When you're ready to sell your home, one question you may ask yourself is whether to sell it vacant or occupied. There are pros and cons to both options, and it ultimately depends on your specific situation and goals. Here's a closer look at the advantages and disadvantages of selling your home vacant or occupied:
Selling Vacant
When you sell your home vacant, it means that you've moved out, and the house is empty. Here are some pros and cons:
Advantages of Selling Vacant
- The house is easier to stage and show to potential buyers. When the home is vacant, it's easier to highlight the space and layout, which can help buyers envision themselves living there.
- There's no need to coordinate with tenants or deal with the inconvenience of showing a home that's currently occupied.
- The home may sell faster, as buyers can move in right away.
Disadvantages of Selling Vacant
- The house may appear cold and uninviting without furniture or personal touches.
- Without anyone living in the home, it may be more susceptible to vandalism or theft.
- The cost of staging the home can be expensive.
Selling Occupied
When you sell your home occupied, it means that you or tenants are still living in the home. Here are some pros and cons:
Advantages of Selling Occupied
- The home appears lived-in and cozy, which can help potential buyers envision themselves living there.
- You may be able to earn rental income from tenants while you're selling the home.
- The cost of staging the home may be reduced, as you can use your existing furniture and decor.
Disadvantages of Selling Occupied
- It can be challenging to keep the home clean and tidy for showings, especially if you have children or pets.
- You'll need to coordinate with tenants, which can be inconvenient and may limit the number of showings.
- Buyers may be less likely to make an offer if the home is occupied, as they may feel like they're intruding on someone else's space.
Conclusion
Deciding whether to sell your home vacant or occupied depends on your specific circumstances and goals. Consider the advantages and disadvantages of each option and consult with a real estate professional to help you make the best decision. With the right strategy, you can sell your home quickly and for a fair price, whether it's vacant or occupied.
