Even if you are near your property, there is a lot of upkeep that goes into a property in Dallas.
And if it is VACANT, whew! . . . you are opening yourself up to lots of vulnerabilities: squatters, druggies, vandalism, animals and all those other unforeseen dangers.
We are here to help. We want to take the burden off your hands and see if we can get things back on track at no expense to you.
We Buy Vacant Houses in Dallas in Any Condition!
When selling your vacant house in Dallas there are a couple things you should know. We will walk you through the process of selling your vacant house.
Problems Of Keeping A Vacant House in Dallas
A vacant home can pose a few major problems to a homeowner. These problems can begin to grow over time. The longer a home sits vacant, the more problems the homeowner will start encounter. Here are a few of the major problems associated with a vacant house.
Vacant Homes Attract Crime
When a home sits vacant, there is no one to watch over it and keep it safe. This can attract crime ranging from vandalism to theft to break ins. Vandalism may include a few broken lights, graffiti, or even significant damage to the home. The repairs may only be a few hundred dollars ranging to thousands if there is significant damage.
Criminals also tend to look for items they can take and sell to make money. This could be appliances, electronics, or anything of value left in the home. Even if you’ve cleaned the home out, vandals could still open up your walls and steal the copper piping!
The best thing you can do to prevent crime if your home does have to be vacant, is to install a security system. There a plenty of portable systems that can be installed to deter potential criminals. Also make sure your home is secure by boarding up windows, doors, or anywhere a criminal may be able to sneak in. Remember, thieves like to take the path of least resistance. If your home is secure and equipped with an alarm system, they will hopefully move on to another vacant home.
Vacant Homes Can Feel Empty
Part of selling a home is that potential buyers feel like they could see themselves living there. Vacant homes tend to feel empty and some potential buyers lack the vision to see what the house could look like with their furniture. Of course you could hire someone to stage the home, but that would be an added cost you may not want to take on.
Another downside to vacant homes is that without furniture, potential buyers tend to see every blemish in the home. This could prevent buyers from wanting to purchase the home if they knew they’d need to make repairs when moving in. You could always make a concession in price to accommodate the necessary repairs, but that would require you to walk with less money at closing.
Vacant Homes Require More Maintenance
The longer a home sits vacant, the more the home is exposed to maintenance issues. When someone is living in the home, day-to-day repairs are simple to handle and can be taken care of quickly. When the home is vacant, these items can add up and start to cost the homeowner a lot of money. If you’re not careful, the repairs may be more than you’re willing to spend on the home.
Vacant houses are also susceptible to fires, water damage, and mold. A small leak may turn into a large one, and could cause thousands in damage if not repaired quickly. Not to mention, when water damage is present, mold soon follows. Make sure you are checking in on your vacant home frequently to make sure there are not any repairs that need to be addressed.
Vacant Homes Attract Squatters
Vacant houses can be the target of unwelcome guests or “squatters”. There are various forms of “squatters”, but the most common “squatter” would be a homeless person looking for a place to stay. While this seems harmless, homeless people can cause damage to the home over time. The longer a “squatter” stays, the greater the chance for damage and/or legal problems.
If you have found a “squatter” living in your house, the best thing to do is to contact the police immediately. The longer the “squatter” stays in the home, the more difficult it becomes to remove them. If the police will not remove the unwanted visitor, you will have to start the eviction process.
Ways To Sell A Vacant House
1. Through A Real Estate Agent
Selling your home through a real estate agent is the most common way to sell a vacant house IF they are in great condition. The agent will be able to give you a decent idea of what your home might sell for on the MLS by running a comparables report or CMA. The agent will handle all of the paperwork and negotiations on your behalf. You may be asked to perform some maintenance or repairs based on the condition of the house and how long it has been vacant.
The downside to using a real estate agent is that the timeline to sell your home could be anywhere from a few weeks to 6 plus months. Even in the Dallas market, people buying from agents have high demands. You’ll also be responsible for paying for both your agent and the buyer’s agent’s commissions. This is usually around 6% for both agents.
2. Sell For Sale By Owner (FSBO)
Selling a vacant house for sale by owner has grown in popularity lately as homeowners want to save money on real estate commissions. This method is very similar to selling through a real estate agent, except the homeowner is responsible for the paperwork, negotiations, and scheduling showings. You will have to handle all phone calls and answer all the questions people have, plus you will be responsible for posting ads and getting your marketing in places where people read it.
The timeline is very similar to selling through a real estate agent, and homeowners can expect to potentially still pay 3% for a buyer’s agent. The downside to using this technique is that some real estate agents won’t work with for sale by owners because the buyer’s agent ends up doing all of the work for only 3%.
3. Sell To A Cash Home Buying Company Or Investor
Selling a vacant house to a cash home buying company or investor is a quick and easy way to sell your home. A cash home buying company, like IHPRE, can give you a price for your home in its current condition. Once we get a good appraisal, we can typically can close in under 2 weeks and can have cash in your hand quickly. We also have many creative ways to sell a house, so even if your house is not in the best conditon or you owe more for it than you think it is worth, there is still ways we can help. That’s what we do. . .we solve real estate problems. Remember, IHPRE, I Help People In Real Estate.
Final Thoughts On Selling A Vacant House
Selling a vacant house can be overwhelming at times. The good news is that it doesn’t have to be. Decide what your plan is going forward, and you’ll be able to sell your vacant house quickly. If you’d like to speak with someone about selling your vacant house for cash much quicker than traditional routes, give us a call at 972-885-8435. Please, leave your name, property address and as much details as possible we will get back to you in 24-48 hours because often we are out helping others sell their homes.
Fill out the form below and get a fast-fair cash offer for your vacant house!