fromRedfin | Real Estate Tips for Home Buying, Selling & More
1 month agoHow to Sell a Teardown House: Complete Seller's Guide
A teardown house is a property where the land value outweighs the structure. These homes are often outdated, damaged, or too costly to renovate. Buyers - usually investors, builders, or developers- purchase teardown homes to demolish and rebuild. The National Association of Home Builders reports that teardowns accounted for nearly 7% of all single-family housing starts in 2022. This shows strong demand for redevelopment opportunities in competitive markets.