Moving to a new place involves a lot of moving pieces. We hear from local homeowners every week by submitting their house info on this website. They usually say something like, “I’m moving and need to sell my house.” The good news is, we’re actively buying houses in Durham, North Carolina right now. That’s why we can often help these sellers sell their houses quickly.
Believe me, there’s a ton of things to take care of, all while dealing with the reasons behind the move – like getting a new job or taking care of a sick family member. But no matter what’s going on, the need to move is always a big deal.
Work Smarter – Not Harder.
You don’t want to be in a situation where you end up paying to own and maintain a vacant house for 2 years. That gets expensive and it doesn’t have to be that way.
Although the market is relatively stable right now in Durham, things can change in the blink of an eye. We’ve heard some serious horror stories over the past couple of decades. Unless you’re filthy rich, you probably can’t afford to wait it out.
So how do you make the right choices when you’re relocating and need to sell your Durham North Carolina house fast?
How To Sell My House
Selling can be stressful, but it doesn’t have to be. Here is a quick list to help you make a plan for selling your home and eliminating the stress.
- Determining Your House’s Value: Before you embark on selling your house, it’s crucial to understand its current market value. You have a couple of options to achieve this. One is reaching out to a reputable real estate agent who can provide you with an accurate estimate. Alternatively, you can connect with us, and we’ll be glad to offer you a free, no-obligation valuation of your property. Having a clear understanding of your house’s value forms the basis for making informed decisions regarding the timeline and terms of your sale.
- Timing Your Sale After Relocation: Selling your house promptly after relocating is a significant consideration. Rushing into a sale without a clear timeline can lead to undesirable outcomes. Instances of houses lingering on the market for extended periods, eventually selling for much lower than anticipated, are not uncommon. To avoid this scenario, determine how quickly you want or need to sell your house. Moreover, factor in the potential costs of maintaining two mortgage payments, insurance, and other related expenses during the waiting period.
- Engaging a Reputable Real Estate Agent Early: Time is of the essence when it comes to selling your house. Every month that your property remains unsold adds to your financial burden. To optimize the process, it’s advisable to engage a reliable real estate agent well before you start packing your belongings. Their expertise can help streamline the selling process and reduce the time your house spends on the market. Alternatively, if you’re not keen on using a real estate agent, our reputable local house buying company is here to offer you a fast, fair all-cash offer. Initiate the process by completing the form linked here. Fill Out the form to get started >>
- Calculating the Cost of Quick Sale vs. Waiting 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?
- Making Moves: Ultimately, the key lies in making a well-informed decision and taking decisive action. If partnering with a real estate agent aligns with your goals, take steps to find a reputable local agent in Durham, North Carolina. Conversely, if you’re inclined to expedite the process and bypass real estate agent commissions, selling your house to our company could be a viable solution. The choice is yours, and we’re here to support you throughout the process.
If time is on your side and your property truly stands out, it might be worth taking a bold approach by initially listing it at a higher price. Occasionally, a unique property could captivate a buyer’s heart, leading them to be willing to pay a premium – as we all know, love can inspire remarkable decisions.
In reality, most properties fall within the realm of average. They tend to resemble their neighboring houses, much like how people in close proximity often share common traits. Thus, unless your property is genuinely exceptional, boasting a magazine-worthy allure, aiming for the highest price may not yield the optimal market return.
Alternatively, a dual strategy of marketing your property for both sale and rent can be effective. This approach allows you to gauge interest in different markets simultaneously. However, maintaining control throughout this process can be complex, even for experienced real estate professionals.
In specific scenarios, collaboration with property owners could involve securing lease option agreements. This arrangement entails qualified purchasers renting the property for an agreed period before finalizing the purchase.
In other cases, our involvement might extend to renegotiating loans, aiding with monthly payments, or orchestrating a short sale with a financial institution.
Our passion lies in offering innovative solutions to intricate challenges. By thinking outside the box, we can bridge gaps and pave the way to achieve your desired outcomes. Whether it’s property selling, investment, or addressing complex issues, our commitment remains steadfast – finding creative pathways to lead you toward your goals.
Your Moving Quick To-Do Lists
- Strategic steps to navigate relocation property sales:
- Determine the current market value of your house to make informed decisions.
- Consider timing the sale post-relocation to avoid extended expenses.
- Engage a reliable real estate agent or opt for a fair all-cash offer.
- Evaluate costs of holding a property versus a quick sale.
- Proactive decision-making and steps for success:
- Testing the market with an initial higher price.
- Use realistic pricing to ensure optimal returns.
- Consider Dual marketing strategy for rent and sale as a potential option.
- Exploring lease option agreements and assistance with loans or short sales.
How Can Bull City Buyers Help You?
As investors, our mission revolves around supporting our families and enhancing the communities in Durham through the acquisition of homes from homeowners who need to expedite their sales for various reasons.
Our clients often includes individuals who:
- Require a quick sale (we offer a 7-day closing option for urgency).
- Seek to avoid the complexities of listing with an agent.
- Prefer not to pay real estate agent fees.
- Encounter difficulties selling their property for any reason (we purchase houses as-is).
- Face a range of other circumstances.
Our commitment to the Durham community drives our business. Honesty and Transparency are at the core of our beliefs.
We provide transparent and equitable pricing, with the added benefit of a speedy cash closing.
For those who have the time and resources to manage a remote property sale with professional assistance, waiting might prove advantageous in specific cases.
Our expertise extends to assisting you with any questions you have about Durham real estate. Feel free to connect with us at (919) 808-1864 for an open conversation at your convenience.