Moving is a challenging coordination exercise. Every week we receive calls from local Spokane home sellers who say, “I’m relocating and need to sell my house in Spokane” or submit their home information on this website. The good news is that, because we are currently actively purchasing homes in Spokane Washington, we can assist a good number of those sellers in selling their homes quickly. The stress of whatever is driving you to relocate in the first place—typically a new job or a sick relative—combined with the overwhelming number of details to manage always results in a significant change.
So how do you make the most out of a difficult situation?
Organize, Don’t Agonize
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 Spokane, 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 Spokane Washington house fast?
I need to sell my house quickly in Spokane because I’m moving. What are my options and next steps?
First…
- Find out the value of your home by getting in touch with a trustworthy real estate agent or getting in touch with us, who can provide you with a free, no-obligation appraisal.The basis for determining how long you may or may not be able or willing to sell the house is established once you have an idea of what the house might sell for in the current market.
- One important consideration is how quickly you need to sell your home after moving. I have witnessed professionals who relocated out of state for work put their home up for sale for more than a year before selling it for a significantly lower price than they had anticipated. Determine how quickly you need to sell your home and how long you can continue to make your insurance, mortgage, and other payments.
- Before you begin packing boxes, find a trustworthy real estate agent: Start as soon as possible to avoid wasting time. You lose money each month you wait or each month it takes to sell the house. We are a trustworthy local home buyer, and we would be happy to make you a quick, fair, all-cash offer if you don’t want to sell through a real estate agent. Just fill out the form through this link to get started >>
- Evaluate the financial implications of selling your house quickly versus waiting for an ideal price: It is a common aspiration to sell one’s home for the highest possible amount. However, many individuals overlook the calculation of the expenses associated with retaining ownership of the property. These expenses encompass the mortgage (particularly if you are within the initial ten years of the loan, during which a significant portion of your payments is allocated to interest rather than principal), insurance, property taxes, maintenance, and other related costs. For instance, if you aim to sell your house for $200,000, and your monthly mortgage payment is $1,200, with additional costs of $200 for taxes, $100 for insurance, and $100 for maintenance (including lawn care and necessary repairs during your absence), it is essential to consider these ongoing expenses.The total monthly expenses amount to $1,600, categorized as “non-equity building” costs. If the process of selling your house through a real estate agent takes seven months and you achieve a sale price of $200,000, you will incur $11,200 in direct “holding costs” along with $12,000 in real estate agent commissions (assuming a 3% fee for both the buyer’s and seller’s agents). This results in a total loss of $23,200. Furthermore, this figure does not take into account the value of your time, the stress associated with having the property on the market, or the opportunity cost of alternative uses for that capital during the seven-month period. Consequently, the actual cost to you may be closer to $30,000.
However, consider the scenario where you sell your house next week, thereby circumventing these expenses. Even if you were to sell at a reduced price of $175,000, you would still benefit by selling now to a home buyer like our company, rather than waiting seven months to sell at full price while incurring holding costs and agent fees. Does this make sense? - Take action!: Regardless of your choice, it is essential to make a decision and proceed with it. Should you opt for the route of a real estate agent, that is excellent. In that case, seek out a reputable agent in your local Spokane, Washington. Alternatively, if you prefer to avoid waiting and the associated real estate agent commissions, selling your house to us could be a suitable option.
If you possess ample time and an exceptional property, it may be worthwhile to explore the market by listing it at a premium price. There exists a slight possibility that a buyer may develop a strong attachment and be inclined to pay more than the asking price—individuals often act irrationally when it comes to matters of the heart.
In reality, most properties are rather ordinary. They typically resemble other homes in the vicinity, much like the commonalities shared among neighbors. Therefore, unless your property stands out as truly remarkable—akin to something featured in a magazine—setting the price at the highest level may not yield the maximum return in the market.
Additionally, you can gain an advantage by simultaneously marketing your property for both rent and sale to observe which option materializes first. It is essential to retain control over the process, as this can often perplex even experienced real estate professionals.
In certain circumstances, we may collaborate with property owners to establish lease option agreements, allowing highly qualified buyers to rent the property for a predetermined period prior to making a purchase.
In other instances, we may assist in renegotiating a loan, facilitating monthly payments, or executing a short sale with a financial institution.
We take great satisfaction in aiding individuals in resolving complex issues.
Innovative solutions can effectively bridge the gap to help you achieve your objectives.
Who is REI Branded Home Buyer, and how can we assist you with your relocation and property sale in Spokane?
We are investors dedicated to enhancing our communities and providing support to families by purchasing homes from homeowners in Spokane who require a swift sale for various reasons.
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 in extreme situations)
- Prefer to avoid the complications associated with engaging a real estate agent for property listing.
- Don’t want to pay real estate agent fees
- Many homeowners are unable to sell their property due to various reasons (we purchase homes in their current condition).
- … and a variety of other reasons
We are individuals driven by passion, and we hold a strong belief in the community of Spokane.
Our approach is characterized by honesty and transparency.
We will provide you with a competitive quote and are capable of facilitating a swift cash transaction. If you are willing to wait and can engage professionals to assist you, it is possible to manage the sale of your property remotely. In some cases, this approach may yield significant benefits.
We are eager to assist you in addressing your most challenging inquiries regarding real estate in Spokane. Do not hesitate to reach out to us at 509-769-3439 for a conversation at your convenience.