The questions/issues that agents need to raise with sellers:

Vacant House Needs Work

  1. Did you inform the insurance company that the home is vacant?  Remind them that there is an added cost for this, however, the liabiity of having a vacant house is great for the insurance company and the owner.  Not informing the insurance company can void the policy - so if there is an accident on the property or damage - the owner may not be covered.
  2. This might be a good time to speak with their insurance agent about some additional liability insurance.
  3. Someone needs to check on the house regularly and actually go inside and check for problems and walk around the house and yard.
  4. If it is winter, consider winterizing the home.
  5. Someone should be responsible for picking up flyers, local newspapers, watering plants, et.al.
  6. Lawns and Gardens need regular maintenance.  Have they made arrangements?
  7. Is the seller willing to pay for staging?   Who would you recommend?
  8. Have they considered renting if they can't sell it?
  9. What hours will the house be shown - keep normal hours - 24 hours creates dangerous situations.
  10. Someone needs to check that the doors/windows/garages have been secured.  Yes, we'd like to think the other agents do this.  I toured a vacant house last week and called the agent to tell them someone not only left the backdoor unlocked but wide open.
  11. Utilites need to be left on for safety, but they may want to consider the pros and cons of turning off the water.
  12. Who will check that the burned out bulbs in the light fixtures are replaced?
  13. If the house is on the market for some time, other issues like furnace filters need to be considered.
  14. How will additional cleaning and maintenance of the home handled?
  15. What should be done if there is an emergency and the owner is unavailable, is there another person locally that can make decisions (get it in writing).
  16. Are there pest control issues?  How will they be handled?
  17. Has all the trash and extra furniture been removed from sheds, attics, crawl spaces?  How will that be handled?
  18. How will repairs be addressed if they come up after a home inspection?  Who will meet the repair people and who will be available to authorize work?
  19. If the sellers are out of town, are they attending settlement?
  20. How will you get the offer presented?  What are the logistics - email, fedex, mail?

Vacant homes can be quite a burden, but if you don't discuss these issues ahead of time, you might wind up being the person who is taking care of these issues and bearing the stress of the responsibility.

 

 
This post has been included in Maryland Information

5 Comments on Vacant Home Considerations

AUG
10
2007
That is great info, thanks for the post. There is a lot of vacant homes out there.
1:02am • #1
125,967 Points 7 Featured Posts Outside Blog

These are great tips and reminders! Vacant homes are tough since no ones lives at the property and a pipe may burse without people realizing it! These are some of the great tips and can help to prevent those headaches or damage control.

Cheers,

Cindy 

2:38am • #2
AUG
14
2007
1 Featured Post

Perhaps  the seller would be willing to pay an increased commission for additional responsibilities of taking care of the vacant property. An interesting logistic to consider.

5:54pm • #3
AUG
17
2007
1 Featured Post

A vacant property is also a great reason to use an electronic lockbox! It eliminates potential issue of unconventional access times to the property.

5:09pm • #4
4 Featured Posts

Yes, however, some agents will do things like leave doors open because their clients don't meet their schedule and they don't want to wait around.

I've been to several vacant houses like this and call the listing agent immediately so they can read the lockbox and know who was last responsible for the house.

You have to be very careful with vacant homes.  You never know what you might find.

5:34pm • #5

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Yvette Chisholm

Bethesda, MD

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Long & Foster Real Estate, Inc.

Address: 402 King Farm Blvd #150, Rockville, MD, 20850

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