Do you need to move because of a new job? Or maybe you are being transferred to a new office? No matter your reason, our tips will make the process less stressful! In our latest post, we will provide information to help you sell your house for a job transfer in South Texas area!
Career changes happen. Job transfers happen. Whether you requested it or not, there might be a point in your career when you need to move for work. The idea of picking up and moving can feel stressful and overwhelming, especially if you have a family coming with you. When it’s time to move, you have some options, you can either list it, sell it on your own, or hold on to it. So what are your options?
Listing your South Texas area house can be expensive. Before your property even hits the market, you will need to make minor repairs, professionally clean the house and tend to the landscaping. Your listing might require additional costs depending on the scope of your agent. For example, you might need to hire a photographer and professional stager on your own dime in order to have a competitive listing. You will also need to factor in the agent’s commission and any other fees they will charge at the time of closing. Typically the seller pays for the title policy for the buyer and the survey and the escrow fees. Buyers in the San Antonio area normally use FHA loans. FHA loans allow the buyer to ask the seller for concessions up to 6% of the sale price. It is fairly standard for the seller to give up to 3% in concessions to the buyer. So the cost to sell your house through the retail market will be in the 9-12% of the sales price range.
The time you spend waiting for the closing to occur is costing you as well. Ask any real estate flipper, and they will tell you that the longer you own a house, the more it is costing you. While your house sits on the MLS, you will continue to be responsible for the taxes, insurance, utilities and maintenance costs. If you need to sell within a specific timeframe, you might want to steer clear of getting stuck in a binding listing agreement. The other factor is once you get an offer from a retail buyer, it will take 30-45 days to close depending upon the type of financing. There is a option period for the buyers to inspect the house and ask for repairs and once that time has passed the lender is working on getting the paperwork ready for the loan. It is rare to see a lender close in less than 30 days due to the lending process. So plan on at least 30 days after you get an offer to close. Another house payment to be made.
The Overall Value
Listing works great for some properties and situations. However, for others, it is a complete waste of time and money. After you factor in the costs and the time spent, the amount you receive could actually less than had you sod it directly. Run the numbers for your situation to discover which selling method is right for you!
When you sell directly to Rescue Real Estate Help, there aren’t any costs to worry about. Now remember, not all home buyers are the same. You might encounter fees or closing costs when selling to someone else. At Rescue Real Estate Help, we make you an offer to sell your house free and clear, without any fees.
With a direct sale to Rescue Real Estate Help, you will be able to sell your house in only a few days as opposed to the months you could be waiting with a traditional sale. By selling your house right away, you will be able to recoup the repair costs while quickly and easily moving on with your life.
The Overall Value
A direct sale to Rescue Real Estate Help is quick, painless and stress-free. You will not have to worry about how much you are receiving or when the house will close. You will know both of those things up front, from day one. The final sale price might appear lower than what you are seeing on the MLS, however, after you calculate what you are saving, the difference is often negligible.
What Happens If You Don’t Sell?
Carrying Two Mortgages
If you have one home in South Texas area and another somewhere else, carrying both mortgages can be difficult. It can be difficult to obtain a second mortgage when you already have one on your South Texas area house. Coming up with the additional cash while you are waiting for the first home to sell can be very stressful on you and your family.
Becoming a Reluctant Landlord
If the house doesn’t sell, you can always opt to rent it out. Be forewarned, it can sometimes be a lot more work than it looks like on paper. Finding the right tenants, dealing with repairs, monthly maintenance and evictions can all be overwhelming, especially if you aren’t local to handle it all.