Where And How to Find Abandoned Property for Sale (2023)


  • 1 Abandoned Property Guide
  • 2 Why Abandoned Properties?
  • 3 How to Find an Abandoned Property
    • 3.1 Look Around the Neighborhood
    • 3.2 Ask Around the Neighborhood
    • 3.3 Check with Local Authorities
    • 3.4 Consult Local Real Estate Professionals
  • 4 Make Sure It’s an Actual Abandoned house
  • 5 Track Down the Property Owner
  • 6 Get Your Home Inspected
  • 7 Place an Offer
  • 8 Final Thoughts

An abandoned home is a property that has been left uninhabited owing to foreclosure, bankruptcy, or other financial or legal issues. Because most properties are abandoned for economical reasons, they are usually dilapidated and in need of renovation. As a result, investors, flippers, and wholesalers are attracted to abandoned homes since they sell for less than market value.

If you are interested in investing in such properties but not sure of how you can find abandoned properties for sale, do not worry. We got you covered!

Property Escape has prepared a guide for you whether you’re considering buying an abandoned property to live in or to flip it and make profit!

Abandoned Property Guide

For homebuyers, purchasing an abandoned house might be a great deal. Where can you locate abandoned buildings for sale just if you’re seeking them?

“Abandoned house for sale” isn’t something you’d expect to see on the side of the road (is this manner of selling even legal?). However, abandoned houses that have not been claimed by their owners may be enticing to potential property purchasers as low-cost acquisitions.

(Video) How to Find Abandoned Houses for Sale

The term “abandoned property” refers to a residence whose original owner is no longer living there. The house is run-down and in need of repair due to the owner’s financial issues. If your state’s laws enable you to claim this form of property, it’s worth looking into.

Some abandoned, unclaimed properties, on the other hand, turn out to be in good shape, and the owner may desire to sell before foreclosure. This might provide the correct buyer a chance to buy the abandoned property or unclaimed house at a reduced price, and you could make a substantial profit if you subsequently flip it.

Where And How to Find Abandoned Property for Sale (1)

Why Abandoned Properties?

New real estate investors seldom purchase abandoned or deserted properties, largely because rehabilitating them may be hard and risky. Abandoned properties are among the cheapest real estate options available, and may be purchased for far less than market value by astute investors. Abandoned homes may be converted into high-ROI properties with numerous prospects in the hands of the appropriate house flipper.

When it comes to purchasing an empty building or a damaged property, there are a few things that an investor should be aware of before getting started. Because these properties aren’t often listed online or in print, finding one will be the first challenge. Then there are additional obstacles to overcome, such as locating the owners, determining the cost of repairs, and other considerations that must be considered before you can be certain that the investment will be profitable.

How to Find an Abandoned Property

To acquire an abandoned house, you must first locate one, which may be done in a variety of ways. To get you started, consider the following alternatives.

Look Around the Neighborhood

You might be thinking “how do I find abandoned properties near me?” Well the answer is in the question itself! Start looking from the nearest place, the neighborhood you live in!

(Video) How To Buy Abandoned Property

Look for properties that appear to be abandoned. This is a simple strategy, but it might be difficult to tell the difference between an abandoned property and an empty home. Unruly grass and weeds, chipped or faded paint, no automobiles in the driveway, and structural problems are all typical problems of abandonment.

Ask Around the Neighborhood

If you ask a postmaster or a delivery person if they encounter any abandoned houses on their routes, they will likely say yes. Daily couriers visit your neighborhood and the nearby areas regularly. Ask them whether they’ve come across any properties that appear to be deserted or abandoned the next time they bring mail or delivery. They probably pass by one or two of them on a daily basis.

Check with Local Authorities

Make an appointment with the county clerk. You might be able to identify abandoned homes by going to the county clerk’s office because the government keeps property ownership data.

Inquire with banks to see if they have an inventory of houses under foreclosure. When a homeowner is facing bankruptcy or foreclosure, they may forsake their house entirely. The legal procedure might take a long time if this happens. So go to various banks and ask about homes that have been foreclosed on or are being repossessed.

Where And How to Find Abandoned Property for Sale (2)

Consult Local Real Estate Professionals

Inquire about abandoned houses with local realtors. Because it might harm their company, local realtors are aware of abandoned and unoccupied properties in the region. Nobody wants to buy a house adjacent to one that has been abandoned. So check with a few agents to see if they are aware of any.

Look into local property auctions. Due to infractions of federal laws, the government seizes real estate holdings across the United States. These properties are frequently sold in local real estate auctions, so find out when and where they will be held and make plans to attend.

(Video) How to Find and Acquire Vacant Properties

Make Sure It’s an Actual Abandoned house

It may well be difficult to discern the distinction between an abandoned property and one that is simply uninhabited at first look. This is especially true if the house is in poor condition. The distinction is significant because a vacant home has someone who claims legal responsibility for it, but an abandoned home’s owner has relinquished all rights to the property.

This implies that dealing with an apparently abandoned home may be a little easier for you, even if most unoccupied homeowners don’t reside in the same city as the home. You might ask your neighbors if they have any information on the property or its former renters or owners. Furthermore, public records should contain the owner’s address, allowing you, the neighborhood HOA, or even the local government or police department to contact the owner to try to find a resolution.

Track Down the Property Owner

Checking your county’s tax assessor website is the easiest approach to figure out who owns an abandoned piece of property. It’s possible that you’ll have to pay a tiny cost, but it’ll be well worth it.

It will take some detective work to track out the proprietors of an abandoned building. Because you’re already going to your tax department to seek possible properties, this should be your first stop for locating their owners. You may identify the most recent owner and some contact details by looking at the land tax documents. At the same time, you may see if the property owes any back taxes; if it does, you can inquire with the authorities about if the property will be placed up for auction at a tax sale anytime soon.

Remember that if the postal address is the same as the address of the abandoned property then this may not work. It’s possible that the owner still checks their mail or that it has been sent to their new address. As a result, you should continue to approach them and show your interest in purchasing.

Get Your Home Inspected

Always get a house inspected before making a purchase. When it comes to abandoned properties you are looking at years of neglect and have no idea how bad it can be.

You have no clue why the house was abandoned; it might be due to physical deterioration, foundational concerns, or a variety of other factors. Regardless of your future plans about the property, you must get it inspected and fixed to ensure that you will still earn a profit from the purchase, you must account for the cost of any improvements.

(Video) How Do I Buy a House That's Been Abandoned?

After you’ve discovered a possible abandoned house and have been pre-approved, you’ll need to factor in the price of restoring it to its former glory. Get a thorough evaluation of the property and make a list of what needs to be repaired and how much it will cost.

An appraisal charge, pest and lead inspection fees, title insurance, closing costs, and other legal fees are all included in the cost of claiming abandoned properties.

Where And How to Find Abandoned Property for Sale (3)

Place an Offer

It’s time to make an offer if you’ve decided you want to buy the house. It’s possible that you’ll be working with the original owner, a bank, or even the government. In any case, you must factor in the expense of repairs before making an offer.

Before you make an offer for the property, run the figures. A real estate agent can also join you at the premises and explain any additional costs that will be incurred after the purchase. The agent can also assist you in determining how high you should offer. Look for the proper prospects, and you’ll locate a house that fits your budget well.

Final Thoughts

Although abandoned properties investment may not be the ideal match for every new real estate investor, it may be extremely rewarding for the right person. The difference between an investor who has done their homework and has a good understanding of what they’re getting into and one who goes in blind and buys properties at face value will be whether they’ve done their homework and have a decent notion of what they’re getting into.

Abandoned properties can be particularly inexpensive, as they are below market value in their communities, but with repair, they can achieve high values, resulting in substantial investment gains. Given the investor’s ability to deal with a lender, this can be an excellent method to profit from real estate without putting too much money down.

(Video) I Found an Abandoned Property, Now What Do I Do?

While there are several benefits to acquiring an abandoned property, it’s vital to remember that flipping them is rarely simple. Yet, if you are successful in rehabbing the house, the property worth of the house, the street, and the community will all improve. Just make sure you put in some effort to do your schoolwork beforehand.

If you currently have a house to sell in California contact us and we will buy it directly from you! You don’t have time to spend hours searching Google for the best strategy to sell your California house!


How do I find abandoned property near me? ›

Check with Local Authorities

Make an appointment with the county clerk. You might be able to identify abandoned homes by going to the county clerk's office because the government keeps property ownership data. Inquire with banks to see if they have an inventory of houses under foreclosure.

How do people find abandoned places? ›

Find Abandoned Places From Your Own Home

If you want to explore other places around the world, abandoned or not, then you should have a play around with Google Earth. It offers virtual tours that let you venture into areas you've never even heard of, all from the comfort of your own home.

Is Buying abandoned property worth it? ›

The major draw to an abandoned home is buying the home well below market value. Whether you're buying the property to flip or to live in, you'll likely be able to save a substantial amount of money buying an abandoned home compared to a standard home on the market.

How do I claim an abandoned house in SC? ›

The holder may either refer the owner to The South Carolina Unclaimed Property Program office to obtain a claim form, may send a request in writing authorizing us to pay the owner directly, or may make payment to the owner and then seek reimbursement from The South Carolina Unclaimed Property Program using the Holder's ...

Can you buy an abandoned house? ›

The answer is yes, you can. However, purchasing an unoccupied and abandoned property may not be as straight forward as purchasing an occupied residential or commercial property.

How to get a free home? ›

There are two main ways to get a house for free. One is to get a mortgage on a rental property, and have your tenants pay off the mortgage. The second is by squatting.

Is there an app to find abandoned places? ›

Try abandoned places near me. Abandoned World *officially* allows you to discover the exact location of Urbex spots. Easy to use and functional! Exploration is guaranteed!

Is going into abandoned buildings illegal? ›

Trespassing is against the law—you can even get arrested. Many old factory buildings still have dangerous chemicals inside them. Touching or breathing these chemicals can be very bad for your health. Learn more about the chemicals that can be found in abandoned properties and buildings .

What happens to abandoned houses in USA? ›

Local governments will seize properties that have been vacated and left unoccupied for a long time and tend to attract undesirable attention. There are two terms when it comes to abandoned properties: Distressed property, this is a home in a bad condition due to financial problems, or just plain neglect.

Why are homes abandoned with everything left behind? ›

A house that is abandoned usually is one that has been left unoccupied and vacant due to foreclosure, bankruptcy, or other financial or legal reasons. Local governments are usually not collecting property taxes anymore from the original owner.

How much does it cost to flip an abandoned house? ›

A house flipper can expect to pay around $20,000 for a full renovation of a home in good condition. But a home that's battered and beaten, either due to neglect, vacancy, or disaster, is likely to require a higher flipping budget. Investors can expect to put in up to $100,000 on restoring a home in poor condition.

What is the law on abandoned property? ›

Generally speaking, landowners will still have a claim to the property long after it has been 'abandoned' and any squatters who are hoping to claim it through adverse possession will need to stay there continually for many years before the ownership reverts to them.

How long before property is considered abandoned in South Carolina? ›

(A) Intangible property held for the owner by a court, state, or other government, governmental subdivision or agency, public corporation, or public authority which remains unclaimed by the owner for more than five years after becoming payable or distributable is presumed abandoned.

How long can you use land before it becomes yours? ›

Minimum time requirements – Before any adverse possession application can be considered you must have been using (or in possession of the land) for at least ten years.

How do you claim land that is not yours? ›

The conditions under which you can claim legal title to the land are as follows: If the land is unregistered, the individual(s) must show they have treated it as their own for 12 years without the legal owner's consent. No application needs to be made.

How do I claim abandoned property in Texas? ›

Unclaimed Personal Property

Once the personal property is considered abandoned under the law, it must be reported to the Texas Comptroller. Texans can search for unclaimed property in their name through the Texas Comptroller's website and submit a claim.

How long does it take for an abandoned house to fall apart? ›

After three years, huge part of the roof would start to collapse. Plants would start to grow inside the house breaking apart cement floor. After 4 years, the walls would become severely rotted and wall ceiling and walls would start to fall. After 5 years, the house is completely unrecognizable.

How do I claim abandoned property in NC? ›

  1. CLAIMING. YOUR PROPERTY. Search Unclaimed PropertiesCheck the Status of a ClaimUpload Claim Documentation.
  2. HOLDER. REPORTING. Submit a ReportSubmit a PaymentUpload Holder DocumentationUpload Finder Documentation - Tax ID.

What does it mean when a house sells for $1? ›

Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (which is part of HUD) as a result of foreclosure actions. Single-family properties are made available through the program whenever FHA is unable to sell the homes for six months.

How can I get property with no money? ›

How to Get Into Property Development with No Deposit
  1. Release equity from your own home. ...
  2. Provide additional security. ...
  3. Joint ventures. ...
  4. Buy under value & refurb. ...
  5. Buy a property with a very short lease.

Can I get a house with no money in the bank? ›

For most, the answer is usually no. However, there are some cases where you can buy a home with no money down. Two ways to do it are through Veterans Affairs (VA) loans and USDA loans. These government-backed mortgages can be difficult to qualify for.

What is the most popular abandoned place? ›

11 eerie abandoned places you can visit around the world
  • Plymouth, Montserrat. ...
  • Kolmanskop, Namibia. ...
  • Bodie, California. ...
  • Pripyat, Ukraine. ...
  • Hashima Island, Japan. ...
  • North Brother Island, New York. ...
  • Kennecott, Alaska. ...
  • Glenrio, New Mexico/Texas.
May 21, 2020

What is it called to explore abandoned places? ›

Urban exploration (often shortened as UE, urbex and sometimes known as roof and tunnel hacking) is the exploration of manmade structures, usually abandoned ruins or hidden components of the manmade environment.

Can you sleep in abandoned buildings? ›

Legally speaking, no it is not legal to camp overnight at an abandoned building, whether inside or outside.

How do explorers find abandoned houses? ›

How Do You Find Abandoned Places?
  • Firstly, just use your eyes! Yes it sounds condescending but when you're out and about just keep your eyes peeled. ...
  • Second, just listen. ...
  • Third, local papers. ...
  • Fourth, Google maps. ...
  • Last but not least, Facebook groups and forums are goldmines for finding abandoned places near you!

What is Urbexing? ›

noun. a recreational activity in which people explore derelict urban structures such as abandoned sewers or underground railways or attempt to access areas which are closed to the public such as the roofs of skyscrapers.

Can you claim abandoned property in us? ›

Overview: At common law, a person who finds abandoned property may claim it. To do so, the finder must take definite steps to show their claim. For example, a finder might claim an abandoned piece of furniture by taking it to their house, or putting a sign on it indicating their ownership.

Can you buy abandoned houses in USA? ›

Purchasing an abandoned or unclaimed property involves following the same procedures as buying any other piece of real estate. Before setting out on your journey to find an abandoned home, review your financial situation.

How do I buy abandoned property in the US? ›

Even if a home has been abandoned, someone may still legally own it. Get as much information as you can from the county office and try to contact the owner. If you're successful, ask the owner if he is willing to sell the property. You can then begin negotiating with him to buy the house.

Who owns the abandoned house? ›

The easiest way to find out who owns the property is to check your county's property tax records. You can talk to neighbors or take other steps to find out who owns the property, but property tax records are the easiest way.

What is it called when people stay in abandoned houses? ›

Squatting is the action of occupying an abandoned or unoccupied area of land or a building, usually residential, that the squatter does not own, rent or otherwise have lawful permission to use. The United Nations estimated in 2003 that there were one billion slum residents and squatters globally.

Where is the largest abandoned mansion in America? ›

Lynnewood Hall is a 110-room Neoclassical Revival mansion in Elkins Park, Montgomery County, Pennsylvania. Vacant today, it was designed by architect Horace Trumbauer for industrialist Peter A. B. Widener and built between 1897 and 1900.

How do you flip houses with little or no money? ›

9 Ways To Flip Houses With No Money & Bad Credit
  1. Private Lenders.
  2. Hard Money Lenders.
  3. Wholesaling.
  4. Partner With House Flipping Investors.
  5. Home Equity.
  6. Option To Buy.
  7. Seller Financing.
  8. Crowdfunding.

How to get money to flip a house? ›

Types of Loans for Flipping Houses
  1. Home Equity Line of Credit or Home Equity Loan. A home equity line of credit (HELOC) or home equity loan allows you to tap into the equity you've built in your primary residence (if you have one) to finance a fix-and-flip project. ...
  2. Hard Money Loan. ...
  3. Personal Loan. ...
  4. Peer-to-Peer Lending.
Jan 10, 2022

How much cash do you need to start flipping houses? ›

In the world of private money lending, the minimum amount of cash you need to flip a house really depends upon the size of the loan that you're looking for, as well as your income. For our smallest loan, we'd like to see between $12,000 and $15,000, or at least access to it.

What is true about abandoned property? ›

What is true about abandoned property? It has been intentionally left behind.

Can you claim abandoned property in Florida? ›

Florida Unclaimed Property

Until claimed, unclaimed money is deposited into the state school fund, where it is used for public education. There is, however, no statute of limitations, and citizens have the right to claim their property any time at no cost.

What to do if you think a tenant has abandoned property? ›

As a landlord, if you think the property has been abandoned, you should first attempt to contact the tenant. Ask the tenant for written confirmation that they're returning possession of the property to you, and to return the keys. Once you received this confirmation you can go into the property immediately.

How do I find abandoned properties near me? ›

Check with Local Authorities

Make an appointment with the county clerk. You might be able to identify abandoned homes by going to the county clerk's office because the government keeps property ownership data. Inquire with banks to see if they have an inventory of houses under foreclosure.

What is the law on abandoned property in South Carolina? ›

Precisely how a landlord determines abandonment is sometimes written into the law, and this is the case in South Carolina. A tenant is presumed to have abandoned a rental if they have an unexplained absence for at least 15 days after defaulting on the payment of rent.

How long do you have to squat in a house to own it in South Carolina? ›

South Carolina

The squatter must live on the property for an uninterrupted period of 10 years or more to claim adverse possession (SC Code § 15-67-210).

How do I claim abandoned land? ›

When someone wants to claim ownership of land that's not theirs, it is called Adverse Possession. To claim Adverse Possession you would need to make an application to the Land Registry. The Land Registry have a strict set of criteria you must meet before you can claim land you do not own.

Can land be sold without title? ›

The answer is YES. However, the property owner needs to process the re-issuance or reconstitution of the owner's lost land title.

Can you claim someone's land? ›

If someone occupying land that does not belong to them can satisfy the following criteria, an application can be made to the Land Registry for a possessory title: They have occupied the land for not less than 10 years for registered land and 12 years for unregistered land; They factually possess the land.

Can I take over unused land? ›

Generally speaking, if you have been occupying lands that you do not own, rent or otherwise have permission to use in excess of 12 years (or in the case of Crown lands 30 years), without any objection from the registered owner, you can claim what is known as “adverse possession”.

Can someone take my landed property? ›

Any person in possession of land owned by someone else may claim adverse possession and acquire valid title to it under, as long as certain requirements are met, like being in possession for a sufficient period of time or paying taxes on the property.

Who owns unregistered common land? ›

If the landowner isn't registered

Where land ownership hasn't been recorded on the title register held by the Land Registry, a squatter can claim ownership of common land or TVG if, for at least 12 years, they show: they were acting as if they were the owner of the land eg putting up fences without consent.

How long before property is considered abandoned in Georgia? ›

All property distributable in the course of a voluntary or involuntary dissolution or liquidation of a person that remains unclaimed by the person entitled thereto, within one year after the date of final distribution or liquidation, shall be presumed abandoned. (Code 1981, §44-12-202, enacted by Ga.

Which bank has the most REO properties? ›

National banks like Wells Fargo, BMO Harris, and Bank of America have high REO property volumes. REO asset management companies also handle a lot of bank-owned properties.

What is a quiet title in Georgia? ›

An action to quiet title is designed to remove clouds upon the title to land and to conclusively establish that the petitioner is the owner of all the interest in land, so that the land will be marketable. Georgia law provides two forms of quiet title actions: Conventional and Statutory.

What rights do squatters have in Georgia? ›

In Georgia, a squatter can make a claim of adverse possession under "color of title" after seven continuous years of occupancy. Then the squatter must at least be able to prove to a court that their occupancy includes specific factors: It has been continuous and without interruption.

Is it illegal to sell someone else's property? ›

Introduction. The basic rule of law is that you cannot sell what you do not own. That means, of course, that you cannot buy from a non-owner either. There is always a loser when goods are sold by a person who does not have the authority to sell.

Is there an app for abandoned houses? ›

Abandoned World *officially* allows you to discover the exact location of Urbex spots. Easy to use and functional! Exploration is guaranteed!

What is the difference between vacant and abandoned? ›

Many times, people think vacant properties are abandoned; in fact, a vacant property is not the same as an abandoned one. It's a fine line but an important distinction. A vacant property has been empty for a minimum of six months and has had no construction done on it for six consecutive months.

What do you call an abandoned house? ›

Bona vacantia, also known as vacant goods, refers to property without a clear owner.

Do banks sell repossessed houses? ›

Repossessed houses are usually put up for auction by the bank. This is known as a Sale in Execution. You could also purchase the home directly from the borrower, who may be attempting to sell the home before the bank claims it. This is known as a distressed sale.

What does REO stand for? ›

The term real estate owned (REO) refers to a lender-owned property that is not sold at a foreclosure auction. Properties become REO when owners default and the bank repossesses them and tries to sell them.

What does REO stand for in real estate? ›

Understanding Real Estate Owned (REO) Properties As Post-Foreclosure Investment Opportunities. Kevin Graham8-minute read. November 21, 2022.


1. 5 Real Estate Auction Websites NO ONE talks about!
(Money Moves With K)
2. How To Find Distressed & Off Market Properties FAST
(Austin Zaback)
3. Wholesaling Real Estate | How To Find Vacant Houses In Your Area
(Flipping Mastery TV)
4. How To Find The Owner Of Vacant Properties (Fast)
(Master Key)
6. How To Find The Owner Of Abandoned Properties || Property Tips By Alfatir Crawford
(Alfatir Crawford)


Top Articles
Latest Posts
Article information

Author: Tish Haag

Last Updated: 31/08/2023

Views: 5279

Rating: 4.7 / 5 (67 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Tish Haag

Birthday: 1999-11-18

Address: 30256 Tara Expressway, Kutchburgh, VT 92892-0078

Phone: +4215847628708

Job: Internal Consulting Engineer

Hobby: Roller skating, Roller skating, Kayaking, Flying, Graffiti, Ghost hunting, scrapbook

Introduction: My name is Tish Haag, I am a excited, delightful, curious, beautiful, agreeable, enchanting, fancy person who loves writing and wants to share my knowledge and understanding with you.