Want to Sell Your Vacant Property? Here’s How
Are you tired of dealing with the problems that come with owning and trying to sell a vacant property?
Did you know that there are over 15 million vacant houses in The United States?
Although the reasons for these vacancies vary, they are almost always a headache for all the homeowners involved. To help you on your journey, here are some top tips to help you when you want to sell your vacant property.
Common Problems with a Vacant Property
Vacant homes tend to be a magnet for vandalism, attracting higher crime rates, trespassers, and lots of unwanted attention that can have a negative effect on the neighborhood's property values.
If that isn’t enough of a problem, you also have to deal with maintaining the home during winter months. If you live here in CT, an area that is severely affected by winter weather, you will find yourself paying way too much cash for utilities or repairs to keep the house in good condition - or you can turn off utilities, make no repairs, and hope that nothing goes wrong.
You will also need to make sure you are regularly checking for problems like water damage or mold, which can become expensive issues if they go ignored for too long. Another issue that can come with owning a vacant property is that your homeowner’s insurance policy usually requires the home to be occupied for the insurance to be in effect.
To make matters more stressful, if you don’t change your homeowner’s policy in a timely manner you may lose your insurance coverage if your property is damaged after being vacant for over 30 days.
What’s the Best Solution to Selling a Vacant Property?
When you want to sell a vacant property, it is important that you look after it and find the right buyer. If you sell the traditional route, you risk keeping your home on the market longer and having to deal with issues. Alternatively, you can sell your home quickly and minimize those issues. Here are a some things that you should consider, that will help you choose the right option for your vacant home.
#1 Secure the Vacant Property
If you want to keep your property free from the issues that come with owning a vacant home you should be doing everything you can to keep the property free of crime. Let your local police department know you have a vacant property so they can keep a look out for anything suspicious. Install a security alarm and make sure all locks on window and doors are unbroken.
#2 Keep the Vacant Property Well Maintained
You need to make sure you keep the vacant property maintained to the best of your abilities. Mow the lawn and handle all landscaping needed to make the property appear occupied. The best thing you can do if you have a vacant property is regularly visit it and do your best to keep maintenance up. Check smoke detectors, A/C systems, and electrical systems routinely to ensure any preventable problems are stopped.
#3 Sell Your Home to a Cash Buyer
What if you’re tired of dealing with the problems that come with a vacant property all together?
If you don’t want to spend more of your time and money trying to maintain the home, we can help you! Call CT Cash Homes today and let us deal with the issues that come tied to vacant properties. We’ll make you a cash offer for your property no matter the condition, location, or repairs needed.
