A new job can bring about major changes, including having to relocate to a new city or even a new state altogether. In such a scenario, the ideal option for your home would be to sell and move.
Selling your house while trying to put other aspects of your personal life in order for your impending relocation can be a hassle. Given that this is a major transaction, how do you go about selling a house for a job relocation?
Should You Consider Being a Long-Distance Landlord?
Renting out your house can seem like a much easier alternative than selling because it’s an easier process and can be completed in no time. This could seem like an appealing option. However, before concluding, consider the following:
Ongoing Financial Responsibilities
Keeping the house implies continuous payment of property tax, mortgage interest, repair costs for deduction purposes, depreciation, and the standard costs needed to maintain the house.
In addition, you would suddenly have to begin to learn how to be a landlord. With work and every other thing going on, you may become overwhelmed in no time.
Dealing With Tenants
It goes without saying that bad tenants can be a nightmarish situation. Certain tenants cause so much damage — both minor and major that could leave with a repair bill running into hundreds or thousands.
Summarily, you really don’t want to take any chances, especially since you would likely be working on a tight timeline to relocate. So, you wouldn’t be able to vet properly.
Logistics
Since you won’t be physically present, you’d likely have to resort to hiring a property management service. However, this doesn’t imply that there won’t be any issues. You may end up with a manager who slacks on their duties and doesn’t communicate properly.
Usually, the issue is with the possibilities that could occur when you’re not on hand to do things yourself. This is why the advisable option is always to sell. You save yourself all these hassles and have peace of mind.
What Are Your Selling Options?
When you’re relocating for a new job, there are two major selling options that you can explore.
- A traditional sale
- Sell as-is
Traditional Sale
If you’re going to explore the traditional sale route, then you must be ready for everything that goes into the selling process. Here are some of the various stages/elements you would have to factor in.
Work On Curb Appeal
The first area that potential buyers would come in contact with is the outdoors. First impressions are critical because they can determine how these buyers view your home. If the outdoors is well kept, it’s an indication of how the indoors is being treated — this is how most buyers view it.
Boosting curb appeal doesn’t require too much. Ensure your landscape is properly kept, apply a fresh coat of paint to the outdoors if necessary, clean the gutters, clear moss and leaves off your roof, and fix any broken windows. These are basics that would put you in better standing with potential buyers.
Clean and Declutter
This might sound pretty basic, and you may be tempted to skip this process. However, it plays a role in either tacking on or taking away from your home value. A proper cleaning job can raise your home value by up to $2,000 and decluttering around $2,500.
Decluttering gives buyers a pretty clear image of the spaces within the house. It also helps them properly envision what it could be like to live in the home. So, don’t skimp on this.
Fix Any Mechanical Issues
A home inspection would reveal any areas or fixtures that could constitute a health or safety risk. This could impede your home sale. So, if you can afford it, go ahead and fix it.
In certain cases, you may not be able to afford the repairs, so you could consider adjusting your list price or offering seller credit for repairs. Provided the repairs are not significant, like a roof issue, you would likely find interested buyers.
Price Reasonably
It’s vital to set a reasonable price for your home when listing. This reduces the chances of it remaining on the market longer than it should be. You can determine your home value using a comparative market analysis. This concept examines similar houses in your area that sold recently to determine a good price for your property.
Sell As-Is
Selling as-is is usually the more convenient option, especially since you’re likely on a tight timeline when relocating. A survey shows that 41.5% of respondents had only zero to thirty days to relocate and settle in before resuming their new jobs.
No doubt you want to sell before packing up finally because handling a long-distance sale is definitely not what you want to deal with. Therefore, you may not have the time to handle repairs and the other steps that a traditional sale requires.
You likely also need to access the cash as soon as possible, especially if you’re going to be making major expenses in your new location. So, selling as-is to a local cash buyer is definitely one you should consider.
You get to skip repairs, staging, and decluttering, and you can close in as little as seven days.
Who’s going to buy? We can help out with that! We buy houses that need serious repairs or are in various other conditions. At dsouzahomebuyers, we can provide you with a cash offer for your house in no time!
You don’t have to deal with any of this hassle. No need for repairs or renovations!
Fill out this form to get the process started, and we could be closing in as few as 7 days! Remember, no fees, no commissions, no closing costs!
If you have any other questions, definitely call us at (925) 503 8193.
Final Thoughts
Relocating for a job usually leaves such a small timeframe to get your affairs in order. So, for a major activity like selling your home, you want to wrap that up as fast as possible before moving. Selling as-is to a cash buyer helps you skip the extended sale process and assess cash quickly.
