Relocation is a complicated exercise in coordination. We get local Baltimore 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 Baltimore“. 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 Baltimore MD 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 Baltimore, 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 Baltimore MD house fast?
Relocating And Need To Sell My House Fast In Baltimore… Your Options And Steps
First…
- Find out what your house is worth:To obtain an accurate valuation of your property, you have two options. Firstly, you can reach out to a reputable real estate agent who can assist you in this process. Alternatively, you can connect with us, and we will provide you with a no-cost, no-obligation valuation of your property. Knowing the potential selling price of your house in the current market will establish the foundation for determining the duration you may be able or willing to sell the house for.
- Decide how fast you need to sell your house after you relocate: This is a significant aspect to consider. We have witnessed cases where professionals who relocated out of state for a job had their houses listed on the market for more than a year, eventually selling them at significantly lower prices than they had anticipated. It is crucial for you to determine the urgency with which you need to sell your house and how long you are willing to continue making two mortgage payments, insurance payments, and other related expenses.
- Find a solid real estate agent BEFORE you start packing boxes: Take proactive action early on to avoid unnecessary delays. Every month you wait or it takes to sell the house translates into financial losses. Alternatively, if you prefer not to engage a real estate agent for the sale, we are a reputable local house buyer, and we are eager to present you with a fast and 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!: Once you have made a decision, it is essential to take decisive action. If you choose to pursue the real estate agent route, that’s fantastic! Seek out a reputable local agent in Baltimore, MD. However, if you prefer to avoid waiting and paying real estate agent commissions, selling your house to us may be a viable alternative.
If you have a lot of time and a truly exceptional property, you may consider testing the market by offering it at a high price. There’s always a small chance that someone may fall in love with it and be willing to pay above market value, as people can sometimes make unconventional decisions when driven by strong emotions.
However, it’s important to recognize that most properties are fairly average and tend to resemble the surrounding houses. Just as neighbors often share similarities, houses in the same area typically have comparable features. Unless your property is genuinely exceptional, like one you would find in a magazine, pricing it at the highest point won’t necessarily yield the highest financial return.
Another strategy is to market your property for both rent and sale simultaneously, observing which option generates interest first. It’s crucial to maintain control over the process, as it can be confusing even for experienced real estate brokers.
In certain situations, we may collaborate with property owners to secure lease option agreements. This arrangement allows highly qualified buyers to rent the property for a predetermined period before purchasing it.
Additionally, we can assist with loan renegotiation, help with monthly payments, or facilitate a short sale with a bank in specific cases. We take pride in helping individuals navigate complex problems, and we believe that creative solutions can bridge the gap and help you reach your desired outcome.
Who is Ispolinix LLC and how can we help you if you’re relocating and need to sell In Baltimore?
We’re investors. We support our families and beautify neighborhoods by buying houses from Baltimore 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
- 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 Baltimore community.
We’re honest and straightforward.
We’ll quote you a fair price with one more more options tailored to your situation.
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 Baltimore real estate, so please feel free to call us at 1-800-450-1779 and chat with us anytime.