Time is a major factor when planning to sell a vacant home in Oklahoma City. A house with nothing inside is an expense each day it remains unused. Even if there’s no mortgage to worry about, there are still costs related to property insurance, taxes, maintenance, utilities, and other fees that can add up over time.
Since it’s harder for potential buyers to imagine living in a completely empty home, vacant houses are more difficult to sell than their occupied counterparts.
If you’re trying to sell a vacant home in Oklahoma City or anywhere else these days, these are some mistakes you want to avoid to prevent turning off potential buyers.
Failing To Get the House Appraised
Failing to secure an appraisal from a professional appraiser can cause potential buyers to shy away from your property listing. It can also make negotiating a lot harder.
Getting an appraisal beforehand can help buyers become more comfortable with the selling price and be more likely to stick with it.
Forgetting To Include Repair Estimates
Make sure you obtain repair estimates for the vacant house, whether you plan to repair it or not before selling. You should also get these from more than one person.
Repair estimates can provide you with leverage during negotiations of the sales price since you already know how much the repairs will cost or how much you paid to get them.
Leaving Home Utilities Off
One big mistake many home sellers make is leaving their utilities off. Not only does keeping utilities active help in preventing weather damage, but when they’re left off, it gives the impression that the house requires more repairs than needed.
Keeping your utilities running can also make the house more comfortable for people coming to visit.
Failing To Stage the House
The reason why vacant houses sell slower than occupied homes is that people want to see the house as a home. If it’s empty, all they see is its shell.
By staging with enough décor and furniture, a house can appear lived in and this can help in convincing potential buyers to secure the deal.
Furthermore, having the house staged provides potential buyers points of reference. Empty rooms look a lot smaller than furnished, and buyers need help to see how they can utilize each space.
Not Investing in Landscaping
Curb appeal is very important when selling a home. No matter how amazing its interior is, when people don’t feel the vibe when driving up to the home, they will enter it with negative preconceived notions.
That’s why it’s important to keep the bushes trimmed, mow the lawn, and remove any weeds you can find. If possible, hire an expert landscaping company to help manage this for you.
These are some of the biggest mistakes you can make when deciding to sell an empty house or vacant property. That’s why it’s so important to be aware of them, to prevent them from happening to you.
By avoiding these errors, you can ensure a higher possibility of selling your home before expenses start adding up.