Moving because of a job-relocation can be an exciting endeavor or it can be a stressful one. There are often a range of emotions that go along with such a big change. Today, we will look a bit closer to what needs to be done if you need to sell your San Diego house now because of a job re-location.
Let’s first start with different scenarios that would cause a job-relocation:
- You landed your dream job!
- Your spouse has a job change and you request a re-location
- You and/or your family want a change and the lifestyle change a re-location would cause better suits your needs
- Changes in the market cause your company to relocate
- Financial issues that causes a downsize to a more affordable area
- Aging parents and the need to be closer to them
- Inheriting a home in a new area
No matter the reason for your move, it looks like you need to move quickly. Especially if your employer isn’t helping with the move financially, moving near or far can require significant funds to make the move as smooth as possible. According to moving.com, “The average cost of a local move is $1,250. The average cost of a long distance move is $4,890 (distance of 1,000 miles). These estimates are based on a 2 – 3 bedroom move of approximately 7,500 pounds.” That is a significant amount when you are also dealing with potentially purchasing a new home, new furniture, and all the added expenses of the move.
Now when you need to move quickly, it is in your best interest to not invest any more money into your current home, so you can save that cash for the new property and your new life. Most likely you will want to save as much money as possible so you have a larger nest egg when you do re-locate. Many times homeowners who are moving feel they need to dump loads of cash into their current home to sell their home. And although that is an option, in this case, prepping your current home for sale, especially if it isn’t in great condition, can really steal you away from tens and thousands of dollars that you will most likely need in your new home. Let’s take a look at what you would need to invest in if you did decide to list your home:
- Home prep: prepping your current home for sale is not as easy as a simple cleaning and pillow fluff unfortunately. Prepping takes time, money, and energy. This means making any repairs that you have been putting off that can be as small as new door hinges to full roof replacement.
- Renovation: if you do not have a home that is current and modern, then renovating important rooms such as kitchens and bathrooms is extremely important. According to Cliqstudios, “For the average, medium-large kitchen remodel, $32,574 to $77,939 is a reasonable starting point for your budget. Your remodeling budget will depend on things like: where you live, home value, product selection and project scope.” And we all know that any renovation usually goes over-budget so if you decide to go this route, get ready to pull out your pocket book.
- Listing Your Home: Listing your home means that you have invested money in professional photography, videography, and staging your home.
- Showings: Showings can be one of the most frustrating and time consuming processes of selling your home. If you need to move quickly, then showing your home multiple times a week and being vacant from your home for hours at a time and for multiple weekends in a row, can seem daunting.
One of the major driving forces of deciding to sell your home quickly and efficiently are the financial resources that are necessary to help aid your move. According to HomeGo, “Most lenders will refuse to provide a new mortgage to a borrower unable to pay at least 20% of the home’s value upfront, unless the borrower also purchases private mortgage insurance.” If you are looking to purchase a new home in your new city, keep in mind that many lenders will only lend you money if you have one “primary residence.” This means you need to get your home in San Diego off of your hands before you can purchase a new one and have the funds to purchase a new home.
Before you venture down the path of relocating from San Diego to your new home, check with your employer on any services they may be able to provide to ensure the move is as smooth as possible. According to Zillow, “Approximately 70% of US companies offer relocation incentives for employees or new hires. So, if you haven’t heard anything about what your new employer is willing to offer in terms of relocation, make sure to ask for more information.” This can be in the way of temporary housing, moving services, transportation costs, and even a cash bonus.
TRUSTED HOUSE BUYERS
One of the quickest and fastest ways to sell your San Diego house now because of a job-relocation is to sell to a cash buyer, like Trusted House Buyers. By selling to a cash buyer, you will be able to have a formal offer within days, and if you accept the offer, you can close in as early as 10 days. This means that you will have cash in your hand right away to help with all of the other expenses that you will need to invest in for your big move. Especially if your house is not in the best shape, selling to Trusted House Buyers allows you to skip the hassle of repairs and renovations and have peace of mind that we will take your home in any condition. In addition, when taking on a big move, packing up your life is a huge part of it. We allow you to leave anything you don’t want behind. You can simply pack up what you need and walk away. Especially for busy families and all that entails, being able to streamline the packing process will save you money and valuable time.
Give us a call today at 619-786-0973 to see how we can help make your lives a little easier and help you sell your San Diego house now before you relocate for your new job. We look forward to hearing from you!