Relocating With A House To Sell
People relocating for a new job opportunity usually requires a very quick move and sometimes having to leave families behind in order to navigate the preparation and sale of the home alone.
Most corporate relocation happens very fast which causes more stress. Very few employers offer a full relocation package or a home buyout program anymore. It is very common to list, sell and close a house with one spouse in another city. This divide-and-conquer living arrangement requires tremendous focus.
What you both want and need most is a quick sale but, at a good price, because relocation is expensive and housing could be a higher cost in the new area. But you do have options!
We get local Milwaukee home sellers contacting us every week saying “I’m relocating and need to sell my house in Milwaukee“. The great thing is that we’re able to help a good many of those sellers sell their house quickly because we’re actively buying houses in Milwaukee right now!
Option 1) Rent Your Home
Some home sellers have no choice. For a variety of reasons, from job promotions to family-related matters, a home seller might be forced to relocate to a new area and leave an existing home behind.
Even if you can't receive enough rent to cover your mortgage payments, paying a small amount of negative cash flow every month might be easier on the pocketbook than forking over thousands of dollars for a vacant house.
Here are a few tips about renting:
- Be aware that many homeowner insurance policies do not cover a vacant house for more than 30 days; however, you may want to talk with your insurance agent about changing the policy to insure only the structure without contents.
- Hire a reputable real estate management company to screen tenants and hire tradespeople if repairs become necessary. You don't want midnight calls from tenants if a toilet leaks.
- Ask neighbors to keep an eye on your home and to notify you if they suspect problems. Give them your e-mail address or cell phone number to call in the event of an emergency. Encourage them to call the police and report suspicious activity.
Option 2) Consider a Short Sale
If you've purchased your home within the past few years, it's possible that you owe more than your home is worth. TW Homes, LLC might be able to negotiate with your lender to accept less than your mortgage balance. Before you consider doing a short sale, here are a few things you should know:
- Discuss the ramifications with a real estate lawyer to make sure you understand the consequences. Moreover, not every seller qualifies for a short sale, and not every lender will accept a short sale.
- Realize that short sales affect credit, and redeeming a pre-foreclosure on your record could prevent you from buying another home for a while. You may owe the IRS taxes on a short sale.
- You may receive a 1099 from the lender for the amount of forgiven debt, but that is considered standard protocol. Talk to your accountant about it. It might be nothing.
Option 3) Sell the property to cash home buyers:
We’re cash home buyers in Milwaukee, offering to buy distressed properties. We buy homes facing foreclosures for cash. Unlike a traditional sale, we promise to close in 2 weeks or less. This way you have sufficient time to get your finances sorted and avoid a foreclosure. All you have to do is to give us a call. We’ll make a cash offer; if you agree, we’ll close on a date that you prefer. You don’t have to worry about repairs, or renovating the house. We’ll buy the house as it is.
Ready to sell your house fast for cash? Call us – we buy houses in Milwaukee!