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It may seem obvious that a vacant house should not sit vacant for very long. You may have heard some of the dangers of leaving a home without an inhabitant. But there are 6 reasons that sit at the top of the list right this very moment. Some of them are solutions to potential legal and financial troubles, but some of them are a bit more festive. Let’s break it down…
- Vacant houses are often left uncovered by your homeowner’s insurance. Don’t believe me? Go read the fine print. Insurance companies are always looking for loopholes that help them stay profitable. One such way is to eliminate coverage if the home sits vacant. As you know, your home is a target for vandalism and squatting if it sits vacant. Neighbors talk, and word gets around. Before you know it, even the homeless and drug dealers have heard. If something were to happen to your home while it sat vacant, you are responsible for the damages and your insurance company is in the clear.
- Management gets harder over time. At first, it may seem simple to mow the lawn every week or so. Before you know it, your schedule will change to 10 days, then 2 weeks. After awhile, you may skip mowing until you get a notice or warning in the mail from the city. The saying, “out of sight, out of mind”, is relevant here. The property can become less important as it exits your daily life.
- Holidays can be expensive. If you are reading this in October when it was written, you may feel the holidays coming up very quickly. Extra cash from selling your home would be a welcome infusion. Selling now would eliminate any time crunches in the event of complications during closing, and allow you some time to shop ahead of Christmas.
- Your New Years resolution may be to fix your credit, reduce your expenses, or remove the old and “in with the new”. Why hold onto a second home when it is more of a burden than anything?
- Create a performing asset before tax time. Your home sitting there vacant is doing nothing for you. Instead, you can cash out and sock away your cash into a mutual fund, letting it earn untouchable profits until you decide to cash out. Having your home sit vacant rather than putting the money to work for you is like keeping a cache of cash under your mattress.
- Create a cash-flow asset. If you are not in a hurry to sell, you can sell slowly in the form of a lease/option or seller financing, and collect cash on a monthly basis. If the house is going to sit there, why not have a family live in it rather than let it be a target for vagrants? Extra cash for the holidays can be a blessing!
If you understand the benefits of selling now, give us a call toll-free at (888)519-3721 or use the quick and easy form for a fast cash offer – or even a cash flow offer!
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