Home Buying in Teaneck>Question Details

Rocco D'ange…, Home Buyer in Teaneck, NJ

why would an owner keep a home vacant for years?

Asked by Rocco D'angelo, Teaneck, NJ Mon Jul 25, 2011

could something be wrong with the property

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I've been dealing with vacant homes and their owners for 10 yrs. The most common reason I've found is that the house is usually one they grew up in and inherited from their parents. Thus, there's a lot of sentimental value involved and they simply aren't yet ready to sell.
1 vote Thank Flag Link Tue Jul 26, 2011
Maybe something's wrong with the owner.
Web Reference: http://www.321property.com
2 votes Thank Flag Link Tue Jul 26, 2011
Could be so many reasons as responses have confirmed - hopefully the owners have insurance that covers them in their vacant state.

Best,
Jeanne Feenick
Unwavering Commitmen to Service
Web Reference: http://www.feenick.com
1 vote Thank Flag Link Wed Jul 27, 2011
No, I know several owners that prefer to just carry the property and not have to deal with tenants. They are holding it waiting for the price to go up....it could be inherited or they purchased it as an investment property
1 vote Thank Flag Link Tue Jul 26, 2011
additionally, for some people headache of dealing with renters outweights benefits of getting rental income.
1 vote Thank Flag Link Tue Jul 26, 2011
a lot of reasons like some people decided to live out of state just left their home empty, etc.
1 vote Thank Flag Link Tue Jul 26, 2011
Am sure there are reasons such as house may be in probate, contesting of will, etc
1 vote Thank Flag Link Mon Jul 25, 2011
We do not ask why people do what they do with their property, but there are plenty of people that have homes that stay vacant for a long time, its their option its their property!
0 votes Thank Flag Link Tue Jul 26, 2011
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