You just found your dream job and want to relocate! Well, that’s exactly happen with thousands of other people in your state. In fact, there could be so many other reasons for the people to relocate, but what remains the same is dealing with the property people own. It is easy to pack the entire household goods by taking assistance from the best packers and movers in Bangalore, but what about the house? If one is shifting from one rental property in Bangalore to another then there’s nothing big to deal with for them, but when a person owns a house then he can’t decide whether to sell house before I move or should I buy another house before I sell mine. A lot of questions come to the relocators’ mind but one can take the right decision by seeking advices from the professionals.
If you are also wondering whether you should sell your house for job relocation or not then this article will help you. Just one right step can make all the differences. Let’s see how to sell your house when moving to another state, but before that let’s know the second option you have other than selling your house before relocation- Rent out your house.
You can become a landlord by renting out your house when moving to another state. But, that also requires certain knowledge and experience. Let’s see the rule for being a long-distance landlord:-
It’s actually tempting to consider holding on to your hold house and renting it when transferring job. But, that’s only tempting until you realize: –
It’s costly to maintain
You will have to think whether you will be able to keep up with mortgage interest, property tax, repair costs, operating expenses, maintenance costs, etc.? So, it’s not only tough but expensive as well to maintain a rental property.
Tenants
It’s not always easy to find a good tenant. Sometimes having no tenant is far better than having a bad tenant. This can actually give you nightmares if you have hired wrong tenants. If you are ready to deal with such things then you can opt for renting out your house before moving to a new city.
So, basically there are so many things that you will have to do after being a long-distance landlord. Not even the professional property management service providers will be able to help you completely. So, before you decide to rent out your house during a job relocation you should think about these problems that you may face.
In fact, the peace of mind you will get from selling your house during a job relocation you will not be able to get that much profits by becoming a long-distance landlord.
Selling house for job relocation vs. renting
When you decide to rent out your house instead of selling the house, you must understand that you will become a long-distance landlord and your property is becoming an investment property, which brings lots of new responsibilities and legal liabilities. Also, you will not be able to know whether your tenants are trashing your home. What we can say that renting out house during a job relocation is not all bad, but you must know that when you can get into it.
Sell Your House to Make the Most of It
If your employer is not covering the relocation expenses then being budget conscious is a necessity. Even in the best situations, setting up in a new town can be costly until you don’t find the shortest way to commute to and from workplace, find affordable places to eat, etc.
Renting your property will demand for more money as you will have to renovate it so that tenants will ready to pay good amount. So, if possible avoid investing more money into your house to rent it out. In fact, you will need more money when moving into a new city. You’ll likely to sell your house quickly so that you will get your pockets full of funds, because in the coming weeks you need them the most.
Well, where you are moving also affect the financial resources you will need. But, there are top 11 cities to live and work in India which can be actually best for you to relocate to.
Selling your home before moving to a new city will help in obtaining a primary residence mortgage for a new house. And also you will get peace of mind as there would be no property you need to take care of. Here are the steps to be followed by you for selling your house for job relocation.
Steps to Selling Your House for Job Relocation
Now when you know why you should sell the house before moving for a job, let’s know the right steps of doing it:-
Ask your employer about job relocation assistance
Most of the times the new employer take the responsibility and bear the moving expenses. But, if your employer hasn’t mentioned about it then it’s time to ask about them. With this you will come to know what you can include in your relocation package. You may get a few options, including coverage for:-
- Costs of travel
- Goods storage facility
- Packers and movers Bangalore charges or fees
- Shipments of goods
- Costs related with selling old house and buying a new one
There’s always something that you can take advantage of so, it’s always good to explore what’s available.
Even if your company doesn’t have a formal relocation policy, you can ask for specific amount for what your move is likely to cost. And this could be only done when you will know the moving expenses you will face. For this you can use packers and movers costs calculator available online to get an estimate. Well, usually household move cost depends on certain factors like distance between the source and destination, quantity of the goods, etc. Cost of a full-service move can range between Rs 8,000 – Rs. 26,000 depending on the distance of the move. It’s better to use online cost calculator to estimate packers and movers charges.
So, now the time is to sell your house so that you can relocate for a job peacefully.
Hire Real Estate Agent
You must seek help from real estate agents with good reputation for speed. Yes, the real estate agents can help you selling your home quickly also at a very good price.
Sell for cash for fast closing
Selling house is actually a time-consuming process and it becomes even more time-consuming if not selling for cash. The main trouble is finding a buyer willing to purchase your house for cash.
Tips for Speeding up Your House Sale before Moving for a Job
Set exciting price for the house so that your listing will not linger.
- Get rid of the clutter to sell your house fast, also it will help
you to move easily as then you will have less stuff to move. - Call the deep home cleaning professionals if you need them to
clean the house. (A neat and clean house sells quickly) - Stage key spaces to attract buyers and get quick offer.
- Make repairs to tackle any issues that might be noticed by the
buyer during the home inspection.
Conclusion
Your top concern should be balancing the speed and efficiency with getting the best deal when moving to a new city for a job. The above-discussed tips and advices will help you to sell your house at lightning speed without compromising your profits. If you really want to sell your house on tight timeline and want a good offer then follow the tips and see if you can get the decent deal for you.