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Trials and Tribulations of Vacancy

Trials and Tribulations of Vacancy

With so many distressed properties on the market (both short sales and bank-owned foreclosures), it’s not uncommon for neighborhoods to have vacant homes. In fact, I passed one on a walk just yesterday morning and was wondering why on earth the listing agent had left the curtains open—making it so brutally obvious that the home was vacant. I mean why not put out balloons and a sign that says Looters, Please Come Visit Soon.

If you are a short sale seller who is in the midst of moving and who will be vacating a home, know that the home still belongs to you until the property transfers or is sold.For many short sale sellers, this means that you may have to continue to keep up with the utilities, the Homeowner’s Association, the lawn maintenance, and other obligations associated with the upkeep of the property.

Another concern with respect to a vacant home has to do with security. In certain parts of the United States, vacant homes are taken over by all sorts of characters. Also, in rural areas, plants and other items can magically disappear from properties that are vacant and in more remote locations. While this situation is extremely unfortunate, it is often hard to avoid. One solution to this problem would be to hire a house sitter to reside on the property until it is sold and the short sale transaction has closed.

Ultimately, the issue of security is the responsibility of the owner of the property. So, sellers who have to move should make arrangements to assure the security of their property during the tough transition. When in doubt about how to proceed and best protect the property, consult with a qualified Realtor® who might be able to make some suggestions about how best to avoid an unfortunate situation.

Originally posted at http://servingsandiegocounty.com

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ABOUT ME

Sharon Paxson is a full-time REALTOR® with EQTY | Forbes Global Properties and has been specializing in residential real estate throughout the Newport Beach area since 2005 assisting Buyer’s, Seller’s, Landlords, and Tenants with their real estate needs.

If you are thinking about buying, selling or renting your home, condo or other Real Estate in the following areas including Newport Beach, Newport Coast, Corona del Mar, Huntington Beach there are thousands of Realtors to choose from. However, it doesn't cost you any more to work with a top Newport Beach CA Realtor. We welcome the opportunity to show you how we get outstanding real estate results with specific and targeted marketing. If you are looking for a top real estate agent who will make a difference you have come to the right place. Use this real estate website to learn about communities and homes for sale.

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