Selling your home is always a stressful prospect, but it can be more difficult to sell your home when relocating because there is a time crunch on the situation. Most people cannot afford to buy a new home until they have the equity of their old home, so selling your home has to be done in even steps for a relocation. If your boss or family puts a time limit on the move the stress increases. Here are a few steps to help streamline the process.
What is Your House Worth?
Before doing anything, you need to find out what your house is worth. You also need to look at your mortgage to see what you owe. These figures are vital in figuring out how long you can afford to go. When you need to sell quickly you need to be willing to cut a deal. However, the deal needs to be reasonable so that you retain some equity. This is even more important if you plan to buy a new home.
What is the Time Limit to Sell Your Home When Relocating?
Next, you need to look at the exact time frame you need to sell your home when relocating. This determines how attractive your deal needs to be. It also determines how much time you have to make any necessary repairs to increase the asking price.
Get a Real Estate Agent Before Making Any Moves
You probably don’t know the local market, but a real estate agent does. Before making any rash decisions talk to a real estate agent to get a ballpark figure. They know how the market is performing and can help you get a reasonable estimate on pricing. They also can give you a reasonable time frame to expect a sale to occur.
The Value of Selling Your Home Fast When Relocating
While everyone wants to wait it out to get the maximum asking price, that can be a long process. Now with the COVID-19 crisis, it may mean waiting years. Most sellers accept that they will get below the asking price during the negotiation stages. If you need to sell quickly, there may be more value in a timely transaction then a dream transaction. If you need to sell fast, request a cash offer from Need To Sell My House to find out how much you could get today.