found online and got under contract in order to get pictures for marketing at the request of a potential buyer. When I arrive I see that the home had been condemned and upon speaking with two neighbors I found out the the owners are all dead and the home has been vacant for 20yrs. The roof had caves in and there "may" be asbestos issue. I planned to wholesale this, but now I can't, in good conscious pass this issue on to another buyer. The only two good things I can see is that the home actually occupies two lots, and it's in a good neighborhood.
I guess I need good advice on what I can actually do. Is it possible to try to sale this for the price of the land, to a land developer? What are the typical costs of demolishing a home w/ asbestos? HELP!!! PLEASE!!!
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If all of the owners are dead, who do you have it under contract with?
Is anyone building new construction in this neighborhood?