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As the real estate
market continues to stabilize, sellers may find
that their property remains on the market
significantly longer than the days of “list
today, sold tomorrow.” There is also more
competition for buyers. So, it can be
frustrating to put your home on the market,
expecting a fast sale, only to find that after
six months you’re still waiting for an offer.
This is especially true if you need to move
quickly and leave your unsold home vacant.
Besides creating a
marketing challenge, a vacant home can also be a
target for vandalism. Here are strategies you
can use to hasten a sale and protect your
property during the process.
·
Instead of producing
a spacious appearance, an empty room tends to
look smaller than a furnished room. So, leave
behind a few select pieces of furniture and keep
the window treatments in place. A chair or lamp
on a small table will confer a sense of scale
and help potential buyers gauge whether their
furniture will fit the space.
·
If you decide to
remove the furniture, have the house cleaned and
painted. Furniture, rugs and decorations tend to
hide or minimize imperfections. When furniture
and artwork have been removed, every blemish and
bruise becomes accentuated, faded paint and
wallpaper become more noticeable and scratches
and nicks stand out.
·
Repaint brightly and
boldly colored rooms to a neutral tone. What was
an eye-popping room when fully-furnished may
appear stark and small when empty.
·
To thwart unwelcome
visits, give the house a lived-in look. Set a
couple of lamps on timers, and ask a neighbor or
friend check on the house daily to collect mail,
park a car in the driveway, and close and open
drapes and windows. Continue using a gardening
service or hire someone to cut the grass
regularly. During the winter months, arrange to
have snow shoveled from the walks and driveway.
·
If available,
consider employing a home manager or house
sitter. At little or no cost to homeowners, the
house is furnished and decorated for
show-to-sell condition. Most companies require
home managers to mow the lawn, shovel snow, even
pay pool maintenance and utilities. Having
someone living on site discourages vandalism,
protects against deterioration and weather
hazards and may even reduce insurance costs.
(Check with your insurance carrier.)
·
Leave the utilities
connected. Depending on the season, make sure
the thermostat in the house is set at a
comfortable level. You don't want a potential
buyer to run through the home because it is too
hot or cold.
·
Review your
homeowner's insurance policy with your insurance
agent to find out what the stipulations and
coverage pertain to your vacant home.
·
Find a real estate
professional with experience selling vacant
houses. Often, these sales professionals
specialize in relocation. You want to make sure
that you are comfortable with your lines of
communication. If you will be residing in
another town, come up with an agreement on how
often your representative will check on the home
and what should be done if a problem develops.
Although a vacant house presents certain
challenges, it does not need to be difficult to
sell |