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What Do You Need to Consider When Selling a Home?
Selling a home is a significant decision, and prospective sellers often grapple with whether an empty house is more advantageous than a furnished one. The choice depends on various factors, including the current real estate market and the condition of the property.
According to experts, historically, homes that are occupied tend to sell faster and for a higher price compared to vacant ones. A study found that vacant homes sold for approximately $11,000 less than their occupied counterparts and took an average of six days longer to close. However, there can be exceptions, especially in competitive markets with more buyers than available homes.
Understanding the Market Dynamics
It’s crucial to assess your local market conditions. In a competitive and active market, an empty house can present an appealing option for buyers looking to move in immediately. Melanie Hunt, a veteran real estate agent, emphasizes that if a home is cluttered or overly furnished, showing it empty may allow buyers to visualize the space more clearly. She advises that removing excess furnishings can highlight the home's essential features.
Making the Right Decision for Your Sale
Ultimately, the decision should hinge on the home’s condition and market forces. If sellers cannot present their home in a clean and welcoming manner, going for an empty look may be the more effective choice. Clear visual aesthetics can enhance buyer interest, creating a positive impression necessary for a quick sale.
What This Means for Commercial Real Estate
For individuals and companies focused on commercial real estate, understanding these dynamics can also guide decisions regarding leasing or renting space. Just as residential properties are influenced by presentation factors, the same tactics can apply in commercial contexts. Ensuring properties are visually appealing and ready for occupancy can lead to faster leasing times and possibly higher returns.
If you're contemplating selling a property, whether residential or commercial, consider engaging with an experienced real estate agent who can provide personalized insights and strategies for your unique situation. Making informed decisions with expert advice can mean the difference between a quick sale and a prolonged listing.
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