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8 Super
Strategies for Selling Vacant Property
by Sandy Dixon, Interior
Arrangements, Inc. |
Think of a house as a
theatrical stage. When it is not being used and is void of
props and scenery, it lacks interest and rarely warrants a
second glance. However, after the set designers have worked
their magic, the space comes alive and sets a ‘scene’ for
the onlookers. Whether enticing, energizing or relaxing, the
ultimate goal is to elicit an emotional reaction and
connection to that particular space.
The same applies to homes that
are on the market. Without furnishings, many houses lack
interest and buyers have difficulty imagining how the space
would look furnished, not to mention picturing themselves
living there. Look at home builders who have known for years
how buyers emotionally connect to model homes that have been
beautifully furnished and accessorized.
Due to job transfers, divorce,
tenants vacating or a distant move, it’s not always feasible
(or economical) to keep a home furnished when it goes on the
market. Here are some simple ways to improve the
marketability of a vacant property and increase the chances
of a swift sale:
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Curb Appeal:
Buyers like to drive by
prospective properties and many won’t make an
appointment to see the inside if curb appeal is lacking.
Sellers need to have a plan for keeping the lawn mowed,
shrubbery trimmed, flower beds weeded, and gutters and
windows cleaned. Also, eliminate any items left behind
in the yard that are not included with the house or that
make the property appear unkempt.
-
Odors:
Potential buyers are often greeted with a blast of stale
or mildew-ladened air when they enter a vacant house.
Deal with the mildew before the house is listed. Leaving
the heat or air conditioning running while the house is
on the market helps to reduce odors. It also makes the
house more inviting and comfortable to be shown when the
temperatures are extreme.
-
Cleanliness:
Some sellers don’t bother
to clean a house before they list it or if they do, the
results don’t last if the house remains vacant and
unsold for any length of time. Dust, cobwebs and bugs
tend to take over if routine cleaning isn’t maintained.
Some buyers get the impression that a house will require
repairs if it looks dirty, cluttered or
abandoned---which can dramatically impact whether they
make an offer and how much they offer.
-
Lighting:
Bright, well lit rooms
look bigger and create a more inviting
atmosphere. Make certain all light bulbs are working and
that light fixtures are clean. Any dated or outlandish
light fixtures should be replaced with more modern and
simple fixtures. If sellers take light fixtures with
them, make sure a replacement is hung before house goes
on the market.
Note: For closets, attics or
crawl spaces where there is no lighting, install battery
operated light disks sold at all home improvement
stores.
-
Window
Treatments: Eliminate
heavy, outdated and worn draperies and window coverings
(this includes valances). Blinds and sheers can be left
if they are in good condition.
-
Confusing
Rooms: Some buyer’s can’t
make sense of the floor plan in an
unfurnished house. If a room’s function cannot easily be
identified, if it looks out of place or negatively
impacts the flow of the house, have a game plan ready.
If the situation cannot be corrected or minimized,
consider either furnishing the space to eliminate the
confusion or write a short ‘action plan’ with remedies
that buyers might use to modify the space.
-
Dual
Functioning or Multi Purpose Rooms:
Many homes are being built these days with rooms that
serve dual or multi purposes. For instance living/dining
rooms; kitchen/office areas; family room/play
room/homework area. Because many buyers have difficulty
envisioning a room any other way than the way they see
it, it’s important to either show or tell them the
potential uses for the room.
Use area rugs to better define the individual functions
of a room---place one where the dining room furniture
would be and another where the living room furniture
would be. Print cards and display them in a prominent
place that say:
“Don’t forget or did you know…this room could also be
used for a play room, computer room, library/reading
room, sewing/craft room, etc.”
It is a written way to help buyers envision the
possibilities of the room(s).
-
Vignettes or
PPP’s (Places to Ponder the Potential):
It’s often hard for buyers to get a feel
for the size of a room when it is vacant. Furniture
provides a gauge. If completely furnishing a room is out
of the question, consider either adding a few essential
pieces for instance, a queen or king size bed in a
master bedroom that might appear too small to
accommodate. Better yet (and more economical), create a
‘vignette'…a mini-scene…a cozy seating and conversation
grouping. The ingredients could be as simple as one or
two chairs, a small table, lamp, a touch of silk
greenery. Pull it all together to create a scene or
snapshot of what the room might look like.
Buyers often like to sit down in a home they are
considering buying to get a sense of how’d they’d feel
living there. Creating a simple vignette facing a
dynamic view, in front of a fireplace or in a room that
oozes charm and
comfort, could be the deciding factor.
A well planned strategy for
selling vacant properties is imperative in all markets---
sluggish or hot. Creating an inviting environment may not
require adding furniture or accessories, but it does require
a keen assessment of the house as to the best way to get
prospective buyers to emotionally connect and picture
themselves living there.
Don’t let your vacant listings leave buyers feeling empty.
Set the stage and you’ll get them sold!
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