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?
- What are the dangers of a vacant home?
- What is the fastest way to sell a vacant home?
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:
- The seller has already moved. Buying a house and selling a house is difficult to time perfectly, which is why many home sellers move before their old house is sold.
- New construction. Any newly built house will have time on the market without an owner or resident.
- A rental property became vacant. When a tenant moves out, landlords often experience brief vacancies between tenants, even if the time between contracts is seamless. Often, the investment property needs work done between tenants, lengthening the time the property vacant.
Dangers With a Vacant House
To sell 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:
- Vandalism and Theft – Vacant properties attract trespassers, thieves and other criminals without proper security measure in place. Without supervision, the houses become easy targets, and damages range from broken light bulbs to graffiti to broken glass, and even to structural damage.
- Trespassing or Squatting – Trespassing is one, thing, but squatting is a whole other story! You can read about squatting below, but trespassing and squatting is quite different. Vacant houses are especially susceptible to homeless people seeking easy shelter, and may cause severe damage over time. The longer a squatter resides in the property the greater the chance of damage or future legal problems.
- Weather – Even after short periods of vacancy, vacant properties are susceptible to weather. Make sure to keep electricity on and manage the thermostat, and make sure there are no items left outside the house that could cause damage with strong winds.
- Neglecting regular maintenance – in the day-to-day activities that happen in a house, most homeowners tend to “little things” promptly before they escalate. Without a resident, those problems build up quickly with no one to detect the issue, which can cause much larger issues over time.
- Water or fire damage – One of the most common issues due to neglect includes water damage. Mold becomes a major problem when homeowners do not tend to small leaks small leaks or air conditioning unit malfunctions.
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 St. Louis Realty Advisors. Home investors such as St. Louis Realty Advisors 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 at (314) 326-4900.