Living in a new location means finding new opportunities and connections. As you work closer to your goals, you’ll have to continuously step out of your comfort zone. Relocation is one of the biggest life challenges in one’s life.
Before moving into your new residence, you must tackle the last obstacle in your previous environment–selling your home as quickly and seamlessly as possible.
Selling My Home For Relocation: What Are My Options?
Excited about your relocation but worried about keeping your property unoccupied for too long? Don’t fret as there are various paths that you can take to sell a house fast, depending on your home’s condition, time, convenience, and efforts.
The average time to sell a house in the United States is 25 days. While this may seem quick and promising, it may be disadvantageous for someone who’s going to be busy during relocation. Taking other factors into account, like market conditions, pricing, property condition, and economic indicators, your property may even take more than a month to be sold.
Now, with these circumstances, here are your three home-selling options:
- Option #1: Hire a real estate agent
- Option #2: Sell the property yourself
- Option #3: Sell to an investor
Option #2 automatically puts you at a disadvantage since you’ll need plenty of time in the relocation, it may not be best to handle the home sale all by yourself.
Meanwhile, option #1 sounds appealing only if you’re willing to pay commission to your agent and you’re not in a hurry to sell your home. This is because real estate agents take their time negotiating and closing the best deal to your advantage.
To assist you further on your relocation, check out these five tips for a smooth home sale:
- Ensure Your New Location Is Settled First
Relocations always have a purpose. Whether it may be for a new job or an academic opportunity, you’ll need ample time to adjust to your new surroundings. As obvious as this may sound, many people who relocate still forget this–you should guarantee that you’re settled in your new location first before planning to sell your home.
Most employers offer job relocation assistance, but many individuals don’t open it to their imminent company. Thus, prepare yourself for negotiation with your employer and start asking the type of relocation assistance you’ll get–full reimbursement, partial reimbursement, or lump sum payment. You should aim for full reimbursement.
With this relocation assistance package, your new company may cover the following costs:
- Temporary housing or rentals
- Professional mover costs
- Travel costs
- Storage
- Costs associated with buying a new home and selling your old one
- Sell Your Home As-Is Without A Realtor
With more accessible, secure, and popular methods to sell your property, home-selling options have significantly evolved in the past years. Today, you can choose to sell your home in its current condition to investors or We Buy Houses companies, eliminating the need to renovate and repair your home for it to appeal to potential homebuyers.
Selling a property to investors is perfect for property owners in a time crunch and doesn’t prefer experiencing stress and hassle from the sale. Also, these investors can satisfy your desired payment method, either sent through your bank or paid in cash, all under 24 hours.
However, the marketplace is a breeding ground for scammers. To avoid getting into a potentially fraudulent transaction, take a look at these tips that are applicable for both people buying and selling a house.
- Hire An Agent Known For Speedy Transactions
Real estate agents offer the most peace of mind out of your home-selling options. If you’re not confident putting up the property for sale alone or selling it to real estate investors and home buying companies, you can still hire a real estate agent to handle the transaction, particularly an agent with a reputation for speedy service fulfillment.
As real estate agents are seasoned for valuable negotiations, they have a better capacity to score the best deals. To find an agent within your means, you can search up real estate agent profiles on listing agencies and websites.
If possible, look for an agent that ticks the following qualities:
- A top, credible agent with excellent scores
- Has a record of selling homes fast
- Has a vast network to bring in many homebuyers
- Can save you as much time and money as possible, though unlikely
Because of these tight requirements, be prepared to shell out more on the agent’s commission. Moreover, the recipe for a fast and smooth home sale typically involves repairing potential objections that’ll deter homebuyers, renovate your home to add function and value, and stage the property for enhanced appeal.
- Negotiate The Best Deal
If you’re on your own hands, without a real estate agent or an investor, you’ll have no choice but to do the negotiations yourself. Since you have zero experience in negotiating real estate properties, research will be your best friend. An excellent place to start is to look at the real estate market in your location and analyze other listed properties.
While this may not be the best path, here are some negotiating tips to keep your home selling journey still noteworthy:
- Prepare a plan A, B, C, and so on
- Know when to walk away when the offer is too low
- Be straightforward on your thoughts during the negotiation
- If you don’t like the buyer’s offer, you may counteract it with your own
- Stick to your listed price
- Perform A Thorough Cleaning
Last but not least, take your belongings and prep the property for its new owner. Comprehensive cleaning is always a must when moving out.
First, focus on the clutter in your home as these tend to hide or disrupt your property’s beautiful features. It’s also important to clean the house so you’ll be able to eliminate dirt and grime that have accumulated during your occupancy.
Depending on your home’s size and condition, a home cleaning usually takes two to three days to finish. If you can’t squeeze them into your tight schedule, you can never go wrong hiring the cleaning pros.
Takeaways
Time and availability are your biggest enemies during a relocation. As much as you’re looking forward to your relocation, you can’t simply leave your previous home behind. After all, you’ll gain from selling your home in its right value and have the peace of mind to resume your relocation.
To make the most returns from selling your home and ensure a seamless process, consider the helpful tips discussed in this article.