When I move, should I sell my house? A promotion you’ve been dreaming of has been offered to you: you’ve just been offered an amazing opportunity in your career. But there’s just one catch: you have to move.
Time is of the essence, and you need to settle as soon as possible. It can be difficult if you’re already a homeowner.
Now here is the big question, are you planning to list your home on the open market and hope it sells quickly? Or do you stay in a short-term rental in an unfamiliar city while you sell your home? Wouldn’t it be great if you could contact a Cash investor?
Before deciding, consider a few factors before making your final choice.
The process of relocation requires a great deal of coordination. Many local New York homeowners contact us or submit their house information on this website every week, saying “I’m relocating and need to sell my house in New York“. In most cases, we’re able to help those sellers sell their house quickly (because we’re actively buying houses in New York right now!).
It is stressful to move – there are so many details to remember, while you are also focusing on whatever is driving you – a new job or a sick relative are sometimes the drivers, but the real catalyst is always a drastic change.
There’s an insane amount of details to keep together, plus the stress of whatever is making you move in the first place – often it’s a new job or a sick relative, but the true need to move always comes with a dramatic change.
What are the Potential downsides:
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Fees for managing your property can quickly consume your rental profits, and it’s challenging to manage it on your own.
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You’ll still be responsible for property taxes, HOA dues, and homeowner’s insurance.
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Maintaining the home: You’ll be responsible for repairs and maintenance from afar, which can be stressful and costly.
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If you are carrying two mortgages, you will want to sell your home as soon as possible to save money every month.
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The sale of your current home may take longer than expected depending on the housing market you’re leaving behind.
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You may have to lower your budget if your equity is tied up in an unsold home, since you won’t be able to use it for a down payment.
So how do you make the most out of a difficult situation?
Organize, don’t agonize.
The last thing you want is to end up paying to maintain and own a vacant house for two years. The cost of that gets outrageous, and it doesn’t have to be that way.
While the market in New York is relatively stable at the moment, anything can happen at any time. Over the past few decades, there have been some serious horror stories. There’s no point in waiting it out unless you’re rich.
In the case of relocating and needing to sell your New York house quickly, how can you make the right choice?
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 market is relatively stable right now in New York, 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.
So how do you make the right choices when you’re relocating and need to sell your New York house fast?
If you are relocating and need to sell your property fast in New York, here are some options and steps to take.
First…
- Find out what your house is worth:You can find out how much your house is worth by speaking with a reputable real estate agent or connecting with us. We can provide a no-cost, no-obligation valuation on your home. If you know what the house could sell for in the current market, that will help you set a timeframe for when you may or may not be able to sell.
- Make sure you find a strong agent BEFORE you start packing: Don’t waste time. It costs you money every month that you wait or that it takes to sell the house. You may also sell your house without an agent by contacting us. We are a reputable local house buyer and would love to make you an all-cash offer as soon as possible. To get started, just fill out this form >>
- If you decide to relocate, you will need to sell your house as soon as possible: It is a major undertaking. It has been my experience that professionals moving out of state for a job have to spend over a year on the market before they can sell for a much lower price than what they were expecting. Make a decision on how soon you want your house sold… and what payment schedule you’re willing to maintain.
- Consider the benefits of selling your house fast instead of waiting for a dream price: We all want our houses to sell for as much as possible. However, many people forget to compute the cost of holding onto the house in dollars. In addition to the mortgage, property taxes,You might want to test the market by offering out your property at a high price if you have a lot of time on your hands. There is a small chance someone might just fall in love and be willing to overpay for it – people do crazy things for love.Realistically, most properties are pretty average. Houses tend to share a lot of similarities with those around them, just like people who live nearby tend to have a lot in common. Property that is truly exceptional, such as a magazine-quality extra-special, will capture the most money on the market.Also, you can sell and rent your rental property at the same time to see what happens first. Real estate brokers, even those with years of experience, can be confused by the process.
It is possible that we may partner with property owners to help secure lease option agreements where qualified buyers rent the property for a period of time prior to purchasing it.
Other services we offer include renegotiating loans, assisting with monthly payments, or assisting with short sales.It’s our pleasure to assist people in solving complex problems.Solutions that bridge the gap can get you where you need to go.
- Take action!: Whatever you decide… decide and take action. If you want to go the real estate agent route, great! Find a reputable local New York 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 🙂
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.
We’re local investors. By purchasing homes from New York homeowners who need to sell quick, we support our families and contribute to the beautification of our neighborhoods.
Our typical sellers include people who…
- If you need to sell quickly (we can close in as little as 14 days)
- Want to avoid the hassle of listing a property with an agent
- Want to avoid paying real estate agent fees
- Having trouble selling their house for any number of reasons (we buy as-is houses)
- … or for any number of other reasons
But we’re passionate people, and we believe in the New York 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’re happy to help you find answers to your toughest questions about your New York real estate, so please feel free to call us at (516)-650-2114 and chat with us anytime.