Relocating can be a complex task that requires careful coordination. Each week, we receive numerous inquiries and submissions from local home sellers in DFW who say, “I got a new job and need to sell my house due to transfer or relocation.” The remarkable aspect is that we are able to assist a significant number of these sellers in achieving a quick sale, as we are actively purchasing houses in DFW, TX right now!
There are an overwhelming amount of details to manage, coupled with the stress of the underlying reasons of why you need to move in the first place, which often involve factors like a new job or ailing family member. However, the necessity to relocate always entails a significant life change, adding to the emotional weight of the situation.
So how do you make the most out of a tricky situation?
Don’t Agonize – Organize!
Avoiding a scenario where you incur costs for owning and upkeep of a vacant, unoccupied house for two plus years is crucial. Not only can it be financially burdensome, but it is also unnecessary.
Although the market is relatively stable right now in DFW, things can turn on a dime. We’ve heard some brutal horror stories over the past couple of decades. Unless you’re moneybags rich, you likely can’t afford to wait it out.
So how do you make the right choices when you’re relocating and need to sell your DFW TX house fast?
Relocating And Need To Sell My House Fast In DFW… Your Buffet Of Options And Steps
First…
- Find out what your house is worth: To accomplish this, you have a couple of options. You can reach out to a trustworthy real estate agent or get in touch with us, and we can provide you with a free, no-obligation property valuation. This will give you an understanding of the potential selling price of your house in the current market… that sets the threshold for how long you may or may not be able / willing to sell the house.
- Decide how fast you need to sell your house after you relocate: This is a biggie. I’ve witnessed professionals who relocated to another state for employment purposes, and unfortunately, their houses remained on the market for more than a year before eventually selling, often at a significantly lower price than anticipated. It is essential to determine the urgency with which you need to sell your house…. and how long you’re willing to keep making 2 mortgage payments, insurance payments, etc.
- Find a solid real estate agent BEFORE you start packing boxes: Get the ball rolling early so you don’t waste a single minute of valuable time. Every month that you wait or every month that it takes to sell the house… costs you money. We are longtime licensed Realtors® and can help if you decide to go that route. Or if you don’t want to use a real estate agent to sell… we are a reputable local house buyers and we’d love to make you a fast-fair all cash offer. Just fill out the form through this link to get started >>
- Calculate the value of selling your house fast vs. “waiting it out” for a dream price:We all aspire to sell our houses for the highest possible price. However, one crucial aspect that many people tend to overlook is the actual cost associated with holding onto the property. These expenses encompass mortgage payments, where a significant portion goes towards interest rather than principal, along with insurance, taxes, maintenance, and more.Let’s consider a scenario where you aim to sell your house for $200,000. If your monthly mortgage payment is $1,200, taxes amount to $200 per month, insurance costs $100 per month, and maintenance adds up to $100 per month (including lawn upkeep and repairs during your absence), the total “non-equity building” expenses accumulate to $1,600 per month.
Now, suppose it takes seven months to sell your house through a real estate agent at the desired price of $200,000. During this time, you incur direct “holding costs” amounting to $11,200, in addition to paying $12,000 in real estate agent fees (assuming 3% for both the buyer’s and seller’s agents), resulting in a total loss of $23,200. This calculation doesn’t even factor in the value of your time, the stress of having the property on the market, unexpected major repairs that may arise (hello, ice storm power outages and broken pipes!) the opportunity cost of the money tied up in the house during those seven months, and other related considerations. In reality, the actual cost to you is likely closer to $30,000.
What if you were to sell your house promptly, avoiding all of these expenses? Even if you sold at a discounted price (let’s say $175,000), you would still come out ahead by selling the house now to a home buyer like us, rather than waiting seven months for a full-price sale (while incurring holding costs and real estate agent fees). Make sense?
- Take action!: Whatever you decide… decide and take action. If you want to go the real estate agent route, great! We are also a reputable local DFW TX agent Realtor® and would be glad to help. 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 us 🙂
If you’ve got tons of time on your side and a really great property, you might want to test the market by offering it out at a high price. There’s always a small chance someone might just fall in love and be willing to overpay – people do crazy things for love.
In reality, most properties are pretty average. They tend to be pretty similar to the other houses around them, in the same way that people who live near each other tend to have a lot in common too. So unless your property is truly exceptional, as in magazine-quality extra-special, you won’t capture the most money in the market by pricing at the highest point.
You can also win by marketing your property for rent and sale at the same time, just to see what happens first. It’s worth noting that this can be a confusing process for many and means many more showings involving strangers trampling through your property. Plus, if it does rent then you are on the hook to either be a landlord or pay someone to do it for you. What’s more is that when the renters move out you have repairs and repaint and likely new carpeting, etc. to do and then you’re back at square one with a vacant house to sell and now you’re far away with much less ability to manage things as you’re well entrenched in your new life somewhere else.
In certain situations, we may partner with property owners to help secure lease option agreements where highly qualified purchasers rent the property for an agreed time before buying. It’s possible.
In other cases, we may help renegotiate a loan, help make monthly payments or conduct a short sale with a bank. What we’re saying is that there are options and we’d love to talk them through with you.
We love helping people solve complicated problems. This is our mission.
Creative solutions can bridge the gap to get you where you need to be.
Who Is Bright Bid Homes And How Can We Help You If You’re Relocating And Need To Sell In DFW?
We’re investors. We are local community members. We support our families and beautify neighborhoods by buying houses from DFW home owners 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 DFW 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.
We’re happy to help you find answers to your toughest questions about your DFW real estate, so please feel free to call or text us at (214) 833-6269 and chat with us anytime.