How to Move if Your House Hasn’t Sold Yet
- June 16, 2021
- 10 Comments
Moving can be stressful even with the most preparation beforehand. Selling a home can also be a stressful event in one’s life. Now, imagine those two situations taking place at the same time. Yikes! Hurdles from both events become much more involved when you have to move before your home sells. If you don’t have much time before you move, especially for work in another city, you may find yourself trying to juggle the sale from a thousand miles away. Below, we outline some tips to keep your sale on track with minimum headache!
BE MINDFUL OF YOUR TIMELINE
It’s important to understand that the average home sale turnaround time is two to three months, not two to three weeks; it could possibly be longer if you’re moving from a slower market. Follow us to understand more about the housing market.
GET BY WITH A LITTLE HELP FROM YOUR FRIENDS
If you do need to leave before your house has sold, designate a friend or relative to be a point of contact for your realtor, to check up on your house from time to time, and to help prepare for any open houses. Arrange for lawn care during warmer months, as weedy, over grown lawns detract from curb appeal. Lawn care is more than just mowing. Be sure to include basic tasks like watering plants, weeding, and trimming shrubs as well.
During the winter, keep the heat on! If you’re counting on a “smart” thermostat, you’ll need to keep the Wi-Fi connected so you’ll be alerted if the heat happens to go out. Arrange for someone to shovel sidewalks and check for water damage from ice dams or melting snow.
First off, to qualify for a second mortgage through the FHA, you must meet certain qualifications.
You need to have a good reason for needing to move right away, and not after your current house has sold. For example, moving because your family needs a larger space, you are separating from your spouse or for work purposes.
Also, you cannot owe more than 75% of the value of the first home. There are additional restrictions as well, do your homework before assuming you will qualify for an additional loan through the FHA.
Try to offer the seller of the second home, the option to rent it back from you for a few months.
Depending on their situation, they might love the idea of being able to stay in their home while they shop for a new one. If you are attempting to carry two mortgages, this is a great way to alleviate the cost.
Add in a contingency in your offer allowing you to close on the new home, only after your home has sold.
If your home is new to the market and priced well, it should sell right away. Present this to the owners of the second home, along with your offer. Ensure them that the closing won’t be delayed and that you agree to close in a certain amount of time.
Here are 3 tips about how to sell you house fast off market in Dundalk MD without a real estate agent:
sell you house fast Off Market – Tip #1: Clean Up The House
The more “ready-to-live-in” your house is, the higher price you might be able to get for your house. So this might involve some cleaning up or even fixing up. If there are renovations that you’ve started, you might want to hire a contractor to finish them. Maybe the roof needs to be reshingled. Perhaps you should paint your house.
sell you house fast Off Market – Tip #2: Tell Everyone!
Next, tell everyone you know that you’re selling your house. Post about it on Facebook. Find a local “For Sale By Owner” (FSBO) website or newspaper and post there. Put up flyers at the grocery store. In other words: Just tell everyone you can… and ask them to tell everyone they can.
sell you house fast Off Market – Tip #3: Be Prepared To Show Your House
People will want to come through your house to look at it and decide whether or not to buy. Be prepared to show your house – morning, noon, or night. It can be quite time consuming but just keep remembering all that money you’ll save!