If you’ve been using your vacation home yourself and/or renting it out but you’re ready to sell it to an interested buyer to reap the profits from your investment, you may find that you need to take a different approach than you’d take when selling your primary residence.
Check out the tips below if you’re planning on selling a vacation rental and you want to do so as quickly and easily as possible.
Spice Up the Home’s Curb Appeal
Just like any other home, curb appeal is really important when it comes to a vacation home. In fact, it may even be more important, especially if your property is located in a desirable area. You want the home to look fresh, well maintained, and inviting, so update the landscaping, if necessary, and repair any problems found throughout the exterior prior to listing your home.
Stage the Interior of the Home
Staging a vacation home should be focused upon the activities that people are there for. So, for example, if the property is in a tropical area near the beach, you would want to incorporate a fun seaside theme that’s relaxing throughout the home. On the other hand, if your property is located in the mountains and is primarily used in the winter as a luxury cabin, you would want the interior to be ultra cozy and warm.
Let Potential Buyers Know the Rental History
If you own a vacation home that you’d rented out in the past, you should give your real estate agent the history of all of the rentals that occurred throughout your years of ownership. This is because buyers will be interested in knowing this information, whether they’re also planning on renting out the property to make some extra money or they’re planning on using it exclusively for themselves.
Include all of the websites that your property is currently listed on, along with the name of your property’s manager and their phone number. Also be sure to supply a new buyer with the income that you made from the rentals, and the total number of nights that the property was used by vacationers in the last year.
Finally, if you wish to include the rental income potential for your property, also provide the projected income for the next three to six months. This will get investors really interested because they’ll truly see the value in your home.
Get an Appraisal and an Inspection
Having your property appraised will cost you a few hundred dollars, but it should be done prior to listing the property for sale so you can be certain that you’re pricing it accurately and fairly. Plus, you can use the appraisal to prove to buyers that you really know what the home is worth.
In addition to getting an appraisal, you should also hire a home inspector before listing the home because this will give you the chance to recognize problems that need to be fixed prior to selling.
Whether you’re selling a beachfront property at the Jersey Shore or one of the lovely Panama City Beach Luxury Properties, keep the above tips in mind for the best results.
