Are you thinking of selling a vacant house? There are many considerations when selling an empty house that are different than selling an occupied house. In this article we cover:
Why Would a House Be Vacant?
There are several reasons why a house becomes vacant while an owner is trying to sell. In these situations, it is important to sell a house fast, but many circumstances can prevent a quick sale. Some examples of vacant properties include:
Dangers With a Vacant House
Selling a house fast in these situations is critical because of the liabilities and dangers involved in leaving a house vacant too long. Liabilities of a vacant house can include things such as:
Mistakes When Selling a Vacant House
To decrease your liability, consider selling an empty house as quickly as possible. Here are the top mistakes to avoid:
#1: Not Getting It Appraised
Having an appraisal to show buyers not only gives you credibility as a seller, but it also may reduce the time taken to negotiate. Buyers who can see an appraisal will feel more comfortable with your selling price and their offer price.
#2: Forgetting Repair Estimates
Whether or not you plan to repair the house before you sell, make sure to get repair estimates, and make sure to get them from more than one person. If you plan to sell the house, this will give you leverage in negotiating the sales price since you know exactly how much the repairs will cost, or how much you paid for them.
#3: Leaving the Utilities Off
As we mentioned earlier, one mistake sellers make is leaving utilities off. Not only will keeping the utilities on help prevent weather damage, but if they are left off, it gives buyers the impression that the house needs more repairs than it actually does. Keeping utilities on will also make it more comfortable for anyone seeing the house.
#4: Forgetting to Disclose Repairs Needed
If you do not complete all the repairs, make sure you disclose all the repairs needed. You could be found liable for problems you did not disclose, even in an as-is sale.
#5: Forgetting to Stage the House
Vacant houses sell more slowly than occupied houses because people need to see the house as a home, and if it is empty, it is just a shell. Keeping enough furniture and décor to make the house look lived-in helps tremendously when potential buyers view the house. Additionally, having the home staged gives buyers points of reference. Empty rooms look smaller, and buyers need help seeing how each space can be used. Lastly, making sure the house doesn’t look vacant helps protect it from intruders.
#6: Neglecting to Secure the House
Lastly, as we mentioned earlier, make to secure the house in order to prevent damage from weather, squatters, trespassers, criminals and other vandals.
What is the Fastest Way to Sell a Vacant House?
The quickest way to sell a house, especially an empty house in which no one currently resides, is to sell to a company such as Lisa Buys Austin Houses. We have experience marketing and selling houses that are not in perfect condition, so even if the house has experienced damage from weather or vandals, it can still be sold as-is. We offer free, no-obligation quotes for people who want to sell their houses quickly, so call today to see how we can help.
Contact us for a free, no-risk quote within 24 hours.
Get a Quick Cash Offer | Call 512-598-4929
8 Common House Renovations Mistakes to Avoid for Sellers
A Step by Step Guide on How to Buy a Pre-Foreclosed Home
Sell My House Fast! (Common Mistakes Sellers Make)
7 Tips for Using Social Media to Sell Your House Fast
How To Sell A Vacation Home – 4 Considerations!
How Home Investors Can Help You Prevent Foreclosure
Home Maintenance Tips for Your Austin Home
Squatters rights: What is a squatter?