Relocating is complicated, even in the best of cases. As local Maryland real estate professionals, we’ve met hundreds of people who need to move out of town, whether it’s to pursue a job, be closer to family, or retire to a sunnier locale.
You have to find a new place to live, whether you’re relocating to the next city over or across the country (or even across the world, depending on where you’re moving to!) You have to figure out how to move your belongings from one place to another. You, your family, and your pets will have to adjust to the new surroundings. And to complicate it all, you need to sell your old house FAST so you aren’t stuck paying mortgage and maintenance on a house you don’t even live in anymore. Remember, the bills don’t stop coming when you move away!
So, how do you make the most of the situation when relocating and selling your home in Maryland?
Get Ready to Sell Your Maryland House
Ideally, you have plenty of time before you need your house to be sold. In a best-case scenario, you’ll find a buyer well ahead of time. If you are using a local real estate agent, you’ll need to contact them well before you move to ensure they have plenty of time to market and sell your property. But if you need to sell FAST, then chances are, you don’t have time for this.
The Best-Case Scenario: The Perfect Time to Sell Your Home
You’ll want to decide just how fast you need to sell your home in Maryland. Do you need it gone within 6 months? 1 month? 2 weeks? The absolute BEST-CASE SCENARIO would be to have your house sold as close to the day you move as possible. Not much sooner, not much later. This ensure that you aren’t rushed to leave your property (resulting in having to stay in a hotel or at a friend/relative’s place) and you also aren’t paying double the bills by owning/renting two properties at the same time.
Selling for As Much As Possible, or As Fast As Possible?
It might sound ideal to sell your home for as much money as possible. Of course, that’s what we all want! Houses are a large investment and it’s always ideal that the investment pays off. You probably have a number in your head that you’re waiting to hear from a prospective buyer. So, you may be tempted to wait for the highest offer/the closest number to your “ideal number,” whether that takes weeks or months.
But there’s something else to consider: how much money does it cost you to hold onto the house? Keep in mind, you’re still paying your mortgage. Depending on how long you have owned the house, you may not even be building equity while paying the mortgage! Plus, you are still paying insurance, still responsible for property taxes, and still responsible for maintenance such as lawn mowing.
This means that you may want to sell as fast as possible instead of selling for as much as possible. If this is the case, get in touch with MarketPro Homebuyers today! As reputable Maryland house buyers, we’d love to make you a fair, no obligation, all-cash offer.