As local homebuyers in Knoxville that help you sell your house fast, we often encounter homeowners who are relocating. When you think about the entire process of packing up and moving to a new area, it truly takes a lot of coordination and effort to relocate! If you’re thinking to yourself, “I’m relocating and need to sell my house in Knoxville”, Shipwash properties has your back! Since we’re actively purchasing properties in Knoxville, Tennessee right now, we’re able to help a substantial number of home sellers get rid of their homes swiftly. But regardless if we buy your house or not, we have provided a list of quick tips to help you get started!
Need To Sell Your House Fast In Order To Relocate?
To begin with, you have to deal with a massive amount of information and stress, which is compounded by the fact that you’re moving because of something that’s going on in your life that necessitates the move.
As a result, how do you get the most out of a challenging circumstance? Rather than wallowing in self-doubt, focus on getting things done. It’s not a good idea to end up paying for two years of maintenance on a property that’s not being used. This may become quite costly, but it doesn’t have to be.
Knoxville’s market is currently a strong seller’s market, but things may change in a split second. Throughout the last few decades, we’ve heard some truly terrifying tales of misfortune. In most cases, unless you’re a millionaire, you won’t be able to hold off for long. When you’re relocating and need to sell your Knoxville, Tennessee home quickly, how can you make the proper decisions?
Know Your Numbers
The first step in getting your home sold fast is finding out how much your home is worth. You may do this by contacting a respectable real estate agent or by contacting us and we will provide you with a free, no-obligation offer on your property based on our opinion of the value. Lastly, you can run your own comps if you feel comfortable doing so. As soon as you have an idea of what the house may sell for in the present market, you can figure out how long it might take to sell.
Keep In Mind
The sooner you decide how quickly you need to get rid of your home, the better. It’s a major deal. we’ve witnessed homeowners who relocated for work put their home on the market for almost a year before selling it at a considerably lower price than they expected. You need to understand the true value of your home prior to doing anything else. It’s also important to figure out when you need to sell your property and how long you’re willing to put up with two mortgage payments, insurance payments and other expenses.
Find A Great Agent And Know The Costs
When you are trying to sell your house fast in order to relocate, it is critical you find a great real estate agent to handle the sell for you if you elect to put it on the market. If you hire an inexperienced agent, you run a strong risk of having a home sit on the market for months with no offers. If selling your home before moving is imperative, we recommend someone with excellent marketing skills and the ability to price aggressively.
Understand the costs associated with a real estate agent
Let’s say you want to sell your house with a real estate agent, and determine a listing price of $200,000. Let’s say your monthly mortgage payment is $1,200/mo, and other costs such as taxes, insurance and maintenance are around $400 a month.
If it takes you 7 months to sell that house through a real estate agent for that $200,000 listing price, it will cost you $11,200 in holding costs. On top of this, you still have to pay $12,000 in real estate agent fees.
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. Now, the true cost to you was probably closer to $30,000 than you first thought.
Take Action Early
It’s better to decide early on if you’re looking to work with an agent and you have plenty of months to relocate. Or, if you are aware you need to pack up and relocate quickly, regardless of your home’s condition or value, selling to an all-cash buyer might be the better option if you’d rather not have to wait and not have to pay real estate agent. Regardless of your decision, you need to make sure you are working with someone that is local and professional.
We Buy Houses Fast
We buy houses in Knoxville directly from homeowners and eliminate the need for lengthy processes. Unlike the traditional way, we are able to purchase and close on your house fast since we use our own cash to do so. We don’t depend on banks and we don’t depend on appraisers that are booked up for weeks! If you are relocating and you want a legitimate cash offer on your house, reach out to us today to get started, or simply fill out any of the forms on our website!
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