Coordination is integral when you are relocating to a new space and needing to sell your home. When we receive calls or messages about people who are making a jump to a whole new city or state they often have more to consider and navigate then just the sale of their home. The great thing is that we’re able to help a good many of those sellers sell their house quickly (because we’re actively buying houses in Eugene OR right now!).
There can be a dizzying amount of details to keep organized and tasks that must be completed when relocating to a new area. Not to mention the potential stress of whatever is causing the move in the first place – in many instances it’s often a new job or a sick relative, but regardless of the source it can be a dramatic shift to completely relocate where you live.
So how do you make the most out of a potentially difficult situation?
Don’t Agonize – Organize.
First and foremost, you don’t want wind up in a situation where you end up paying a mortgage on two properties while also paying to maintain a vacant house that you are trying to sell (that could end up sitting months or years on the market). That scenario becomes crazy expensive and it simply does not need to be the case.
Although the market is beginning to stabilize more in Eugene, it is important to keep in mind how quickly we’ve seen the housing market take on dramatic shifts and swings in only the last few years. Not to mention what took place over the last couple of decades, unless you’re extremely well off financially, it is worth looking into all of your options when you are on a strict timeline to sell your house.
With that, what steps do you take to make the right choices when you’re relocating and need to sell your Eugene OR house fast?
Relocating And Need To Sell My House Fast In Eugene… Your Options And Steps
For starters…
- Find out what your house is worth: To find this out you can speak with a number of professionals including a trusted real estate agent or a company such as Property Bridge who work with sellers everyday to evaluate what their properties are worth. You can also look online and use filters on real estate websites to see what sold recently in your area that has the same bedrooms, bathrooms, and square footage (it is important to keep in mind that you will also need to keep a close eye on what the condition was of other similar properties. If a nearby house matches your house on paper, but is in much better or worse condition, you’ll need to note that). Once you know what the house could potentially sell for in the current market then that sets the foundation for how long you may need or be willing to wait for yours to also move if it is listed traditionally.
- Decide how fast you need to sell your house after you relocate: This actually may be the most important aspect in the equation. We have witnessed first hand folks that relocated and when listing priced their home for top dollar without taking time into consideration which caused them to not only wait significantly longer than expected to sell their property, but eventually having to do so at a reduced price beyond what they originally thought. Decide how fast you need to sell your house…not only based on the time you need to relocate, but also on how long you are able or willing to spend the money on two mortgages, insurances, utility bills, etc.
- Find a solid real estate agent BEFORE you start packing boxes: Begin the process early. As soon as you know that you are relocating you should be working to find out how to sell your home. Every month that you wait or every extra month that it takes to sell the house once it is listed will cost you financially. If you don’t want to use a real estate agent to sell your home or you want to explore your options beyond attempting to list your property, it’s worth considering calling Property Bridge. We buy homes directly from homeowners and you don’t have to wait or worry about the deal falling through. 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!: Whatever you decide the most important thing to do is act. If you want to go the real estate agent route, that’s great! Find a reputable local Eugene OR agent. If you’d rather not have to wait and not have to pay real estate agent commissions and all of the other costs associated with selling a home (cleaning, staging, photography, marketing, etc.)… then a viable option may be to sell your house to us at Property Bridge.
If you’ve got a lot of time on your side and a really great property, you might want to test the market by offering it out at a high price. There’s a small chance someone might just fall in love and be willing to overpay – people do crazy things for love.
Most properties are pretty average, in reality. They tend to be like the other houses around them, in the same way that people who live near each other tend to have a lot in common too. So unless your property is truly exceptional, as in magazine-quality extra-special, you won’t capture the most money in the market by pricing at the highest point.
You can also win by marketing your property for rent and sale at the same time, just to see what happens first. You have to maintain control of the process, which can confuse even seasoned real estate brokers.
In certain situations, we may partner with property owners to help secure lease option agreements where highly qualified purchasers rent the property for an agreed time before buying.
In other cases, we may help renegotiate a loan, help make monthly payments or conduct a short sale with a bank.
We love helping people solve complicated problems.
Creative solutions can bridge the gap to get you where you need to be.
Who Is Property Bridge And How Can We Help You If You’re Relocating And Need To Sell In Eugene?
We’re investors. We support our families and beautify neighborhoods by buying houses from Eugene home owners who need to sell fast for one reason or another.
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 Eugene 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 Eugene real estate, so please feel free to call us at (541) 224-6466 and chat with us anytime.