It’s been said that the early bird gets the worm.
Identify problematic properties by marketing to a list of code violations at the first signs of hardship.
Code violations can run the gamut. Overgrown vegetation, broken windows, graffiti, heating and plumbing issues, roof damage, inoperative vehicles, and a myriad of other problems can put a property out of good graces with municipalities.
Clearly, homeowners with code violations face costly repairs and fines. These repairs are only going up with inflation and the costs of contractors in short supply.
Astute real estate practitioners can reach out to those owners more inclined to sell. Successful strategies include:
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Emphasizing the ability to facilitate a fast sale that removes the aggravation of the homeowner and avoid ongoing fines and increased repair costs as the property continues to atrophy.
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Purchasing a property in “as is” condition, meaning there is no need to make any repairs before selling.
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Offering flexible terms like flexible closing dates and terms to make the sales process as seamless as possible for the besieged owner.
When home inspectors come knocking, so can savvy real estate investors and agents to help them end the aggravation.
