Zillow Advice: For Sale by Owner - Is it better to leave an older home on valuable property or remove it and sell as empty lot? http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ Zillow Advice | Zillow Real Estate I would amplify the advice ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ <p>I would amplify the advice received to talk to local agents about the advantages of keeping the structure in place so the Buyer has the option to work with it or tear it down.</p> Fri, 21 Oct 2011 12:17:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-10-21T12:17:00Z I'm late to the party, but ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ I'm late to the party, but I concur with those who said that you ought to speak to local agents.&nbsp; A few things to know.&nbsp; 1.&nbsp; The may be specific issues with respect to demolition due to lead-based paint and other toxic materials used when the home was originally built.&nbsp; 2.&nbsp; There may be issues with footprint, setbacks etc. if the area has more stringent rules than used to be in place when the home was built.&nbsp; 3.&nbsp; As many mentioned, there may be some value to a prospective buyer from a financing contingency or as mentioned directly above from a footprint standpoint.&nbsp; Good luck!<br/> Thu, 29 Sep 2011 19:35:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-29T19:35:00Z We live in an age where it's ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ We live in an age where it's hard for people to see past what's put in front of them.&nbsp;&nbsp; That's why we stage homes... that's why we&nbsp;have Rooms to Go.... no muss, no fuss... people can see just how that sofa goes with that armchair and coffee table.&nbsp; My philosophy is you can tell them all day long they can knock down the house, but ask yourself it the lot would look better showing off its natural beauty without the house.&nbsp; The cost for demo should be pretty&nbsp;reasonable.&nbsp; Mon, 26 Sep 2011 20:51:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-26T20:51:00Z It is really hard to say ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ It is really hard to say without knowing the town and neighborhood your talking about first. Like the others have said contact a local agent to find the best course of action. But speaking just generally I wouldn't tear down anything. Mon, 26 Sep 2011 20:27:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-26T20:27:00Z If you demolish the house ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ If you demolish the house my friend you will removed an option that a potential buyer may have wanted and at the same time you will have to foot the bill for the demo work etc, so I'd suggest you make an appointment with 2/3 local Realtors&reg; and move forward from there. All the best, Chris Tue, 20 Sep 2011 21:44:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-20T21:44:00Z There may be financial value ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ There may be financial value to the new owners in having a "remodel" to work on vs. new construction based on permit issues (even if they just leave one small wall up).<br/><br/>Talk to a local broker, but most likely, leave it there. Tue, 20 Sep 2011 18:21:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-20T18:21:00Z Do not tear down the house!! ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ Do not tear down the house!! Why go to the expense? But the real issue is it will be much harder to finance an empty lot than a house, even if it is a tear down. Many developers may try to get a purchase loan and it will e a lot easier to get a home loan than a vacant lot loan (if they even exist today!).&nbsp; Tue, 20 Sep 2011 18:13:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-20T18:13:00Z Your house has some value. ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ Your house has some value. Why spend money to tear it down and remove that value? If a developer wants the land they would pay what they must for the lot house price included. You might find someone who wants that old house on that lot. Thu, 15 Sep 2011 22:18:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-15T22:18:00Z Before you do anything I ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ Before you do anything I would call a couple of full time Realtors who specialize in your neighborhood.&nbsp; Ask friends/family for referrals.&nbsp; Best of luck! Thu, 15 Sep 2011 21:43:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-15T21:43:00Z If you knock down the house, ... http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ If you knock down the house, remember that mature trees can add considerable value. Thu, 15 Sep 2011 14:57:00 GMT http://www.zillow.com/advice-thread/Is-it-better-to-leave-an-older-home-on-valuable-property-or-remove-it-and-sell-as-empty-lot/415692/ 2011-09-15T14:57:00Z