First off, buyers find it hard to envision themselves living there. An emotional connection can establishes when a buyer walks into a well-furnished, cozy, and welcoming house. The buyer could see living there and creating a home there.
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Empty houses tend to take their time when selling. If you compare the rate of selling vacant homes to occupied ones, there’s a difference of 6%. In real estate terms, this difference is massive and impacts the overall sale of your house tremendously.
But, what are the reasons behind this difference, and why do people prefer buying occupied dwellings?
First off, buyers find it hard to envision themselves living there. An emotional connection can establishes when a buyer walks into a well-furnished, cozy, and welcoming house. The buyer could see living there and creating a home there.
The emotions aren’t the same with a vacant house. With furnished or staged homes, the buyer can decide if the dining table could hold a 12-seater table or not and if the sofa would look good in front of the fireplace or by the window. Little things like this contribute a lot to the value of the house.
Another reason could be that rooms look much smaller when vacant. Empty homes contain nothing more than walls and ceilings. What’s the big deal about those?
The buyer might think the house is too small to fit their colossal 12-seater dining table into, or it’s too small to accommodate their exercise equipment or a playroom for children, which might result in the buyer walking away from the deal.
Also, vacant houses tend to highlight their problems. Every flaw in your home is much more visible when furniture, rugs, and decorations aren’t around to hide them.
If a potential buyer walked into your empty house, all they’d do is look at the negative elements of your house.
When your house is vacant, it gives off the impression that there is a rush to sell the house. Buyers use this as leverage to knock a few thousand dollars off your home’s value. That could lead to arguments that elongate the process of selling your house.
There are several reasons why people sell vacant houses. Maybe the house was newly constructed or on rent, and the tenant moved out in a rush, leaving the house empty.
The homeowners could even renovate the house, so the owners could’ve moved out and changed their minds about moving back in.
No matter what the case, taking care of an empty house is costly. With each passing day, the maintenance costs, not the monthly mortgage, are only a burden on the owner.
See Also: Looking to Selling Your Empty House?
Empty houses are like an open invitation for robbers to come and steal whatever they like from your home.
It’s no trouble for thieves to come into an empty house and steal the air conditioner or some other valuable item. If your home is not vacant, a thief will most likely steer in another direction.
A furnished house will give off a more welcoming vibe. The traffic of buyers will increase, and more people will be interested in buying your home, for good money too. Occupied houses make it easier for buyers to envision living there.
God forbid an emergency occurs. At least you’ll be there to take the proper precautions and prevent the matter from getting out of hand.
However, who knows what could happen if the house was vacant and unattended? No one would inform you of the matter until the damage to your home happens.
At Top Cash Offer In USA, we offer a competitive market value for your vacant house. We know selling an empty home can be very hard, but working with the right people can make it easy.
We help distressed homeowners like you secure a great cash deal on their house within days. Moreover, it entails no obligations, so you have complete control.
Selling your house to a cash buyer can prove to be more beneficial than in ways you can think. You can also save up on the real estate agent commission and months of listings that do no good.
NO FEES OR COMMISSIONS
NO REPAIRS OR CLEANUP
NO TIME PRESSURE
NO OPEN HOUSES
