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Peter Mohylsky, Destin BeachPro, Call me at 850-517-7098 (PMI. Destin)

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Rainmaker
2,434,506
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Depending upon the price I know contractors that would jump on something like that in my market Peter Mohylsky, Destin BeachPro . Is the Seller willing to play ball or do they have unreasonable expectations?

Jun 24, 2024 12:46 PM
Rainmaker
1,577,328
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

My list of investors love homes like that! I'll sell them all day long.
They won't get top dollar structurally but they will for the lot and potential.

Jun 24, 2024 01:41 PM
Rainmaker
202,040
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Just make sure the price of the future  building lot also reflects the cost of the tear down, or most buyers will pass. They are not uncommon here. 

Jun 24, 2024 12:57 PM
Ambassador
3,372,648
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

Market to the target audience ... not sure I would use the term "tear down" or "uck". 

Jun 24, 2024 12:26 PM
Rainmaker
491,974
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Peter Mohylsky, Destin BeachPro 

List it as vacant land and say value is in the land. Maybe mom will want to buy, lol:) Katina

Jun 24, 2024 12:38 PM
Rainmaker
1,367,450
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am constantly solicited by those looking for fixers. Talk to area agents and find such a buyer.

Jun 24, 2024 01:46 PM
Rainmaker
2,802,421
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

A tear down speaks to developers, contractors and do it yourself-ers with an occasional flipper who knows what they are doing & can do it. I have remodeled, built new & managed. Its not for everyone. The main factor that your question asks? THE MATH! If the city, fees, & market plus know-how doesn't add up, stay away...pass & dream on. Here's another point worth considering too i.e. there is a buyer for everything. Time & money interfere

Jun 24, 2024 12:37 PM
Ambassador
5,099,875
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

The lot to build on and the overall potential is there for the right buyer. But it has to be priced well as others have said. I wouldn't say UCK in the listing. That's a value judgement.

Jun 24, 2024 07:43 PM
Rainmaker
7,968,928
Roy Kelley
Retired - Gaithersburg, MD

Tear downs are common in some of the communities in the DC suburbs in Maryland.

Jun 24, 2024 04:14 PM
Rainmaker
2,262,045
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

The fact there is a house there can grandfather you in....on a gravel road and what a location. What are the many pluses. Handyman special! 

Jun 24, 2024 03:39 PM
Rainmaker
1,074,493
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

That's a builder's dream if it's a good lot!

Jun 24, 2024 03:10 PM
Rainmaker
1,517,853
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It takes a special kind of investor for that.  Most flippers won't touch a tear down, too much work and they take too long.  I do know of one out here who would do that, but it depends greatly on the location.  We had an off-market land deal that we referred to him earlier this year, but he passed on the location.

 

P.S.  You may want to make this private.  I don't know if your clients would like this if they found it in the google.

Jun 25, 2024 08:14 AM
Rainmaker
923,074
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

We see them here. It depends on the location and the demand.

Jun 25, 2024 07:18 AM
Rainmaker
1,857,137
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Been doing it here for years & I think it uplifts the neighborhood.

Jun 25, 2024 07:03 AM
Rainmaker
101,277
Bo Zivak
Zivak Realty Group - Nashville, TN
Nashville Real Estate Broker

This group likely sees a "tear down" house as a property with potential for redevelopment rather than renovation. Your latest listing, with its unattractive interior and less-than-ideal layout, might appeal to investors or buyers looking to build a new home in a desirable location near the bay. Emphasizing the value of the lot and the potential for a custom-built dream home could attract the right audience.

Jun 25, 2024 06:00 AM
Rainmaker
852,408
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

What are the mandates in your county to rebuild above sea level and what is the cost involved.  Here is SE FL these types of projects occur all day long.  Contractors build back bigger, better and more amenities to live waterfront or a block away.  Insurance can also be reduced with all the bells and whistles.😎

Jun 25, 2024 05:33 AM
Rainmaker
5,329,633
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

A small custom builder will salivate if it is priced right. 

Jun 25, 2024 04:12 AM
Ambassador
2,091,726
Alan May
Jameson Sotheby's International Realty - Evanston, IL
Hot enough for ya?

I would think that would appeal to a developer big-time.  Marketed toward those builders, and priced accordingly (that's the most important part), if it's a good buildable lot, I would think you would be more popular than the Beatles in the 60's.

Jun 25, 2024 03:53 AM
Rainmaker
1,603,700
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Market it to contractors.  They love this stuff.  I'd even list it as a fixer and not try to disguise that fact.

Jun 24, 2024 09:04 PM
Rainmaker
1,100,267
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

"One man's trash is another man's treasure"...

"Beauty is in the eye of the beholder"...

"Price fixes everything"...

"There's a house for every buyer and a buyer for every house"...

I recently had a discussion with a realtor friend who ran a similar scenario by me and those are some of the comments I shared in hopes of turning a negative view point into a positive one.

What you see as uck others might see as $$$$ signs. It's all a matter of perspective and presentation.

Location is in your/their favor but before listing/selling need to research code requirements in that city. I have seen older homes and commercial buildings leveled and rebuilt because the cost to rehab and bring it up to code would be prohibitive so it was cheaper to demo and rebuild.

A total tear down may not be needed if the exterior is in decent shape (not stick built, meets code, etc). and may be cheaper and easier to do a partial teardown and gut interior then remodel vs new built.

As an aside, if it is a true tear down, consult your local fire department before demo. They love to use abandoned homes/buildings to train and hone their skills so there's that also.

 

Jun 24, 2024 07:06 PM
Rainmaker
922,268
Jeff Pearl
Samson Properties / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Depends. Make sure you can build again after tear down. Some places will not issue building permits for new construction. But they will issue permits for remodeling or additions, and sometimes require a certain % of old structure remain standing and be incorporated into the new construction.

Jun 26, 2024 08:04 AM
Rainmaker
908,333
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Good opportunity for a builder/investor.

Jun 26, 2024 05:32 AM
Ambassador
6,516,593
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Highest and best use, something that the new owner gets go decide.

Jun 25, 2024 01:43 PM