In what circumstance is a property considered unmarketable?

A property is considered unmarketable primarily in situations where the cost to cure deficiencies or issues exceeds the increase in the property's value after those issues are addressed. This means that if a property has significant problems—such as structural damage, environmental hazards, or legal issues—remedying these problems would not provide a return on investment that makes the property appealing to potential buyers.

In such cases, even if the property has unique characteristics, location advantages, or zoning potential, the financial burden of addressing necessary repairs or improving the property can deter buyers. They may see the costs as outweighing the benefits, leading to a perception of unmarketability.

High demand or multiple offers indicate a strong interest in the property, suggesting it is marketable. Minimal repairs imply that the property is in good condition, enhancing its market appeal rather than detracting from it. Thus, the situation where cure costs exceed the value gained reflects a critical point of concern making the property difficult to sell.