Relocation is a complicated exercise in coordination. We get local Memphis 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 Memphis“. The great thing is that we’re able to help a good many of those sellers sell their house quickly (because we’re actively buying houses in Memphis TN right now!).
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.
You don’t want to be in a situation where you end up paying to own and maintain a vacant house for 2 years. That gets expensive and it doesn’t have to be that way.
Although the market is relatively stable right now in Memphis, things can change in the blink of an eye. We’ve heard some serious horror stories over the past couple of decades. Unless you’re filthy rich, you probably can’t afford to wait it out.
So how do you make the right choices when you’re relocating and need to sell your Memphis TN house fast?
Relocating And Need To Sell My House Fast In Memphis… 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 Memphis TN 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.
In conclusion, moving and selling your house in Memphis TN can be tricky, but it’s all about making smart choices. We often hear from people in Memphis saying, “I’m moving and need to sell my house.” Luckily, we can help many of them sell their houses quickly because we’re actively buying houses in Memphis TN right now!
Moving is a big deal, and it can be stressful. Maybe it’s because of a new job or a family member being sick. Whatever the reason, moving always means a big change.
So, how do you make the best out of a tough situation? Well, the key is to stay organized and not stress too much.
You don’t want to end up paying a lot of money for a house you’re not living in. That can get expensive, and it doesn’t have to be that way.
Even though the housing market in Memphis is pretty stable right now, things can change quickly. We’ve heard some scary stories over the years. Unless you’re really rich, waiting too long might not be a good idea.
So, what do you do when you’re moving and need to sell your Memphis TN house fast?
First, find out how much your house is worth. You can ask a real estate agent or contact us for a free valuation. Knowing the value helps you figure out how long it might take to sell.
Decide how fast you need to sell your house. This is important. Some people end up waiting for a year or more before selling, and that can be a problem. Figure out how long you can keep paying for things like the mortgage and insurance.
If you want to use a real estate agent, find one before you start packing. Time is money, and waiting too long can cost you. Or, if you don’t want to use an agent, we can buy your house fast for cash. Just fill out a form on our website to get started.
Think about the costs of waiting. Selling your house quickly might mean getting a bit less money, but waiting can cost you even more. Consider things like the mortgage, taxes, insurance, and maintenance. Waiting too long can add up to a lot of lost money.
Take action! Whether you choose a real estate agent or decide to sell to us, make a decision and do it. If you want to use an agent, find a good one in Memphis. If you’d rather not wait and avoid agent fees, selling to us might be a good option.
If you have time and a great house, you could try putting it on the market at a high price. Sometimes, people fall in love and are willing to pay more. But most houses are pretty average, so pricing it too high might not work.
You can also try renting out your house and selling it at the same time. It’s a bit tricky, but it might work. You have to be in control of the process, though.
In some cases, we might work with you to rent your house before selling it or help you negotiate with the bank to change the loan.
We enjoy helping people solve problems. Creative solutions can make things easier for you.
So, who are we? We’re investors who buy houses in Memphis. We help families and improve neighborhoods by buying houses quickly from people who need to sell for different reasons.
People who work with us often need to sell fast, don’t want to deal with an agent, don’t want to pay agent fees, or can’t sell their house as it is. But we’re here to help, and we believe in the Memphis community.
We’re honest and straightforward. We’ll give you a fair price, and we can close the deal fast with cash. If you’re okay waiting and can hire professionals, you can sell your property from far away. It might be a bit risky, but sometimes it pays off.
Feel free to call us at (901) 833-6018 if you have questions. Remember, the most important thing is to take action, whether it’s selling through an agent or to us. Making a decision and doing something about it is the best way to handle the challenges of selling your Memphis house while moving.
Who Is 2nd Floor Homes And How Can We Help You If You’re Relocating And Need To Sell In Memphis?
We’re investors. We support our families and beautify neighborhoods by buying houses from Memphis 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 Memphis 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 Memphis real estate, so please feel free to call us at (901) 833-6018 and chat with us anytime.