- Real Estate
Selling Your Abandoned/Vacant Home
When it comes to an abandoned home there will typically be a lot of work that will need to be done to it. More than the average vacant home would need. Although that may not always be the case, there are, however, several questions that need to be asked that will help better determine its true value. Those questions can include:
– Does the home need a new AC unit?
– Is there mold?
– How old is the roof and does it have any leaks?
– What kind of interior designing will need to be done to get the home back to its full market value?
– What kind of landscaping needs to be done?
– How old is the plumbing?
– How old is the wiring? Has the wiring in the walls rusted due to weather?
– Is there termite damage and does the house need to be tinted?
These are important questions that need to be asked in order to get an understanding of the cost it would take to fix up your home. Having these questions in mind, you can see that the less amount of work that needs to be done to your home, the closer the value of your home will be to the full retail value of the homes in your area.
When it comes to selling a vacant home, all the same questions come into play when determining its current value. The only thing that really distinguishes if a home is considered abandoned or vacant is if there is someone keeping up and paying the taxes on the home. Just because the home is vacant, does not mean the owner takes care of the home. The home could very well be in just as bad, or just as good of shape as a home that has been abandoned. The thing that really determines this is the amount of time the home has been unattended/abandoned for.
What work does my house need?
Do I have the time and money to do it myself?
Is it worth me doing it myself?
Ask yourself and see what makes the most sense to you. After you find out what that is, take the proper steps to get that taken care of. If you have questions, please feel free to check out our website and contact us.