During difficult economic times, we all look at areas of our finances where we can cut and reduce costs. When selling a property, vendors want to be able to spend as little as possible yet still achieve maximum return.
It is particularly important during these difficult economic times that your property look its best and stand out from other properties on the market. With a limited amount of buyers searching for properties at this time, they can afford to be picky. Vendors can’t rely simply on land value, or houses receiving exceptional prices anymore. Your home needs to stand out from the rest of the properties on the market, otherwise it could potentially fall through the cracks.
Do Empty Houses Sell for Less or Take longer to Sell?
You are trying to sell your house and for whatever reason, you find yourself in a position where you are not living in the house you want to sell it empty. You’ve moved the furniture out and now you’re ready to sell but you are worried that you might be crushing your valuation or making it harder to sell. You are also probably in a position where you need to sell the house fast, which is adding to your stress levels. Thousands of sellers have been in the exact position you are in right now and the first question they always have is: “Will this house sell for less because it is empty.”
The short answer is yes, empty houses do take longer to sell than furnished, occupied or staged homes.
Bare walls, floors and ceilings are not engaging or exciting and lack emotional response from buyers. As well as this, empty rooms highlight property defects. The scratches on the polished floorboards, the dirty marks on the walls and the chipped paint on the window sills. There is nothing else to look at. Buyers will actually spend up to 15 minutes longer in your home if it is beautifully styled. Rather than just poking their head in each room before living to visit the next on the list, they will linger. They will connect with your property and will be able to imagine themselves living in every gorgeous room.
As you can see, selling an empty home is simply not an option. By leaving your home empty you could be losing money, wasting time and missing out on a large market of potential buyers. Leave it to our team of beautiful stylists at Mink Home to transform your property today.
It makes the home more welcoming
Empty houses naturally feel cold and uninviting. They echo and generally lack warmth, so buyers often have a hard time connecting on an emotional level with them. Home staging, even just a little bit of soft staging, can make a world of difference.
There are a lot of practical things to consider when house hunting, but many buyers also rely on an emotional connection with a property, especially when there is so much inventory to choose from. Empty listings struggle to make this connection with buyers because they lack the things that make a house feel like a home. A listing that strikes an emotional chord with a buyer will inspire faster, higher offers.