Selling Your Empty Home? Factors To Consider
Research reveals that the longer a house takes to sell, the lower the overall sale price will be. Additionally, there is the financial burden of paying for two properties when you’ve already moved into a new place. An empty home isn’t as attractive to buyers as one that has been appropriately staged, and it may present an opportunity for criminals or vandals.
Part of the struggle with selling an empty home is that empty rooms make it hard for buyers to envision the space. Nine out of ten homes are first seen online by potential buyers, so that first impression needs to “stick” in a buyer’s mind. Rooms tend to look smaller when they don’t have furniture in them (especially with a poor paint choice), which reduces the perceived value of your home. Furniture, rugs, window treatments and other accessories can also help hide any minor imperfections that become more obvious if rooms are empty. Another drawback to selling an empty house is that buyers might assume you’re in a rush to sell and could try to low-ball you on price.
Fortunately, there are a few strategies to help sell an empty home quicker. First, let your neighbors know the home is vacant and ask if they can help keep an eye on your house for you. You can also ask your local law enforcement officials to do the same. Asking neighbors to bring in the mail and any packages so that it looks like someone is living in the home. Additionally, maintain your regular outdoor maintenance for good curb appeal- hire a landscaping team if necessary.
Another aspect to consider is creating a welcoming atmosphere of your house. Keep the lights on during the day, using timers to help control your utility costs. Make sure that the exterior of your home is well-lit at night. Maintain a reasonable temperature inside your home at all times to welcome potential buyers. No one wants to walk into a stuffy house in mid-summer or an ice box during the winter months while trying to envision themselves in the space.
Consider staging your home with rented furniture and accessories to appeal to potential buyers. An even easier option is to use virtual staging to furnish your home with high-end appliances and furniture to highlight its best features.
For more tips and information, check out the infographic below.
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