It takes a lot of coordination to relocate. Every week, we receive calls from Metro Detroit home sellers saying “I’m relocating and need to sell my house in Metro Detroit”. Because we buy houses in Metro Detroit Michigan right now, we’re able to help a good many of those sellers sell their houses quickly.
Keeping all the details together is a challenge, not to mention the stress of moving in the first place – often a new job or a sick relative, but the true need comes with a dramatic change.
How do you make the best of a bad situation?
Organize, don’t agonize.
Don’t end up paying to own and maintain a vacant house for two years. There’s a better way.
While the Metro Detroit market is relatively stable right now, things can change quickly. In recent decades, we’ve heard some serious horror stories. You probably can’t wait it out unless you’re filthy rich.
How do you sell your Metro Detroit Michigan house fast when you’re relocating?
Need To Sell My House Fast In Metro Detroit Due To Relocation… Options and steps
First…
- Find out what your house is worth: We can provide you with a no cost, no obligation valuation of your property if you contact a reputable real estate agent. Based on how much the house can possibly sell for in the current market, you will be able to determine the length of time it may take you to sell it.
- Decide how fast you need to sell your house after you relocate: This is a biggie. I’ve seen professionals move out of state for a job and have waited over a year to sell their house before selling it for a much lower price than they expected. Decide how quickly you need to sell your house… and how long you’re willing to keep making two mortgage payments, insurance payments, etc.
- Find a solid real estate agent BEFORE you start packing boxes: You don’t want to waste any time by waiting or taking months to sell the house. Get started early so you don’t waste time. We are a reputable local house buyer and we’d love to make you an all cash offer if you do not want to use a real estate agent. Click here to complete the form >>
- Consider selling your house quickly vs. “waiting it out” for a dream price: We all want to sell our houses for the highest price possible. However, many people overlook the $ amount it costs to hold onto the house. addition to the mortgage, insurance, taxes, It’s important to calculate the cost of holding onto your house versus selling it fast for a dream price: People want to sell their houses as quickly as possible. One thing they often fail to do is determine how much it will cost to keep it. Suppose you have a mortgage payment of $1,200/month, taxes of $200/month, insurance payment of $100/month, and maintenance payment of $100/month. Those expenses add up to $1,600/mo in “non equity building” expenses. It would take you 7 months to sell that house through a real estate agent for that $200,000… $11,200 in DIRECT “holding costs” plus $12,000 in real estate agent fees (assuming 3% for the buyer’s agent and 3% for the seller’s agent). In total, $23,200 was lost. That doesn’t even account for your time, your stress in thinking about that property sitting on the market, the opportunity cost of what you could have done with that extra money during those 7 months, etc. It is likely that your real cost would be closer to $30,000. However, if you were to sell your house next week, you would avoid all of that. Even at a discount (let’s say $175,000), you could… vs. 7 months later at full price (and paying holding costs and real estate agent fees), you’re ahead of the game.
- Whatever you decide… take action! If you want to hire a real estate agent, great! Find a reputable local agent in Metro Detroit Michigan. Alternatively, you can sell your house to us if you don’t want to wait and don’t want to pay real estate commissions.
There’s a small chance someone might just fall in love with your property and be willing to overpay if you have a lot of time on your side. People do crazy things for love.
Most properties are pretty average, in reality. They tend to be like the other houses around them, just as people who live near each other tend to have a lot in common. As a result, by pricing your property at the highest price, you won’t be able to capture the most money unless it is truly exceptional, as in magazine-quality extra-special.
It is also possible to win by marketing your property for rent and sale at the same time, just to see which occurs first. However, you must control the process, which can cause confusion even for experienced real estate brokers.
We occasionally partner with property owners to help secure lease option agreements, where highly qualified purchasers rent the property for an agreed period before purchasing it.
Other times, we may help you renegotiate a loan, make monthly payments, or conduct a short sale.
Helping people solve complex problems is what we love to do.
A creative solution can bridge the gap to get you to where you need to go.
Who Is Wise Property Buyers And What Can We Do For You If You’re Relocating And Need To Sell In Metro Detroit?
By buying Metro Detroit homes from homeowners who must sell fast for whatever reason, we support our families and beautify neighborhoods.
We tend to work with sellers who…
- Need their house sold quickly (we can close within 7 days if needed)
- Don’t want to deal with an agent when selling a property
- Don’t want to pay fees
- Having trouble selling their house (we buy houses as-is)
- … or tons of other reasons
We are passionate people, and we love the Metro Detroit community.
Our approach is straightforward and honest.
With cash, we can close quickly at a fair price.
It is possible to manage the sale of your property from a distance if you’re willing to wait and can hire professionals to assist you. In certain situations, that risk can be worthwhile.
Our team is happy to assist you with any questions you have about Metro Detroit real estate, so please feel free to call us at 313-513-8824 and chat with us anytime.