The Hidden Dangers of Vacancy
1. The Squatter Nightmare & Adverse Possession
In many jurisdictions, if someone breaks into your vacant property and establishes residency, they gain rights. They are no longer trespassers; they are occupants. Removing them requires a formal Civil Eviction Process which can take 3-6 months while they destroy the interior. We buy homes with occupants in place, taking that legal burden off your shoulders.
2. The "Vacancy Clause" in Insurance
Read your policy carefully. Most carriers have a clause stating coverage ceases if the home is uninhabited for 30 or 60 days. If a pipe bursts in a vacant home in winter and floods the basement, and you haven't switched to a Builder's Risk or Vacant Home Policy, your claim will likely be denied. You are self-insuring a massive liability.
3. Code Violations & VPROs
Municipalities are aggressive about blight. Many cities now enforce Vacant Property Registration Ordinances (VPROs). If you fail to register your empty home, fines can accrue daily. We purchase properties with attached code violations and liens, paying them off at closing.
| Expense (6 Months Vacancy) |
Estimated Cost |
| Property Taxes |
$2,500+ |
| Vacant Home Insurance |
$1,800+ |
| Utilities (Service Fees) |
$600+ |
| Lawn/Snow Maintenance |
$900+ |
| TOTAL CASH DRAIN |
$5,800+ |
Max's Insight:
"The biggest mistake I see sellers make is trying to renovate a vacant home from a distance. Contractors know you aren't watching. Projects go over budget, and materials get stolen. Sell it as-is and stop the bleeding."
