Vacating your house while you short sell: A TO DO LIST
Posted by Minna Reid on Monday, November 28th, 2011 at 1:01pm.Vacating your house while you short sell: A TO DO LIST
If you are vacating your home that is listed to short sell or already pending to short sell there are a few things to take care of before you lock up and take off:
1. Keep the electric on. Buyers will be looking at your home. This is difficult without light. Also, if you are blessed with a pending sale - this person will want to inspect your home. Electricity is necessary. The bill is small in a vacant home.
2. Keep the heat on. Buyers will be looking at your home and if you are blessed with a pending sale, this person will want to inspect the heating system. On a further note; I am in Connecticut - but for a lot of the US - a home without heat leads to frozen pipes that burst and flood the home...causing significant property damage. If you absolutely cannot keep the heat on - have the home winterized - inexpensive, and SO worthwhile.
3. Keep insurance on the home. It's still your house. If something happens on it - you will be held liable. Protect yourself.
4. Keep paying the water/sewer bill if these are city provided. There is nothing worse than trying to cure an old city water/sewer bill to get those back on so a buyer can do inspections.
5. Secure your house. These are tough times. Last winter every last one of my vacant properties had the copper pipes stolen. A vacant house - especially a BLATANTLY vacant house ( tall grass, no curtains, no light ever) is a magnet for every teenager, robber and vagrant in the neighborhood. Get a plan together to keep your property secure and looked after.
*************************************





Print
Share
[...]name or pay your back due fees in order to have a functional home for inspections and approval. Take measures to keep your protected and sellable before moving out.
Uncooperative title holders/mortgagors. This would be the ex who is on title with you but has gone[...]
Posted on Monday, January 16th, 2012 at 8:27am.