Did you suddenly find yourself the owner of a house where you do not live? Is the house you own in another state? Then perhaps you are wondering “Can I sell my house from out-of-state?” or can I sell my house before I move out of state?
The short answer is a resounding YES; you can sell your house from out of state. There are no rules that say you have to be in the home or in the same state when you are selling. However, you may want to research your selling options, because there are some sticky issues you will want to avoid.
If you want a fast, fair, and hassle-free house sale when you are living in another state, then you should pick up the phone and call Wasatchousepartners.com. We can make the process easy for you, without the costs and stresses of a traditional house sale through a real estate agent or broker and with legal backings. Selling a property while relocating to another state isn’t as easy as it looks. It can be more complicated than moving to a place in the same area but Wasatch House Partners is here to make things easy for you.
How to Sell Your Home When Moving Out Of State
Drive a Fast Sale with Aggressive Pricing
Setting a reasonable price is one of the key to selling quickly and buying another house in another state. Typically, when you plan to move, you hope the timing is just right for the sale to go faster than other sales in your market. And the way you do that is by pricing it aggressively. So you may want to price your home slightly below the comps in your neighborhood. Your sale needs to be more attractive than the competition.
Try to Time the Sale
A few things could happen when selling your house when relocating. You could sell too fast and not have another place lined up to move into. Selling your home could take too long, leaving you without the extra money to help move and put towards the next house. Or worst-case scenario you get stuck with two homes. Unfortunately, timing it just right may be difficult to do, and you could end up in a challenging situation where you need to sell but can’t move yet. There are a couple of things you can do to address the timing.
• Ask for Rent Back
A “rent-back” from the person buying your home is a good solution if you end up selling your property too soon, and your new residence out of state isn’t ready. What happens is the buyer becomes the owner, and they allow you to stay for two or three months or however long it would take to line up your next home out of state, and you would pay the new owner rent. Rent-back could work out for both the buyer and seller. The new owner would get to purchase the property they want, and you get some extra time while you are still arranging your move and finances to buy your next home.
Ask for a Flexible Closing Date
Another option you can ask for is flexibility on the closing date. There is a chance the buyer of your house might be flexible. It may not be a problem if they close this month or next month. It may be a little tricky though finding the buyer willing to work with you, but it doesn’t hurt to ask.
Keep it as a Rental
Instead of finding a buyer that would be flexible on the closing date or could rent the home to you, you could keep it as a rental. Keeping your home as a rental can be a hassle, though. You will probably need to hire a property manager to keep an eye on your home since you wouldn’t be close to check-in. Also, you would need to find a good reliable tenant. Ideally, you want a tenant that will respect your property and pay on time. A bad tenant could end up costing you. Furthermore, hopefully, the rental market is hot for your area because some rentals can sit vacant for months before being leased. An empty rental will leave you responsible for paying the monthly mortgage and utilities if a tenant isn’t there to cover the expense.
When moving out of state, there is a lot to consider; holding on to your house as a rental property or trying to sell it while attempting to find a job and getting settled in a new town can be overwhelming. The best situation would be if you found a buyer willing to work with you on the closing date or rent back the home to you, but that’s if you’re lucky enough to find someone open to that. Most buyers need to move in quickly because they are likely in a similar situation as you. But don’t be discouraged; there is a buyer out there, willing to work with your schedule.
Sell to a Home Buyer
If you want to find an ideal buyer that could close in the time frame you’re looking for, selling to Wasatch House Partners would be the best-case scenario. We purchase homes as-is, meaning you wouldn’t have to make any preparations or repairs to get your home ready to sell. Also, since we pay in cash, can close in within 7 days or whichever is best for you.
Working with Wasatch House Partners would give you peace of mind that you have a buyer for your home. Also, you wouldn’t have to put any time or money into renovations before selling. You would be able to focus on relocating and getting settled into your new place instead of stressing about your house in another state.
If you are moving out of state and need a flexible buyer, look no further than Wasatch House Partners . We offer a stress-free way to sell your home in the timeframe you need. No Fees, No Agent Commissions, and we pay all closing costs. If you’re interested in getting cash offer today or would like more information about our process and our company, feel free to visit our website at Wasatchousepartners.com. We would be happy to help if you’re planning to move out of state soon!
There are many reasons why a person might find themselves selling a house that is geographically distant from them. The main reasons are:
• You have moved away for work
• A relative has left you the home in their will
• You are made the executor of an estate
• A parent who lives in the house may be going into residential care
• You are getting married and selling up to live elsewhere with your spouse
• A family member needs caring for in their home, and you are selling yours in order to move in with them
• You and your spouse are seeking a quick disposal of assets because of a peaceable divorce
• You just wanted to start again somewhere new
The Real Estate Agent
Unless you already know a reliable real estate agent, you will have to interview a number of them to ensure you are working with someone who is a good fit. Once you have found your real estate agent, you will have to provide them with instructions on exactly how you would like to deal with the house. This process will not cost you any money, but it will require a considerable investment of time.
A real estate agent or broker will not charge you any upfront fees, but they are instead paid through commission on the final sale price. This commission is typically 6%, so on a $200,000 sale, you would pay your real estate agent or broker $12,000.
Remember, this cost is taken out of your sale price before you pay off any outstanding loans, etc.
Other Financial Costs
You might assume that paying a real estate agent or broker their fee is the only cost to selling your house, but you would be wrong:
When you are selling the home you live in; you are usually advised to carry out any repairs. Dripping taps, leaking roofs, dents in the wall, they all need to be addressed before buyers can be shown around the house. If you are there, it may be possible for you to do these repairs yourself, at minimal cost, but when you are selling from afar, you have to hire somebody else to do the work for you.
Did you inherit a home that belonged to an elderly relative who had accumulated lots of belongings? Maybe they were a full-on hoarder. If so, you will have to pay the cost of a junk clearing company to come in and empty the house.
Just like repairs decorating can be as cheap as a can of paint when you do it yourself. You could still take time out of your schedule and go the time, trouble, and cost of traveling to the house to decorate or you could pay someone else to do it. Either way, it will cost time, money, and effort.
Staging Your House For Sale
Many real estate agent or brokers will advise using a staging service when you are selling your home. This might seem like a good idea, especially when you are not there to ensure your house is showing its best. However, not only will you pay the price of the professional going to your home and arranging it but you may also be on the hook for furniture rental.
Even if the house you are selling is in tiptop condition, if it is on the market with nobody living in it there are still expenses, such as:
• Vacant house insurance – This will generally cover the house should there be a fire, hail, wind, lightning, storm or another named event. Most basic policies do not cover frozen pipes, windows broken, or other vandalism. Nor do they include your liability if someone breaks into the home hurt themselves and decide to sue you.
• Utility bills – It is possible, but not advisable, to have the utilities in an empty house disconnected.
• Repairs – As time goes on and your house remains on the market repairs and maintenance may be required.
• Maintenance – depending on the time of year you will need to maintain the nice appearance of the yard, with grass cutting, weeding the beds, etc.
A Question Of Time
Of course, all of this takes time. From finding a real estate agent or broker to actually have prospective buyers view your house can take weeks.
1. You have to find a real estate agent or broker you can trust and who will act according to your instructions
2. Then the house needs to be prepped for sale.
3. You wait while photographs are taken, and ads are prepared and posted.
4. Then there is the wait for a buyer who wants your house and is willing to pay a price with which you are happy.
5. Following that you have to go through the processes of surveys, title searches, home inspections, and in some cases occupancy inspections depending on the municipality.
6. You finally sell your house, hopefully before the equity is eaten up by holding costs (insurance, maintenance, and taxes).
Other Issues When You’re Selling Out-Of-State
If you are leaving a house empty for a prolonged period of time, you may be unfortunate enough to suffer vandalism of your home, or even worse, squatters. The stresses and costs of going through the legal process of evicting someone in your house illegally are enormous.
Not only that:
When you are selling your home through a real estate agent or broker, you have to think about it. All of the time. You will be calling and emailing, waiting for a sale, and hoping that the house is off of your hands before any equity has been eaten up by your costs. You have to place all of your trust into a real estate agent or broker you might never have met in person.
There is another way:
How We Can Help You
When you contact Wasatchousepartners.com you will speak with someone who cares about you having the best possible sales experience in the shortest possible period of time. One of our expert house buyers will make an appointment, convenient for you, and after viewing the house, if you wish to sell they will make a cash offer for the purchase of your house “as-is.”
That offer could be made in as little as 24 hours.
The professionals at Wasatchousepartners.com are not interested in having you decorate the home, nor do they require any expensive repairs. You do not need to visit the house to prepare for the assessment. Think of the time and effort you will save because you do not need to take time out of your busy life to travel to the house, clear any junk left behind, clean through the house, make repairs, or decorate. Plus you certainly, do not need to hire a specialist staging company.
With Wasatch House Partners there are no real estate agent or brokers fees, no repair costs, no waiting for the other party to decide if they want to buy. Just imagine how smooth a house sale without negotiations would be. You do not have to dread that phone call to say your buyers didn’t get their loan and won’t be proceeding or, even worse, that they want you to carry out expensive repairs or drop the price.
A Quick, Easy, Stress-Free Sale
Some Wasatch House Partners deals can be closed in as little as seven (7) days. That’s right, one week from start to finish and no waiting around for your money. An instant cash payment as soon as the sale is complete. By selling your house directly to Wasatchousepartners.com you will save not only the real estate agent and broker’s fees and additional costs of holding onto a home in another state, but you are relieved of the burden a second house can be.