What are some steps to take when relocating and needing to sell a house quickly in a specific market
Relocating can be an incredibly complex and stressful process that requires a great deal of coordination. We receive frequent inquiries from local home sellers who are relocating and need to sell their house quickly, and we are able to assist many of these sellers by actively purchasing their properties. Moving can be a challenging experience that involves many details and a significant amount of stress, often due to changes such as a new job or a sick family member.
To make the most out of a challenging situation, it's important to stay organized rather than agonizing over the details. Paying to own and maintain a vacant house for an extended period of time can be extremely costly and unnecessary. While the current market may be stable, unforeseen changes can occur rapidly, and we've heard countless horror stories over the years. Unless you have considerable financial resources, waiting out a downturn in the housing market may not be feasible.
If you're relocating and need to sell your house quickly, it's crucial to make informed decisions. Our team can help guide you through the process and ensure that you achieve the best possible outcome.
Find out what your house is worth.
One crucial aspect to consider is the urgency of selling your house. Waiting too long can result in a significant reduction in the selling price, as seen in cases where professionals relocated out of state and kept their homes on the market for over a year. Determine the timeframe you need to sell your property and how long you're willing to continue making multiple payments, including mortgage and insurance.
Find a solid real estate agent BEFORE you start packing boxes.
It's important to find a reliable real estate agent before you begin the process of packing up your belongings, as delaying this step can result in unnecessary expenses. Alternatively, if you don't want to involve a real estate agent in selling your property, you can contact us, a trusted local house buyer, and we can provide you with a quick and equitable all-cash offer.
Determine the worth of selling your house quickly as opposed to holding out for an ideal price.
When selling a house, it's important to calculate the costs of holding onto the property, including mortgage payments, taxes, insurance, and maintenance. If it takes several months to sell the house through a real estate agent, the holding costs and agent fees can add up to a significant amount. For example, if you sell a house for $200,000 after 7 months, you may have lost up to $30,000 in total costs. However, selling the house quickly for a slightly lower price can help you avoid these costs and come out ahead.
Make a decision and take action, whether you choose to work with a reputable local real estate agent or sell your house to us without paying agent commissions. If you have a unique and exceptional property, you may try testing the market with a high price, but for average properties, pricing at the highest point may not yield the most profit. You could also consider marketing your property for rent and sale simultaneously to see which option works out first, but be sure to stay in control of the process. In some cases, we may partner with property owners to secure lease option agreements or renegotiate loans with banks. We are passionate about finding creative solutions to complex problems and helping people achieve their goals.