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Shayne Stone, "Your Rock Solid Choice Realtor" RETIRED (HomeSmart)

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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

p.s. Don't let the squatters know the locations or they might move in, Shayne!

May 10, 2024 10:13 AM
Rainmaker
1,510,003
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Who knows!  I have one in my neighborhood.  I sent them a letter stating "it looks vacant, lots of tall weeds, etc." and offered to buy it, help them sell it or rent it out (it was a rental previously).  A week later gardeners were there trimming the weeds.  At least that part of the letter worked!

 

Beyond that, governmental rent control ordinances.  The next city over has very anti-landlord rules and regs.  I'd leave my properties vacant if I had those types of laws out here.  They're paid off and property taxes are next to nothing.

May 10, 2024 09:39 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

 

I have a theory ... however cannot share it here. 

May 10, 2024 02:34 PM
Rainmaker
840,526
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

They are abandon

They owe and cannot pay

They mat be overprices

They may have passed away

They may have have code violations

all come to mind

May 10, 2024 09:18 AM
Rainmaker
1,751,437
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Sadly on Maui, hundreds of home sit vacant while people need places to live.  FEMA is paying rent to the owners, but nobody has moved in for months.  Something is wrong with this picture.

May 10, 2024 08:02 PM
Rainmaker
135,427
Michael Elliott
Fathom Realty - Burlington Township, NJ
Burlington, New Jersey Residential Sales

Not the case in my market.   I would think each situation is unique, not some kind of epidemic.  

May 10, 2024 10:49 AM
Rainmaker
1,062,710
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

In my area, they're vacant 'half the year' for seasonals and 'except Spring/Summer' for vacation home owners . . . they all need to be monitored by 'someone' so unwanted guests don't end up there bc that's exactly what they're looking for!

May 10, 2024 09:55 AM
Rainmaker
1,561,908
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

In San Diego my guess is:

Because many people have become wealthy enough to move first and sell later. Or they do not know what they want to do with the house yet-but have moved i.e. my neighbor across the street - I've never met. She moved out for COVID and never came back, I've lived across from her for 3 years and she's never been home and the house sits. 3-4 times per year the family comes over and cleans up the neglected yard and do things inside.
But essentially a $2MM home sits vacant and slowly decays.

May 10, 2024 01:55 PM
Rainmaker
479,893
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Shayne Stone 

They may have moved to greener pastures😬

May 11, 2024 06:12 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

People ignore their properties for many reasons, just keep reaching out to them and eventually they may decide that you may be the person to take this burden off their hands.

May 11, 2024 01:05 AM
Rainmaker
904,383
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Around here, everything sells, we really don't see much in the way of empty properties. I am surprised there are no squatters living in those houses. 

May 10, 2024 05:12 PM
Rainmaker
4,200,657
John Pusa
Glendale, CA

Hello Shayne Stone there are different reasons home owners leave houses empty. 

May 10, 2024 02:35 PM
Rainmaker
7,900,317
Roy Kelley
Retired - Gaithersburg, MD

We do not have many vacant homes that are not for sale in our local market. 

May 10, 2024 11:34 AM
Rainmaker
1,218,251
Peter Mohylsky, Destin BeachPro
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

In my hood, there are several who don't seem occupied and one that appears abandoned,  Interesting that they just sit there

May 10, 2024 10:18 AM
Rainmaker
855,865
Gwen Fowler SC Lakes & Mountains 864-710-4518
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

Many were sold on HGTV flipping or Vacation rentals until they found out neither was as easy as watching TV.

May 11, 2024 05:50 AM
Rainmaker
5,272,031
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a visible problem here in downtown Chicago, although many homes in the sky are vacant, but assessments paid.

May 11, 2024 04:39 AM
Rainmaker
916,698
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Some are second homes, some are part of subdivision in progress, some are temporary rentals/air-bnbs, some are in process of getting permits to demo and build new, etc. There's a variety of reasons in this area.

May 10, 2024 12:39 PM
Rainmaker
1,850,841
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

There's too many possible answers to that. People sometimes just refuse to make a decision on the property. 

May 11, 2024 06:42 AM
Rainmaker
2,789,816
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

What an interesting question with many answers too. On your confession, on the internet, that you commit trespass is a problem caused by an error. It should read you never trespass...I am sure Shayne Stone 

May 10, 2024 02:44 PM
Rainmaker
769,129
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I love showing vacant homes.  I don't find that many vacant though.

May 14, 2024 08:02 AM