Wednesday, September 26, 2012

Can I Buy Condemned Property? | REALTOR.com? Blogs

questions

Q: How do I go about obtaining property next door to me that has been abandoned for about 10 years and condemned for about 5? The taxes are being paid but the property isn?t being maintained. I have contacted the city with no results. The house and property are a hot mess with the house falling in and grass over grown hole in the center roof of the house. I am being bothered by snakes, rodents, and bugs. Homeless, children playing and others in/out house. It?s unsafe?taxes are still going up by property value down. Several people have inquired about buying the house owner won?t sell or claims it has already been sold but it is still listed in his name. As stated property taxes are paid. City states on tear down list but no money to tear it down but for 5 years? I think I am getting the run around because of my neighborhood and the fact I am probably the only one complaining. Other homes here are the elderly or a lot of rentals. What are my options for buying this property?
?Frustrated, Meridian, MS

A: Dear Meridian-
A call to your City Tax Collector will help you determine the source of the taxes being paid.

Of course recommending a Realtor comes next. Do you know the value of the property? Do you think a third party would allow you to get a more competitive negotiated price?

?Snakes, rodents and bugs? issues?coming from your agent may induce different responses than if you phoned or visited the owners?unless you have an Attorney with you.

Good luck with your dilemma!
Larry Simons is a Realtor? with Century 21 Maselle & Associates in Flowood, MS

A: If you?ve contacted the owner and he won?t sell and filed the appropriate complaints with code enforcement, I am not sure there is much else you can do except keep asking and complaining. You could ask a local Realtor to speak to the owner on your behalf and see if that works.
Teri Andrews Murch is a Realtor? with Lyon Real Estate in Auburn, CA.

A: I am not familiar with the laws in MS however I can give you the worst and best scenario?Worst being that the taxes are being paid, and until the city has the means (law) and the funds, you may be waiting a lot longer. Best being, contact your county and confirm they can or can?t do anything about it. If the county is not an option, then contact your local city council, or Senate rep. If they are looking for votes, they will help you. Many times being the squeakiest wheel you can be with local representatives has helped. Good luck!
Renee Page is a Realtor? with Realty Executives in Newhall, CA.

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Source: http://www.realtor.com/blogs/2012/09/25/can-i-buy-condemned-property/

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