Relocation is a complicated exercise in coordination. We get local Boston home sellers calling us or submitting their house info on this website every week saying “I’m relocating and need to sell my house in Boston“. The great thing is that we’re able to help a good majority of those sellers sell their house quickly (because we’re actively buying houses in Boston MA right now!) and we have the ability to help them also sell their house traditionally as their broker.
There’s an insane amount of details to keep together, plus the stress of whatever is making you move in the first place – often it’s a new job or a sick relative, but the true need to move always comes with a dramatic change.
So how do you make the most out of a difficult situation?
Don’t Agonize – Organize.
Relocating can be a stressful and overwhelming process, especially when you have to sell your current home. One of the worst scenarios is ending up with a vacant house that you continue to pay for and maintain over an extended period. The expenses can quickly add up, draining your finances unnecessarily. However, with the right approach, you can avoid this situation and make the selling process smoother.
The Cost of Delay
Owning and maintaining a vacant house for even a few months can be costly. Utility bills, property taxes, insurance, and potential maintenance issues don’t stop just because the house is empty. In some cases, homeowners have found themselves paying these expenses for years, significantly impacting their financial stability. But it doesn’t have to be that way. By taking proactive steps, you can avoid this financial burden and ensure a quicker sale.
Market Uncertainty
Although the real estate market in Boston is relatively stable at the moment, it’s important to remember that market conditions can change rapidly. Economic shifts, changes in interest rates, or local developments can all impact the housing market. Over the past couple of decades, we’ve seen how unpredictable the market can be. Unless you have substantial financial reserves, waiting for the perfect market conditions might not be a viable option.
Making the Right Choices
So, how do you make the right choices when you’re relocating and need to sell your Boston, MA house fast? Here are some practical steps to help you get started:
- Hire a Professional Realtor: A skilled real estate agent can provide valuable insights into the local market, help you price your home competitively, and manage the marketing and negotiation processes. Their expertise can significantly reduce the time your house spends on the market.
- Prepare Your Home for Sale: Invest time in decluttering, cleaning, and making necessary repairs. A well-presented home attracts more buyers and can lead to quicker offers.
- Consider Staging: Professionally staged homes often sell faster and at higher prices. Staging helps potential buyers visualize the space and see its potential.
- Set a Competitive Price: Pricing your home correctly from the start is crucial. Overpricing can lead to your home sitting on the market for too long, while underpricing can result in lost value.
- Utilize Online Marketing: In today’s digital age, most buyers start their home search online. Ensure your home is listed on major real estate websites and consider using social media to reach a broader audience.
- Be Flexible with Showings: Make your home available for showings as often as possible. The more potential buyers who see your home, the higher the chances of receiving an offer.
By organizing and taking these proactive steps, you can streamline the selling process and minimize the time your house spends on the market. This not only reduces your stress but also helps you avoid the financial strain of maintaining a vacant property.
Relocating And Need To Sell My House Fast In Boston… Your Options And Steps
First…
- Find out what your house is worth: To do this you can contact a reputable real estate agent or connect with us and we can give you a no cost no obligation valuation on your property. Once you know what the house may be able to sell for in the current market… that sets the basis 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 seen professionals who moved out of state for a job who had their house on the market for over a year before selling it for a much much lower price than they hoped. Decide how fast 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 any time. Every month that you wait or every month that it takes to sell the house… costs you money. Or if you don’t want to use a real estate agent to sell… we are a reputable local house buyer 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 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?
- Take action!: Whatever you decide… decide and take action. If you want to go the real estate agent route, great! Find a reputable local Boston MA agent. 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 a lot 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 a small chance someone might just fall in love and be willing to overpay – people do crazy things for love.
Most properties are pretty average, in reality. They tend to be like 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. You have to maintain control of the process, which can confuse even seasoned real estate brokers.
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.
In other cases, we may help renegotiate a loan, help make monthly payments or conduct a short sale with a bank.
We love helping people solve complicated problems.
Creative solutions can bridge the gap to get you where you need to be.
Who Is Gaeta Properties And How Can We Help You If You’re Relocating And Need To Sell In Boston?
We’re investors. We support our families and beautify neighborhoods by buying houses from Boston 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 Boston 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 Boston real estate, so please feel free to call us at (781) 258-6976 and chat with us anytime.