Selling an Empty House? Here’s Why Cash Buyers Might Be Your Best Option in Sioux Falls, SD
If you’re sitting in an empty house in Sioux Falls, you probably already know it can feel like a heavy burden. Whether you inherited the home, moved out of state, or relocated locally, maintaining an unoccupied property quickly becomes stressful and expensive. Utilities, property taxes, maintenance, and security concerns can pile up quickly, turning a valuable asset into a financial headache.
While many homeowners might assume a traditional sale is the way to go, selling an empty home to a cash buyer is often simpler, faster, and financially smarter. In this blog, we’ll cover why cash buyers are ideal for owners of vacant properties, the real-world benefits you’ll gain, and current Sioux Falls market trends that could make now the perfect time to sell.
The Hidden Costs of Owning an Empty Home
First, let’s talk about what it costs to own a vacant home. Many homeowners underestimate these expenses at first. Here are some common hidden costs that quickly add up:
- Utilities: Even if nobody lives there, you need to keep minimal heating and cooling on, plus electricity and water.
- Property Taxes: Sioux Falls homeowners still owe property taxes, even if nobody’s living in the house.
- Insurance: Insurers often charge more to cover vacant homes because they see them as higher risk.
- Maintenance: Empty homes need regular check-ups, lawn care, snow removal, pest control, and sometimes emergency repairs.
- Security Risks: Vacant properties can attract theft, vandalism, or even squatters, adding potential security costs.
According to a recent study by Porch.com, a vacant home can cost the owner, on average, around $1,000–$1,500 each month due to these ongoing expenses. The longer you hold onto the home, the more these costs eat into your equity and peace of mind.
Why Selling Your Empty House the Traditional Way Is Tricky
If you’ve considered listing your vacant home with a real estate agent, you’ve probably encountered some challenges. For one, empty houses can feel cold and less appealing to potential buyers compared to staged homes.
Buyers often struggle to picture themselves in empty homes. Staging can cost thousands of dollars and take weeks or months to organize, according to Realtor.com. Plus, even after staging, there’s no guarantee of a quick sale. Traditional listings can take an average of 36–60 days or more in the current market.
Also, empty houses can trigger extra scrutiny from potential buyers or their inspectors who might suspect issues, like plumbing or heating, that occur when homes are vacant long-term.
Why Cash Buyers Make the Process Easier
Cash home buyers, like our team at ReSolve Real Estate Solutions, simplify the sale of your empty Sioux Falls property. Here’s why:
- No Staging Required: We see your home’s potential even without furniture or decor.
- Fast Closing: Cash buyers can close quickly, often within 7–14 days. This fast process eliminates months of waiting and uncertainty.
- Sell As-Is: You won’t need to make repairs, upgrade appliances, or repaint walls.
- No Commission Fees: Unlike listing with an agent, you pay no realtor commissions or hidden fees.
- Less Paperwork: A cash sale involves significantly less paperwork, saving you time and stress.
Choosing a cash buyer means your empty home can turn into cash in your bank quickly, without the usual headaches or hidden costs of traditional sales.
How Selling to a Cash Buyer Protects Your Vacant Home
Vacant properties aren’t just expensive—they’re risky. Selling quickly to a cash buyer reduces those risks dramatically. The longer your home remains empty, the more likely it is to experience costly issues like burst pipes, mold, or damage from vandals.
A study by the Insurance Information Institute found vacant homes are about 60% more likely to experience theft, vandalism, or other damage compared to occupied properties. Cash buyers remove this vulnerability by helping you sell quickly. You avoid further expenses or surprises, ensuring peace of mind.
Current Sioux Falls Housing Market Trends
Before deciding how to sell your empty house, it helps to understand the local market. According to recent data from Redfin, Sioux Falls home prices have risen around 13.6% year-over-year, with the median home price currently sitting around $335,000.
While these numbers indicate strong buyer demand, it’s important to remember that vacant properties can still sit on the market longer, especially if they need even minor repairs or upgrades. The cash buying process leverages the current strong market by allowing you to sell quickly, without worrying about potential delays or decreased interest because of the property’s condition.
Real-Life Example: Selling a Vacant Home in Sioux Falls
Let’s look at a recent example. A homeowner in Sioux Falls moved to Florida for work, leaving their property empty for several months. After two attempted traditional sales fell through due to inspections and financing issues, the homeowner decided to contact us.
ReSolve Real Estate Solutions offered them a clear, upfront cash offer without asking for repairs or staging. Within two weeks, the homeowner had their money, no more worries about the house, and the relief of knowing their empty home was no longer draining their resources.
This scenario is common, and cash buyers help homeowners avoid prolonged stress and unnecessary costs every day.
When Is Selling to a Cash Buyer the Smartest Choice?
Selling your Sioux Falls empty house to a cash buyer like ReSolve Real Estate Solutions is ideal if you:
- Recently inherited a vacant property.
- Relocated quickly for work or personal reasons.
- Have a rental home that’s now vacant and costing you money.
- Want to avoid repairs, renovations, or staging expenses?
- Need fast access to cash for other investments or expenses.
Cash sales remove all these common hurdles, providing you with certainty, speed, and freedom.
Tips for Choosing the Right Cash Buyer in Sioux Falls
Not all cash buyers are created equal. Look for these key signs when choosing a reputable buyer:
- Transparency: The buyer should clearly explain how their offer was calculated.
- Local Reputation: Check online reviews or testimonials to see real experiences from local sellers.
- No Fees or Surprises: Legitimate buyers won’t charge fees or commissions and will clearly explain their offer.
- Flexible Timelines: A good cash buyer lets you pick the closing date that suits your needs.
At ReSolve Real Estate Solutions, we pride ourselves on meeting all these criteria. Our goal is to ensure you have the best possible experience selling your Sioux Falls property quickly and easily.
Selling an Empty Home!
Selling a vacant home doesn’t need to be complicated, costly, or stressful. Choosing a cash buyer like ReSolve Real Estate Solutions lets you skip traditional real estate hassles, avoid unnecessary risks, and benefit from current Sioux Falls market conditions.
If you’re tired of maintaining an empty house and ready to simplify your life, selling directly for cash might be exactly the solution you need. At ReSolve Real Estate Solutions, we help Sioux Falls homeowners turn empty properties into quick cash. Call us today at 605-370-5190 to get your no-obligation offer!