Considering the purchase of a bank-owned abandoned property can be a wise first-time buyer alternative for those in the market for a new residence. However, it is essential to understand how abandoned purchases differ from more normal transactions.
Abandoned homes exist in different forms and sizes, but if you can discover one in relatively excellent condition, in a great area with convenient nearby facilities, and at a reasonable price, you may have struck gold.
Finding an abandoned house that needs little or no renovation in a good location is a great way to get on the property market in 2023.
Abandoned house options can be a great way of first time buyers getting their foot on the property ladder. Not only may first time buyers land a great deal, but they may also receive a grant to renovate the property so that it meets the ecological standards required by the state. Although many folk buy abandoned houses to renovate and flip for a tidy profit, an abandoned house may just make the perfect first family home given the necessary care and attention.
Abandoned home sales do not compel an owner to undertake critical repairs, such as a damaged roof or foundation, before selling it on. A response from a bank may also take many weeks, as abandoned properties involve a great deal more paperwork than traditional sales. In addition, the quality of the homes is not guaranteed; the state of abandoned properties varies greatly, with some being acceptable for purchase after a minor refurbishment and others requiring considerable renovations to make them habitable. Check out these abandoned houses for sale here that Comaprionsmaster has put together for you and get on the property ladder in 2023.
A Superb Abandoned Single Family Home, 300 Gaerky Creek Road, Ashland, Oregon 97520
This spacious single family home is a 4,150 ± sq. ft. 1.5 story house with 4 bedrooms, 3 baths, kitchen, living room, office, family room with fireplace, utility room, patios, covered decks, 2-car carport, and attached 3-car garage. The property includes a 900 ± sq. ft. barn, shed, and gazebo. The home is located on 5.05 ± acres with mountain and valley views.
This is a first time buyers dream to get on the property market, with space for a large family and an excellent location that boasts all the amenities you could ask for in a bustling local community. The house does not require any structural work or large renovation projects and is ready to move in straight away.
Auction details:
• Deposit: $50,000 cashier’s check or wired funds
• Starting Bid: $230,000
A Sunny Condo Unit, 3101 Bayshore Drive, Unit 907, Ft. Lauderdale, Florida 33304
Great condition condo unit located on the 9th floor of the W Residences with ocean and city views. The 1,176 ± sq. ft. furnished unit has 2 bedrooms, 2 baths, kitchen, living room, dining area, laundry, and terrace. The unit includes one assigned parking space. Condominium amenities include 2 pools, fitness center, restaurants, and valet services.
This offer is perfect for professionals that want to relax at home while they work and it is very close to local transport hubs and amenities. The condo is in excellent condition after having only one careful owner and requires no additional work done to it. Though the new buyer might want to redecorate.
Auction details:
• Inspections and proof of funds required.
• Deposit: $50,000 cashier’s check or wired funds.
• Starting Bid: $250,000
A Superb Abandoned Single Family Home, 320 Gaerky Creek Road, Ashland, Oregon 97520
This huge Oregon home is a two-story, 3,600-square-foot home with three bedrooms, two bathrooms, a kitchen, living room, office, and family room with a hand-built fireplace, utility room, patios, covered decks, and a two-car carport. The property contains a 700-square-foot barn, a shed, and a gazebo. The residence is situated on 4.05 acres with valley and mountain views.
With space for a large family and an exceptional location that offers all the facilities you might want in a thriving local neighborhood, this home is a first-time buyer’s dream. The residence is move-in ready and requires no structural repairs or major renovations.
Auction details:
• Deposit: $50,000 cashier’s check or wired funds
• Starting Bid: $210,000
A Sunny Condo Unit Up For Auction at 3202 Bayshore Drive, Unit 920, Ft. Lauderdale, Florida 33304
Ocean and city views from the 8th level of the W Residences condo are breathtaking. The 1,199 square foot fully furnished condo apartment also available in Florida, features two bedrooms, two bathrooms, a kitchen, living room, dining area, laundry, and a balcony. There is one allotted parking space for this apartment. Two swimming pools, a fitness center, restaurants, and valet services are provided by the condominium.
This offer is ideal for individuals who wish to work from home while being close to local transportation hubs and facilities. After having only one cautious owner, the unit is in fantastic shape and requires no extra repair or outgoings.
Auction details:
• Required inspections and confirmation of finances
• Deposit: a cashier’s cheque or wire transfer for $50,000.
• Opening offer: $225,000
