Relocation can be quite an ordeal because it needs ample planning. Apart from thinking about your arrangements when you move into your new home, you’ll also have to think about what to do with the things you’ll leave behind, including your old house.
And what happens when your boss or your family needs you to relocate, for example, in less than a week? That can get really crazy! But if you get the proper guidance, relocating that fast will be possible without too much stress.
So here are a few tips to get you started!
Don’t Agonize, But Organize
The first step here is to create a list of things to do before executing anything. This will help you get a bird’s eye view as you go along the relocation process. To guide with your list, here are a few questions to ask yourself:
- When is my target move-out date?
- What things will I bring and what things will I leave behind?
- How am I going to transport my things?
- Do I have outstanding payables for this house (like utilities and mortgage?)
- Am I open to renting the house? Or do I want to take it off my hands and just sell it?
- Who do I have to contact during the process? (e.g., real estate agent, moving company, temporary caretaker/property manager, etc.)
- How much money do I have right now?
- How much money will I need to fully relocate?
- When will I have the time per day to do relocation-related tasks?
Find Out How Much Your House Is Worth
The best way to know how much your house is currently worth is by having it appraised. An appraiser will visit your house and calculate its market value based on your home’s physical condition and the market situation in your area. However, not everyone has the luxury of time and money to wait and pay for an appraiser.
People can spend between $312 – $407 for house appraisal. If you think it will be better for you to just allocate this amount to your relocation expenses, you can also do your own research to estimate your home’s worth. You can either check the prices of recently sold homes in your area, or use the Zestimate online tool. Nevertheless, regardless of whether you had your house appraised or not, it’s still you who’s going to decide the final selling price.
Determine How Fast You Need to Sell Your House
When are you moving out and how long can you maintain your house without occupants? Remember that if you move out and the house remains under your name, your bills will keep coming (mortgage, taxes, property insurance, etc.). In other areas, we’ve seen professionals move out from the state for work, list their house on the market for over a year before selling it, and got a much lower price than what they initially hoped for.
To give you another example, let’s say you want to sell your house for $200,000. Your mortgage payment is $1,200/month, total taxes are $200/month, insurance payment is $100/month, and maintenance expenses are $100/month. These expenses add up to $1,600/month. If it takes you seven months to sell that house through a real estate agent, the holding costs and commission fee (assuming a 3% charge) will sum up to $23,200. And this doesn’t 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 seven months, and more!
So the question is, can you afford to take that risk? If yes, then great! You may even be able to sell your house with higher equity! If not, take a look at the next option below.
Sell to a Professional Home Buyer
If you are on a run to sell your house immediately, you can sell to an investor buyer who can buy your Lawrenceville house for cash. This is considered as off-market selling. Investor buyers are people or companies who purchase real estate in the hopes of renovating it and selling it after. You won’t have to go through the extra hassle of listing your house on the market, hiring a real estate agent to assist you with the closing, and making your house look decent for potential buyers.
Investor buyers or professional home buyers like us at Spire can buy your house as-is, for cash! You can even leave the things that you don’t want anymore and we’ll take care of them for you! The only thing that makes us different is that we can discuss with you your options before we resort to buying your house. We greatly understand that a home is not just something that you could easily give away, especially when you’ve built so many memories in it.
So give us a call at (678) 318-1801 and let’s see how we can help you transition smoothly to your new life!