If your home is vacant; SELL IT!

Worthington Realty International is going to debunk the myth, "Even though my home is vacant, it's paid off which is why I can hold out for the top dollar.  I already live in my dream home, so I can wait as long as it takes.  I know what it's worth.  As soon as I sell my vacant home, I can pay off the mortgage on my dream home!"

Always needy, never greedy, is Worthington Realty International's philosophy on selling a vacant home when you own another.  Listed below are expenses that need to be taken into consideration when your home is sitting idle.

1. Property Taxes - often times $2,500 on a home valued at $100,000. 
2. Heat - Even if it's cheap, it's still an expense
3. Electric - same as above
4. Mortgage Interest - In the myth the dream home still has a mortgage, so you paying the mortgage interest on the dream because your vacant home hasn't sold.
5. Home Owners Insurance $500 annually and up for a home valued at $100,000.
6. Maintenance - generally 1% of your homes value per year
7. Possible association fees - for gated communities and condo's
8. Yard work
9. LOST TIME
10. Opportunity Cost - The amount of money you could have made on another investment.
11. Depreciation - If you keep holding out, you will keep lowering your price to market conditions.