CHAPTER 15 Mistakes to Avoid While oid While Selling a Vacant Home acant Home
Every seller wants to ensure their property sells quickly for the highest price possible. Naturally, most homeowners-sellers are caught up with critical commitments like meeting ongoing mortgage payments (sometimes two of them), bearing maintenance expenditures, paying the insurance, and managing other carrying costs. The need to shoulder the burden of these expenses and commitments means the faster the vacant home sells, the greater the relief for the seller. Learning from what the real estate experts say on avoiding mistakes while selling your vacant home can help you gain momentum and perhaps enable you to save or gain hundreds or thousands of dollars. Here are mistakes to avoid in selling your vacant home.
MARKETING THE PROPERTY
The absence of furniture, artworks, rugs, decorations, and lighting solutions makes it difficult for buyers to establish an emotional bond with the property. Vacant houses (as opposed to unoccupied houses from which the seller has temporarily moved out to list and market) take longer to sell than occupied houses. Many buyers need to see the house as a home, and if it is empty, it is a shell of a home.
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