Vacant vs. Occupied: What You Need to Know Before You List Your Home

It’s time to sell your home. You have your eye on an attractive new home in that lovely neighborhood and you can’t wait to get out of your old place. But if you rush out of your old home before it’s sold, you could be losing out on thousands of dollars.

But why?

The numbers speak for themselves: vacant homes simply don’t sell as well as occupied homes. According to the CAR.org graphic below, vacant homes sell for $11,036 less, and remain on the market an average of six days longer than occupied homes.

Of course, there are pros and cons to selling either way. For instance, a vacant home is easier to show; buyers’ agents can show the house any time of day without worrying about disturbing the occupants. As well, an occupied home must be kept clean and presentable for prospective buyers. Nonetheless, occupied homes continue to sell for more than vacant homes, and often appeal more to buyers due to their cozy, lived-in atmosphere.

Unable to sell before you move out? Have no fear, a professionally staged home can look just as lively and welcoming as a lived-in home if you’re willing to pay the staging fee.

Bottom Line: “Think before you move (out)”

You will certainly be best served if you consult a real estate professional before listing your home or buying a new home.

Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure you make the best possible decisions. We are dedicated to keeping on top of the real estate market and keeping you informed of changes. You can rest easily knowing you made a well-informed decision based on experience and insight into the Concord California market.

To reach Peter Maclennan please call 925.385.8798 or email at peter@maclennaninvestments.com.