More than 25 million Americans moved homes last year, which shows how many of us must figure out the best way to sell our property.
Weighing your options is key to maximizing your profit and having a seamless selling process. But if this is your first rodeo, it can feel overwhelming knowing which options you have available.
If you’re in this situation, you’ve come to the right place. Here’s everything to know about creating a job relocation plan.
Determine Your Home’s Current Value
Before selling your house for job relocation, figure out what your home is currently worth.
Note that this step is crucial, as it shows what you’re working with and what to expect during the process. Make sure you get an accurate assessment by hiring a real estate agent who will factor in the property’s size, location, and additional amenities that may boost the price. Even if you sell to a cash buyer, it’s good to have a rough idea of what your property is worth.
Understand the Current Real Estate Market
During your meeting with a real estate agent, ask how the current market is.
The type will determine how fast your property sells and how much of a profit you’ll enjoy. For instance, if it’s a seller’s market, homes sell quickly because there is more competition and you’ll likely get a better price for your property.
On the flip side, during a buyer’s market, there are too many properties, so they hold the power. This means you should expect negotiations and a longer time to sell your home.
Understanding the current real estate market will give you an idea of what to expect and help you decide how to sell your house. For instance, if you’re in a buyer’s market, it’s easier to find a cash buyer instead.
Plan Your Temporary Housing Options
Many homeowners plan to sell a house fast, so working out your temporary housing options is essential.
Research home values in your target city or county. If not, you may be blindsided or realize that you don’t have a sufficient budget. Before buying a new property, you may prefer a short-term lease, as it lets you scope the area and find a neighborhood that suits your lifestyle.
Look into Job Relocation Package Options
A majority of companies offer employees support during their move. In fact, many staff members benefit from a job relocation package, so they needn’t suffer a financial burden. These deals often include temporary housing, moving services, and, in some cases, a down payment towards your new property.
It’s important to note that there are often tax implications with a job relocation package. Areas, such as transportation costs, can be tax deductible, but make sure you work out the nitty gritty so that it doesn’t impact your current financial situation. If you’re unsure, ask your employer for a breakdown of the taxes.
Get a Pre-Listing Inspection
An important part of the selling process is getting a pre-listing inspection.
Hiring an inspector decreases the chances of offers falling through and, if it goes in your favor, you could even leverage it as a selling point. For instance, you may have recently replaced the HVAC system, which will boost the value of your property. Also, showing that you’ve had an inspection lets potential buyers know that you’re honest and could work as a selling point.
Although it’s not necessary to make repairs, it’s wise to tackle small ones so that it doesn’t compromise the final price.
Provide Survey and Floorplan Information
When you sell a house as is, it’s wise to give potential buyers enough information, such as the property survey and floor plan.
These useful documents give investors more information so that they can see how your property has potential. For example, a buyer may be searching for a rental property and may want a floorplan that appeals to a specific type of tenant.
Upload Professional Photos
Like with any property listing, photos have the power to generate a buzz. Hire a professional photographer to snap high-quality images of your home so that prospective buyers know what to expect. Make sure that you’ve decluttered every room and show each one in the best light so that you garner interest.
If you want to close a deal quickly, consider posting a video walk-through. This nifty technology will give prospects a better idea of the property and whether it aligns with their lifestyle.
Boost Curb Appeal
Around 57% of sellers say that a great exterior improves the property’s value by at least $20,000, highlighting the importance of curb appeal.
The beauty of curb appeal is that it can be anything from mowing the lawn to repainting the front door. You needn’t spend a fortune on improving your home’s appearance; it only needs a quick spruce.
Consider a Cash Offer
Homeowners who want to sell their property promptly should only consider cash offers.
Unlike traditional sales, you needn’t worry about the buyer finding a lender or potentially dropping out last minute. Because you’re relocating for your job, you want to speed up the process so that you can find a new home and move forward.
Another bonus of choosing a cash buyer is that it minimizes the stress and uncertainties of a traditional house sale.
If you’re unsure where to find one, know that the majority of cash buyers are either investors, flippers, or companies. Once you’ve received an offer, it’s important to check the price and ensure that it aligns with your budget.
Create Your Job Relocation Plan Today
Now you know the ins and outs of a job relocation plan, it’s time to get started.
At First Choice Homebuyers, we can promise a fast, stress-free selling process so that you can focus on your future. With over 20 years of experience, we understand what homeowners need and how to sell their properties fast.
If you’re ready to sell your house for cash, we’d love to hear from you. Reach out to us and chat with a member of our team.