By Joe Manna
I’ve relocated two separate times. It can be stressful because despite putting a good plan in place, oftentimes, things don’t go the way you intended. Still, whether you’re a home or condo owner, there are a few steps you can take to help minimize the stress and uncertainty of relocating.
What options do home and condo owners have when relocating?
- Rent it out
If you don’t have more than 20 percent equity in your home, renting it out could be a great option. And since you won’t have immediate access to your home due to being a long distance away, partnering with a reputable property management company to manage renters will minimize stress. The upside of renting out your property? It allows someone else to make your mortgage payments. The downside is, you may have to foot the bill for repairs on a regular basis.
- Sell it directly
If you have at least some equity in your property, it might make sense to sell to a direct home buyer like OfferPad. When you sell your home directly, you get an end-to-end moving experience. They even take care of repairs and renovation costs—so you can sell your home fast, skip title and escrow and close any time you want. You get the flexibility you need with the ability to sell between five days and three months. The benefits of selling your home this way is that you get maximum convenience and control and you get fair market value.
- Sell with an agent
If time isn’t an issue and you have equity in your home, you might consider using a real estate agent. While taking the traditional route could mean fetching a higher price for your home, the downside side is, you’ll have to pay out of pocket for renovations and repairs, as well as pay a commission to the agent. You should also be prepared to have your house ready for showings at a moment’s notice—isn’t life busy enough already??
When planning a long distance move, hire a professional moving company. Whether you’re moving back home, just landed your dream job, or whatever the reason may be, don’t let your house or condo keep you from moving forward with your life.
This post was authored by OfferPad, a direct home buyer that has partnered with Dircks Moving & Logistics to provide homeowners a free local move when they sell their home.