market value: 5 Reasons why you should consider selling your vacant house now.
- 09/25/11 08:10 AM
5 Reasons why you should consider selling your vacant house now. Property Tax Expense You must continue to pay property tax on your vacant house. If you choose to ignore the property tax bill, a tax lien will be placed on the property which must be paid in full when you sell the property later. Insurance Expense / Loss of Coverage / Liability You should have insurance on the property to cover damage and liability. This is a recurring expense. By the way, if your vacant house has been unoccupied for over 30 days, it may no longer be covered by (4 comments)
My blog contains information that may be helpful for real estate agents, appraisers, investors, home inspectors, and other real estate professionals. I invest in two markets: North Metro Atlanta and Northern Virginia.