Are you thinking about buying a vacant home? If so you’ll want to weigh the pros and cons before doing so. Just like most things in real estate there is an upside and downside to certain situations, buying a vacant home being one of them.
One of the biggest pros of buying a vacant home is being able to see exactly what you’re getting. Cracks on the floor won’t be covered up by area rugs and holes in the wall will be easily seen. While one of the biggest cons of buying a home is it may not be maintained. So the landscape might be overgrown and the mechanicals may not even work.
All vacant homes will be in different conditions and different circumstances behind why they’re vacant. Knowing all of the facts are key to buying a vacant home.
Michelle Gibson is a full-time Realtor specializing in residential real estate since 2001 in Wellington Florida and the surrounding area. She assists buyers, sellers, landlords and tenants with all of their real estate needs.