Selling a vacant house can be very expensive
This $499,000 listing sat on the market for over 2 years. According to the survey of Realtors, if it sold as a vacant house, the sale price would have been between 10% and 20% lower, or about $424,000.
The owner and Realtor engaged Showhomes and transformed the vacant house into a fully staged and managed Showhome. The home showed perfectly and the owner accepted an offer of $474,200 in just 5 months.
Final sale price: |
$474,200 |
Value added to price by Showhomes: |
$50,200 |
Potential client savings:
Mortgage interest while vacant 24 months: |
$39,000 |
Taxes, utilities and upkeep for 24 months: |
$19,200 |
Total value added for the Home Owner: |
$105,280 |
The Realtor enhanced his reputation for selling a "stagnant" listing at a premium price and helped raise property values in the neighborhood.
