A job relocation may come suddenly or maybe with some advanced notice, but one thing is for sure if you do not have a plan in place for selling your house due to job relocation then you might find yourself in a tight spot. Selling a house is not an easy task, and when you factor in the added pressure of a time crunch it can be downright daunting. Do not worry though, we are here to help! Below we will outline what you need to do in order to sell your house quickly and efficiently when faced with a job relocation.
Job Relocation Assistance From Your Employer
First and foremost, if you have the option to do so, try and get assistance from your employer in terms of relocation. Many companies now offer some form of relocation assistance, which can include anything from covering moving expenses to providing temporary housing. If you are able to take advantage of any assistance your company offers it will definitely make the process of selling your house for a job much easier.
Ask your employer if they will offer to assist you as you move to your new location. Here are some things you can ask assistance on:
- Professional moving company
- Relocation company
- Transporting personal belongings to new primary residence
- General transportation costs
Moving to a new city for a new job whether it be your dream job or not can be a big task.
If you are not able to get assistance from your employer or if you simply want additional help in selling your house or are even considering being a long-distance landlord then the following options may help guide your decision.
Options For Selling Your House When You Have A Job Relocation
1. Hire A Real Estate Agent
Hiring a real estate agent will be a good option to consider if you have time to sell your house before you move to your new location. Real estate agents have the experience and know-how to list your house, market it, and negotiate offers. They will also take care of all of the paperwork for you. Keep in mind though, that if your property is not completely up to the standards of the current year, meaning maybe your kitchens and bathrooms are outdated, you may need to do some home improvement.
Typically, when selling a house on the local real estate market, you can expect prospective buyers to expect the latest trends in home renovation. A real estate agent can help you run a comparative market analysis so you can see what comparable homes in the area are selling for.
2. Sell Your House Directly To A Real Estate Investor
If you do not have time to go through the traditional selling process then selling your house directly to a cash buyer might be a better option for you. There are many companies out there such as Millennial Home Solutions who buy houses faster than the traditional way, so you can sell quickly and without any hassles. You could even save money since a real estate investor will typically offer to pay for the closing costs on the real estate transaction. You won’t have to worry about any home inspections or making repairs when you sell your house to a professional house-buying team.
3. Become A Long-Distance Landlord
Now, so far we have talked about options to take to sell your house due to job relocation but we did want to bring up a third option of keeping it and turning it into a rental home instead.
There are benefits to this option as you are living in a new city as you work for your new employer in that you will have a way to generate income from your current house and bypass having to pay taxes on the sale of the home.
However, if you are not prepared to become a landlord there might be some headaches that go along with this option as well. You may need to hire a property manager and have money saved up for a few months in the case that there are vacancies. Being stuck with two mortgages if your old home isn’t fully paid for, will be something to be well prepared for.
Moving to a new city for a new job can be both exciting and stressful. Sell the house quickly or keep it as a rental. Both routes are viable options when you’re faced with a job relocation. If you are leaning towards selling the house then let our team help you make a decision. We can help if you are looking to sell the house fast or if you rather list it we have real estate agents that can assist. Give us a call or fill out the form today for more information!