Having to relocate and sell your house at the same time could cause the best of us to break out in hives. It’s a lot of work to manage. A job relocation is task in and of itself; having to move the family, find new schools, meet new people, find a new home, and the list goes on.
To make the process as easy as possible we’ve created a 7-step job relocation checklist for you to follow to help keep you sane and organized.
First, Don’t Agonize – Organize.
You don’t want to be in a situation where you end up paying to own and maintain a vacant house for 2 years. That gets expensive and it doesn’t have to be that way.
Although the real estate market is relatively stable right now, things can change in the blink of an eye. We’ve heard some serious horror stories over the past couple of decades. Unless you’re filthy rich, you probably can’t afford to wait it out.
Relocating Options And Steps
2-Find out what your house is worth
To do this you can contact a reputable real estate agent or connect with us and we can give you a no cost no obligation valuation on your property. Once you know what the house may be able to sell for in the current market… that sets the basis for how long you may or may not be able / willing to sell the house. We are house experts in Salt Lake, Davis and Utah Counties.
3- Decide how fast you need to sell your house after you relocate:
This is a biggie. I’ve seen professionals who moved out of state for a job who had their house on the market for over a year before selling it for a much much lower price than they hoped. Decide how fast you need to sell your house… and how long you’re willing to keep making 2 mortgage payments, insurance payments, etc.
4- Find a solid real estate agent before you start packing boxes:
Get the ball rolling early so you don’t waste any time. Every month that you wait or every month that it takes to sell the house… costs you money. Or if you don’t want to use a real estate agent to sell… we are a reputable local house buyer and we’d love to make you a fast-fair all cash offer.
5- Calculate the value of selling your house fast vs. “waiting it out” for a dream price:
We all want to sell our houses for as much as possible. But one thing many people forget to do is come up with the $ amount of how much it costs you to hold onto this house. The costs involved include the mortgage (which if you’re still within the first 10 years of the mortgage, the majority of your payment interest and not hardly going to principal at all), insurance, taxes, maintenance, etc. Lets say you want to sell your house for $390,000… and your mortgage payment is $1,500/mo, taxes $200/mo, $100/mo for insurance, and $100/mo for maintenance (lawn maintenance, repairs while you’re gone, etc.).
Those expenses add up to $1,900/mo, in “non equity building” expenses. If it takes you 7 months to sell that house through a real estate agent for that $390,000… it cost you $13,300 in DIRECT “holding costs”, you had to pay $23,400 in real estate agent (assuming 3% for the buyers agent and 3% for the sellers agent). Totaling $36,700 in LOST money. That doesn’t even account for the value of your time, your stress in thinking about that property sitting on the market, the opportunity cost of what you could have been doing with that extra money during those 7 months, etc. So the real cost to you was likely closer to $42,000.But, what if you were to sell your house next week and avoid all of that? Even if you sold for a discount below the retail price (lets say… $350,000)… you’re still ahead of the game by selling the house NOW at a discount to a home buyer like our company vs. 7 months later at full price (and paying holding costs and real estate agent fees). Make sense?
6- Take the right action for you
Whatever you decide… decide and take action. If you want to go the real estate agent route, great! Find a reputable local agent. If you’d rather not have to wait and not have to pay real estate agent commissions… then a viable option may be to sell your house to us!
7- Possible Solutions and Strategies from Gary Parker
If you’ve got a lot of time on your side and a really great property, you might want to test the market by offering it out at a high price. There’s a small chance someone might just fall in love and be willing to overpay – people do crazy things for love.
Most properties are pretty average, in reality. They tend to be like the other houses around them, in the same way that people who live near each other tend to have a lot in common too. So unless your property is truly exceptional, as in magazine-quality extra-special, you won’t capture the most money in the market by pricing at the highest point.
You can also win by marketing your property for rent and sale at the same time, just to see what happens first. You have to maintain control of the process, which can confuse even seasoned real estate brokers.
In certain situations, we may partner with property owners to help secure lease option agreements where highly qualified purchasers rent the property for an agreed time before buying.
In other cases, we may help renegotiate a loan, help make monthly payments or conduct a short sale with a bank.
We love helping people solve complicated problems.
Creative solutions can bridge the gap to get you where you need to be.
How GaryBuysHouses Can Help You
We’re LOCAL Utah house buyers. We support our families and beautify neighborhoods by buying houses from Salt Lake City home owners who need to sell fast for one reason or another. We buy houses from Salt Lake City and Rose Park in the North to West Valley City and Sandy and Midvale in the South part of salt Lake County. We solve problems. We work with you to figure out the best way to sell your house fast. We can purchase your house or offer professional real estate services. Probate or inherited, needs a lot of repairs, lots of stuff in the house you don’t want to dispose of, tenants or family members in the house,…it doesn’t matter. We buy any house.
The types of sellers who tend to work with us include people who…
- Need to sell fast (we can close in as little as 2 days if you need us to)
- Close and get money now…move later!
- Don’t want to hassle with listing a property with an agent
- Don’t want to pay real estate agent fees
- Can’t sell their house for one reason or another (we buy houses in as-is condition)
- … or a variety of other reasons
But we’re passionate people, and we believe in the our community.
We’re honest and straightforward.
We’ll quote you a fair price, and we can close fast with cash.
If you’re prepared to wait and can hire professionals to help, you can manage the sale of your property from a distance. In certain circumstances that risk can pay off.
We ❤️ your questions so please call or text Gary at 801-382-9199
or use the form 👇 for email.