There are hundreds, if not thousands of properties across the UK that are currently vacant; largely because of the condition they are in. Ironically, we are still facing a housing shortage, but if these properties were renovated, they could provide homes for thousands of people – so what's preventing this from happening?
Factors preventing sale
There are several reasons why these properties don't sell on the traditional market, including:
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Condition – many vacant properties are in a poor condition. Empty properties attract vandals, and even if they are left alone, they will suffer from decay and lack of attention to maintenance issues. Property owners who know they can't rent out the property don't want to invest in the refurbishment needed, and so the condition continues to get worse, putting off most traditional buyers.
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Location – there are vacant properties that are in some of the least desirable areas of the UK. Large quantities of vacant properties in areas that suffer from extreme poverty or deprivation will not sell through an estate agent.
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Price – the property market may still be strong, but that doesn't mean that people are prepared to pay out top dollar for an old, run-down, vacant house. If you've over-priced your house, hoping that someone will spot its potential and be prepared to pay more than it's worth, you're unlikely to sell.
How to sell straightaway
You can overcome problems like those above, without spending any additional money or time on the property. You can choose make use of an online auction site. This option allows you to set the price, and upload all your property details yourself, putting your property in front of buyers who are looking for vacant property to buy and renovate. It's much simpler than selling through an estate agent, and the fees are lower. What's more, the auction process means you may get more money from your property than the initial valuation suggested. There's no easier way to advertise your property to the people who are really interested in buying.
If you need help to sell a run-down property, contact us at Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to arrange a valuation today.