Relocating can be a challenging task that requires exceptional coordination. We receive calls and website submissions regularly from local homeowners in New England who say, “I’m relocating and need to sell my house in New England.” Fortunately, we can help many of these sellers sell their homes quickly as we’re currently buying properties in New England, New England.
There are numerous details to keep track of during a relocation, and the stress of the move can be compounded by the reason for the move, which is often a new job or a sick relative. Nonetheless, relocating always involves significant change.
So how do you make the most out of a difficult situation?
Don’t Agonize – Organize.
Ensuring that you do not have to bear the costs of owning and maintaining an unoccupied house for an extended period, especially two years, is of utmost importance. Such a situation can prove to be financially draining and can be avoided by taking the necessary steps.
Although the current real estate market in New England may appear stable, it is essential to remember that circumstances can change abruptly. In the past few decades, there have been horror stories of people who have had to hold onto their properties for extended periods, and waiting it out may not always be a feasible option, especially if you are not incredibly wealthy.
Therefore, when faced with the need to sell your New England home quickly due to relocation, it is crucial to make the right decisions. These decisions may include finding a reputable real estate agent with a proven track record of selling properties quickly and efficiently, pricing your property competitively, and making necessary repairs and improvements to enhance its marketability.
Additionally, it may be beneficial to consider alternative options such as selling to a real estate investor, who can close the sale quickly and offer cash payment, or renting out the property if selling is not feasible. By making informed and timely decisions, you can avoid the potential pitfalls associated with owning an unoccupied property and ensure a smooth and stress-free relocation process.
Relocating And Need To Sell My House Fast In New England… Your Options And Steps
First…
- Find out what your house is worth: To get an idea of what your property may be worth in the current market, you can either reach out to a trustworthy real estate agent or get in touch with us for a free, no-obligation valuation. Having an understanding of your property’s potential selling price will provide the foundation for determining your willingness and ability to sell the house within a certain timeframe.
- Decide how fast you need to sell your house after you relocate: Selling a house can be a lengthy and unpredictable process, as some professionals who have relocated out of state for a job have experienced. In order to minimize the financial burden of holding onto the property while it’s on the market, it’s important to determine how quickly you need to sell and how long you’re willing and able to continue making mortgage and insurance payments. This will help you set realistic expectations and make informed decisions about pricing and timing when selling your house.
- Find a solid real estate agent BEFORE you start packing boxes: Get the ball rolling early so you don’t waste any time. Every month that you wait or every month that it takes to sell the house… costs you money. Or if you don’t want to use a real estate agent to sell… we are a reputable local house buyer and we’d love to make you a fast-fair all cash offer. Just fill out the form through this link to get started >>
- Calculate the value of selling your house fast vs. “waiting it out” for a dream price: We all want to sell our houses for as much as possible. But one thing many people forget to do is come up with the $ amount of how much it costs you to hold onto this house. The costs involved include the mortgage (which if you’re still within the first 10 years of the mortgage, the majority of your payment interest and not hardly going to principal at all), insurance, taxes, maintenance, etc.Lets say you want to sell your house for $200,000… and your mortgage payment is $1,200/mo, taxes $200/mo, $100/mo for insurance, and $100/mo for maintenance (lawn maintenance, repairs while you’re gone, etc.).Those expenses add up to $1,600/mo in “non equity building” expenses.If it takes you 7 months to sell that house through a real estate agent for that $200,000… it cost you $11,200 in DIRECT “holding costs” + you had to pay $12,000 in real estate agent fees (assuming 3% for the buyers agent and 3% for the sellers agent).Totaling $23,200 in LOST money. That doesn’t even 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 7 months, etc. So the real cost to you was likely closer to $30,000.But, what if you were to sell your house next week and avoid all of that?Even if you sold for a discount below the retail price (lets say… $175,000)… you’re still ahead of the game by selling the house NOW at a discount to a home buyer like our company vs. 7 months later at full price (and paying holding costs and real estate agent fees).Make sense?
- Take action!: It’s important to make a decision and take action when it comes to selling your house. If you decide to work with a real estate agent, make sure to find a reputable local agent in New England, New England. However, if you prefer to sell your house without waiting and without paying real estate agent commissions, selling to us may be a viable option. We can provide you with a fair offer for your property and a hassle-free selling process. Ultimately, the decision to work with an agent or sell directly to us depends on your personal preferences and priorities.
If you have ample time and an exceptional property, you might consider testing the real estate market by listing it at a high price. There is a slight possibility that someone may fall in love with it and be willing to pay more than its market value, as people do crazy things for love.
However, most properties are relatively average and have a lot in common with their surrounding homes. Unless your property is genuinely unique and stands out, pricing it at the highest point won’t necessarily fetch you the highest price in the market.
Another approach is to market your property for both rent and sale simultaneously and see which option yields the best results. However, this strategy can be confusing for even experienced real estate brokers, so it’s crucial to maintain control of the process.
In some cases, we may collaborate with property owners to obtain lease option agreements, allowing highly qualified buyers to rent the property for an agreed-upon time before purchasing it. Alternatively, we may assist in loan renegotiations, making monthly payments, or negotiating short sales with banks.
At our core, we love solving complex real estate problems, and we believe that creative solutions can bridge gaps and get you where you need to be.
Who Is Old Harbor Properties And How Can We Help You If You’re Relocating And Need To Sell In New England?
As investors, our mission is twofold: to support our families and to beautify neighborhoods. We achieve this by purchasing houses from homeowners in New England who need to sell quickly for a variety of reasons. By providing a fast and hassle-free selling process, we aim to alleviate the stress and burden that can come with owning a property that is no longer wanted or needed. In turn, we renovate and beautify the properties we purchase, contributing to the overall improvement and revitalization of local neighborhoods.
The types of sellers who tend to work with us include people who…
- Need to sell fast (we can close in as little as 7 days if you need us to)
- Don’t want to hassle with listing a property with an agent
- Don’t want to pay real estate agent fees
- Can’t sell their house for one reason or another (we buy houses in as-is condition)
- … or a variety of other reasons
But we’re passionate people, and we believe in the New England 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 England real estate, so please feel free to call us at (781) 549-0271 and chat with us anytime.