Buying an abandoned house can be a unique opportunity for investors, first-time buyers, or anyone looking for a fixer-upper at a bargain price. In the US, there are thousands of abandoned properties available, often selling well below market value. Here’s how to find and buy one.

Where to Search for Abandoned Houses

Start by checking government and bank foreclosure listings, which often include abandoned homes. Websites like HUD Homes, Auction.com, and RealtyTrac specialize in distressed properties. Local government websites sometimes list tax-delinquent or seized properties available for auction. Don’t overlook driving through neighborhoods—sometimes the best deals are found by spotting vacant homes and researching their ownership.

What to Know Before Buying

Abandoned houses are typically sold “as-is,” meaning you’ll be responsible for all repairs and renovations. It’s crucial to budget for potential issues such as structural damage, plumbing or electrical problems, and pest infestations. Always conducta thorough inspection and, if possible, bring a contractor to estimate repair costs.

The Buying Process

Once you’ve found a property, check its title status and liens to ensure there are no legal complications. Many abandoned homes are sold at public auction, so be prepared to act quickly and have your finances in order. Some auctions require cash payment, while others allow financing—read the terms carefully.

Renovating and Reselling

Renovating an abandoned house can be rewarding, but it requires time, effort, and money. Consider the neighborhood’s potential for appreciation and the total investment needed to bring the home up to code. Some buyers choose to live in the property while renovating, while others flip the house for a profit.

Risks and Rewards

Buying an abandoned house can be risky, but the rewards can be significant if you do your homework. These properties often sell well below market value, offering the chance for substantial equity gains after renovation.