So you’ve just got a new job, and you need to relocate quickly. You’re looking for a new home while still trying to sell your own.
Relocating can be overwhelming. Will the house sell quickly? What if it sits on the market and ends up costing you more money?
If you don’t know where to start, we’ve got a few suggestions to help you out.
Here Are 5 Ways to Sell Your House Quickly:
1) Hire a Good Real Estate Agent
Getting a real estate agent who is familiar with the current Dallas market and has a record of quickly selling houses is a smart option. A good agent will know what your home is worth and the competition you’ll face. They’ll take care of the logistics, such as supervising any necessary repairs for your house and networking with potential buyers.
2) Set the Right Price
If you are planning to purchase a new house, you’ll probably need the money gained from your home’s sale, which means you’re playing a game of timing and pricing. When you find your perfect home, you don’t want to wait in the hopes your old house sells in time. If you want to sell your house in a hurry, you may want to set a slightly lower price than the competition. With your realtor, set a price that fits your money and timing needs.
Another issue you can run into is selling your house but not having a home ready to move into yet. Setting up a “rent back” may be a solution for both you and your home’s buyer.
3) Rent Out Your House
Maybe you’ve already bought your new house and are moving in, but you’d prefer to make a better profit than rush to sell your home at a lower price. Consider renting it out, which gives you a monthly income instead of just an empty house for which you still have to pay a mortgage and taxes. You can rent until you feel the time is right to sell. You may even decide to rent it out indefinitely. Another idea is turning your house into an Airbnb.
However, renting comes some other complications. You’ll have to decide for yourself if becoming a landlord is right for you.
4) Short Sale
If you find yourself under a time constraint to sell and owe money on your house, a short sale may be a final resort. In a short sale, you and your lender agree to sell your home at a substantially reduced price to ensure a quick sale. However, you will still probably be responsible for any money owed after the sale, depending on your agreement with the lender. A short sale may also negatively impact your credit score.
5) Quick and Easy Sell to an Investor
Another option is selling your house to an investor who will take it off your hands in its current condition and immediately takes the pressure off of you. You don’t have to go through all the repairs, hire a realtor, or wait for potential buyers.
A quick sell is one of the fastest ways to sell your house. Even after closing the deal, they may let you stay in the place for a short period so you can finish all your last-minute packing.