Selling a Vacant Home: Best Practices

Selling a vacant home can be difficult. There are many factors that come into play when selling a vacant home, and many of them are not related to the home’s condition. However, there are some best practices you can follow to make your job easier. How do you sell a vacant home? This is a question that many homeowners ask themselves when they are faced with the prospect of selling their property, and it’s an important one. There are plenty of people who want to buy houses, but there’s always going to be more demand than supply. With this in mind, how can you ensure that your property sells quickly and for top dollar?

 

Make sure your home is ready to be shown.

 

Keep your home clean and clutter-free. Remove any personal belongings that are left behind. Update the rooms with fresh paint, flooring, or carpet to give them a more modern feel. Make sure your lawn is mowed and weed-free. Turn off the television, eliminate any appliances that are left plugged in or lights that remain on to save energy costs as well as give a more serene feel for potential buyers. Ask someone you trust to keep an eye out for things such as mail piling up, newspapers being delivered, etc., so those don’t become distractions from showing your home. 

 

Remove personal belongings that are left behind. Update the rooms with fresh paint, flooring, or carpet to give them a more modern feel. Make sure your lawn is mowed and weed-free. Turn off appliances and lights to save energy costs as well as give a serene feel for potential buyers. Ask someone you trust to keep an eye out for distractions such as mail piling up or newspapers being delivered, so those don’t become distractions from showing your home.

 

Price the property competitively

 

Price the property competitively. The price of a vacant home is often determined by looking at how much work needs to be done on it and what similar homes in the area sell for. This is important because you want to price the home competitively so that it will sell quickly. If you overprice, then buyers may not get excited about seeing your vacant property and would rather go see another cheaper one instead. Additionally, if you underprice the home, its resale value could be negatively impacted when other homes in the area are selling for more than yours after they’ve been updated or renovated.

 

This means that the property is underpriced, which may make it hard for your home to sell. Pricing a vacant home does not mean pricing at exactly what others are selling their homes in the area for. You want to price slightly below if possible because then buyers can get excited about potentially getting a deal or saving money when they purchase your house instead of another one in an updated condition. Additionally, try looking into comps so you know how much other properties like yours are selling for in order to help determine what should be priced competitively without needing too many updates done beforehand in order to increase sale value after the sale. 

 

Consider staging the home for a more appealing look

 

Staging the home is a great way to attract potential buyers and get more out of your sale. A staged property will give off an open, inviting feel that has been proven to appeal to more people than a cluttered or vacant-looking space would. Be sure to remove all personal items from home as well as store any excess furniture. The natural lighting of the space should be highlighted to make it look as relaxed and inviting as possible.

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