What is the Best Way to Sell My Vacant House?
By: Kevin Smith
The best way to sell your vacant house is a cash home sale. A cash sale allows you to sell your house as-is regardless of its current condition or how long it’s been vacant. You can sell your house for any reason, because you work directly with the buyer instead of listing the house or hiring a real estate agent. Best of all, you can close the sale in as little as seven days and walk away with no strings attached.
A cash home sale eliminates most of the steps in a traditional home sale, which can take months to complete. You get a guaranteed offer from an experienced local home buyer who is already pre-qualified to purchase your house. A house-buying company can purchase any type of house - abandoned house, foreclosure, divorce, relocation - it doesn’t matter.
What is a Vacant House in Real Estate?
A vacant house in real estate is a property that is unoccupied and does not currently have a tenant or owner residing in it. It may be for sale, rent, or awaiting redevelopment. A vacant house is different from an empty house, which may be temporarily unoccupied but is still lived in by the owner or tenant.
Types of vacant houses include
- Foreclosed homes - has been seized by the lender due to the owner's inability to make mortgage payments.
- Abandoned homes - left unoccupied by the owner for an extended period of time.
- Estate homes - left vacant due to the death of the owner and is waiting to be sold or transferred.
- Investment properties - purchased for the purpose of generating rental income but is currently unoccupied.
- New construction homes - built but have not yet been sold or occupied.
- Seasonal homes - used for recreational purposes only during certain seasons and are left vacant during the off-season.
Why is a Cash Home Sale the Best Way to Sell My Vacant House?
Cash home sales often close much faster than traditional sales, as there is no need to wait for mortgage approval or appraisal. This can be especially beneficial for owners of vacant properties, as they may not have the resources or patience to wait for a long and drawn-out sales process.
A cash sale eliminates the risk of the sale falling through due to financing issues or appraisal problems. This provides the seller with a greater degree of certainty that the sale will close as agreed. Cash buyers often purchase properties as-is, without requiring the seller to make any repairs or renovations.
For owners facing foreclosure, a cash sale can be a way to quickly sell the property and avoid further financial damage. With a cash home sale, there are often no real estate commissions, which can save the seller a significant amount of money.
Do I Have to Make Repairs if I Sell My Vacant House As-Is?
If you sell your vacant house as-is, it means that you are selling the property in its current condition and will not be making any repairs or renovations. This means that the buyer is purchasing the property with all its existing faults and defects, and is accepting the property in its current state.
Selling a property as-is does not relieve you of all legal obligations or requirements. For example, the property must still comply with local building codes and safety regulations, and the seller must disclose any known defects or issues with the property.
Get a Fast Cash Offer for Your Vacant House
Do you need to sell your vacant property fast but can’t find a buyer? If so, we can help. Local Guy Buys Houses can purchase your property as-is and pay cash. You make no home repairs or upgrades. Plus, you can close the sale of your property in as little as seven days. Call 855-205-5999 to get a fast cash offer on your house.