Are you planning on relocating soon? Well if you, you’re in for a treat. For most people, relocating is quite an exciting time. It’s a time when you can leave your old house, let go of the past, and start a bright new chapter somewhere else in a beautiful new home. As such, you’ll typically experience quite a lot of excitement and a hint of hope for the future as your moving date gets closer and closer.
However, while relocating can be quite magical, it can also have a dark side that’s full of stress and anxiety. And that dark side typically spawns when one begins to think about what to do with their old house. Dealing with old houses is never fun, especially if you are hoping to sell it fast before moving. And that’s because unless you have 2-3 months to spare, as well as a full bank account (which usually isn’t the case for people that have just bought new houses), selling your house traditionally (with a real estate agent) is not an easy thing to do. From the repairs that you’ll have to make to the piles of paperwork, you’ll need to fill out in order to give your realtor a fighting chance on the open market, you’ll be in for a steep battle ahead that has no guarantees whatsoever. And on the flip side, if you decide to keep your second property, you’ll also find out that this usually isn’t a better choice soon enough. From all the money that you’ll have to spend maintaining two properties, as well as all the taxes that will need to be filed, keeping your old house does have its fair share of difficulties.
So, Yes. Dealing with your old properties when moving is not an easy thing to do. However, you shouldn’t worry about it too much. In this blog, we are going to help you out by discussing everything you need to know when relocating in Minneapolis MN. We’ll highlight a few tips and tricks for moving faster, as well as what you can do to help speed up the sale of your old property if you’re facing moving deadlines. In addition to this, we’ll also include our top tips for movers in Minneapolis. As such, when we’re done, you’ll be sure to know the right way to sell your house when relocating in Minneapolis MN.
Everything You Need to Know About Moving in Minneapolis MN
Read on to explore our deep dive into relocating in Minneapolis MN
So you’re ready to move houses. If so, and you’re moving to your dream house, you may be excited about what lies ahead. However, all of those positive emotions will likely be dampened by the stresses and hassles associated with moving. Below, we are going to help you out with all of this by exploring our top tips for selling your house when you need to relocate.
How to Sell a House When Relocating
When relocating, there is an insane number of details that need to be handled in order to keep everything together. In addition, the stress of whatever is making you move in the first place can also play a huge part in making an already difficult situation even worse.
So how do you make the most out of a difficult situation? Well, you can do so by making sure that you go about selling your property in the right way. As such, it’s important to learn everything you can about selling your house when moving well in advance.
Read on to learn our top tips for selling your property when you need to relocate
1. Don’t Wait for Too Long
When it comes to selling a property before moving, one of the worst things that you can do is to wait for too long. You don’t want to be in a situation where you end up paying to maintain a vacant house for 2 years. That gets very expensive… it doesn’t have to be that way.
Although the market is relatively stable right now in Minneapolis, things can change in the blink of an eye. So unless you’re filthy rich, you probably won’t be able to afford to wait it out.
2. Find out what your house is worth
To do this you can contact a reputable real estate agent or connect with us. We can give you a “no-cost, no-obligation” valuation analysis on your property. Once you know what the house may be able to sell for in the current market, that sets the basis for how long it will take you to sell your house.
3. Decide how fast you need to Sell
This is a biggie. Here at FastPath, we’ve seen professionals who moved out of state for a job. These people often keep their house on the market for over a year before selling it for a much much lower price than they had initially hoped. All of this, while maintaining 2 mortgages.
If you’d like to avoid being like one of these people, here is what you can do: before you start the sale process, ask yourself if your willing to wait it out on the open market, or whether taking a faster method such as selling directly to a professional home buying company like FastPath Home Buyers would be a wiser option.
Once you’ve made your choice, it is important to get the ball rolling on the sale as quickly as possible, before you start thinking about moving. So in order to do this, either begin by finding an agent, or look for a home buying company to sell to.
4. Be realistic with your asking price
We all want to sell our houses for as much money 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.
Let’s do the Maths: The costs involved include the mortgage, insurance, taxes, and maintenance. Let’s say you want to sell your house for $200,000… and your mortgage payment is $1,200/mo, taxes $200/mo, insurance $100/mo, and maintenance $100/mo. 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 have to pay $12,000 in real estate agent fees (assuming 3% for the buyer’s agent and 3% for the seller’s agent). Totaling $23,200 in LOST money.
That doesn’t even account for the value of your time and your stress in thinking about that property sitting on the market. 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 (let’s 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?
5. Take action!
Whatever you decide… make your decision and take action. If you want to go the real estate agent route, great! Find a reputable local Minneapolis MN agent. If you’d rather not have to wait and not have to pay real estate agent commissions… then a viable option may be to sell your house to a cash buyer like our company.
Benefits of Selling to FastPath When Relocating
Relocation can be a complicated exercise in coordination. Here at FastPath, we get local Minneapolis home sellers calling us or submitting their house info on this website every week, saying “I’m relocating and need to sell my house in Minneapolis”. If you’re one of these people and are looking for a fast method to sell your house because you need to move soon, consider making a direct sale to our company, FastPath Home Buyers.
We’re investors. We support local families and beautify neighborhoods by buying houses from Minneapolis homeowners 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 Minneapolis 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.
So there you have it. Here is everything you need to know when relocating in Minneapolis MN.
More Questions? Maybe you’d like to know how to organize your moving boxes when relocating. Whatever your question, we’d be happy to give you all the answers you require. Simply reach out to us by calling (612) 351-2384 or filling in the short form below, and we’ll get back to you with all the answers you’re looking for.