You can sell a property in ANY condition and not have to do anything to it. It all depends on what you need to get out of that property. If you don't want to to anything, you don't have to tear it town, all you have to do is disclose the things that are wrong with it and sell it "As-Is". The As-Is disclosure lets all buyers know that no matter what is wrong with the property, you will not be making any repairs or remediation and they they buy at their own risk. A lot of investors would buy a house in terrible shape for either renovation to flip it or tear it down to build new, but let them take that cost on, rather than you having to put any more money into the property.
Be prepared for very lowball offers, if it is not already priced very low. Investors will look at the cost of the renovations or teardown and take that into account for making their offer and what they could potential make off of the property, so I would not expect anything near market value, especially if it is a tear down.
I would not recommend that you do the demo yourself, I would just list and sell the property as-is and disclose everything required by VA law.
Hope that helps!
Top Producer & Rookie of the Year 2014
Long & Foster, Vienna/Oakton Office
309 Maple Avenue West
Vienna, Virginia 22180
I am assuming the damage is extensive, or you probably would not suggest demolishing and selling for the land ....
Mold is a huge health hazard.
You should contact a mold remediation contractor to find out IF it is possible to remove the mold and the cost of removing it. Make sure that you are dealing with a reputable company that is competent and honest - it is best to interview a few contractors.
Of course, you can always sell the lot, UNLESS the land contributed to the mold - but even then anything can be sold at the right price.
As many of the others have said, yes, you can sell a house that has damage or mold. People do sell homes with damage, typically a buyer will need to pay cash or have a 203k loan to make the transaction work. How damaged the home in might make an impact on the value and the price you are able to sell it for.
I've purchased and renovated flooded moldy homes. I've renovated homes with mold caused by four feet of water in the basement due to a fault ejector pump or frozen pipes that thawed in the Spring and flooded the house for weeks. It really depends on the extent of the damage, size of the home, age, and the community that the property is located in whether it is a tear down or a renovation. Mold can be removed most of the time. Feel free to contact me if you have any questions.
I used to do Real Estate in Springfield, VA with one of the top agents in the area before moving back home to California to do Real Estate. If you want some expert opinions from a local Realtor, let me know.
Of course! FHA 203k depending on price/value, Cash, owner financing, hard money...
Contact me if I can be of assistance..
Erik J. Weisskopf,ABR,CDPE,CRS,GRI