Do you need to move because of a new job? Or, maybe you are being transferred to a new office? No matter the reason, our tips will make the process less stressful! In our latest post, we provide information to help you sell your house for a job transfer in RI!
Career changes happen. Job transfers happen. At some point in your career, there may be a time when you need to move for work. The idea of picking up and moving can feel overwhelming, especially if you have a family. When it’s time to move, you have some options – you can:
- list the house
- sell the home on your own
- hold on to the house
Listing your RI house can be expensive. Before your property even hits the market, you’ll need to make minor repairs, professionally clean the house, negotiate a contract with an agent, 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, as they reduce the amount you’ll receive from the sale of your home.
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, mortgage, and any maintenance costs which come up. If you need to sell within a specific timeframe, you might want to steer clear of getting stuck in a binding listing agreement. In urban and suburban areas, even in a seller’s market like today, the time from when you begin the selling process to when you receive your funds can easily be 3-5 months.
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 be less than had you sold it directly. Run the numbers for your situation to discover which selling method is right for you!
When you sell directly to Clipper Properties, 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 Clipper Properties, we make you an offer to sell your house free and clear, without any fees.
With a direct sale to Clipper Properties, 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 Clipper Properties is quick, painless and stress-free. You will not have to worry about how much money 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 may 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 RI 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 RI 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. Additionally, each month you’re holding two mortgages, you’re paying for two mortgages, which can wipe out cash savings you may have.
Becoming a Reluctant Landlord
If the house doesn’t sell, you can always opt to rent it out. Be forewarned, it can 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.