Relocating can be a daunting and intricate process filled with numerous logistical challenges. Each week, we hear from numerous local homeowners in Lehigh Valley who reach out to us or are actively submitting their house info on this website, often expressing sentiments like, “I’m relocating and need to sell my house in Lehigh Valley“. The good news is that we have successfully assisted many of these sellers in quickly selling their homes because we are currently in the market for houses in Lehigh Valley, PA.
The complexity of managing a move is compounded by the stress associated with the circumstances prompting the relocation—whether it’s a new job opportunity, the need to care for a sick family member, or another life-altering event. Therefore, the question arises: how can you maximize your chances of a successful sale amidst such chaos?
So how do you make the most out of a difficult situation?
Don’t Agonize – Organize.
One key to managing this situation is to avoid prolonging your property ownership, which can lead to the financial burden of maintaining an unoccupied home for years. This situation can quickly escalate in cost, and it is unnecessary.
While the current market in Lehigh Valley appears stable, conditions can shift rapidly. We’ve all heard the horror stories from the past two decades about sellers who regretted their decision to wait. Unless you have substantial financial resources, sitting tight while hoping for a better offer is often not a viable strategy.
So, how can you navigate the challenges of needing to sell your Lehigh Valley PA house fast?
Relocating and Need to Sell My House Fast in Lehigh Valley: Your Action Plan
First…
- Determine Your Home’s Value: Start by assessing the value of your property. You can either reach out to a reliable real estate agent or contact us for a no-cost, no-obligation valuation of your house. Understanding your home’s potential market value will help inform your decisions about how quickly you may need to sell.
- Establish Your Timeline for Selling:
This aspect is crucial. We’ve seen professionals relocate for jobs who ended up listing their homes for over a year, ultimately selling for significantly less than anticipated. Clarify your timeline and how long you are willing to manage multiple mortgage payments, insurance costs, and other expenses. - Secure a Competent Real Estate Agent Before You Pack:
Don’t delay! Initiating this process early will save you time and money. Each month that drags on or each delay in selling your property costs you money. If you prefer not to work with an agent, remember that we are a respected local home buyer eager to provide you with a fast, fair cash offer. Just fill out the form through this link to get started >> - Weigh the Costs of Selling Quickly Against Waiting for Your Ideal Price: While we all wish to maximize the sale price of our homes, it’s essential to calculate the true cost of holding onto your property. Consider expenses such as mortgage payments, insurance, taxes, and maintenance. For instance, if you aim to sell your home for $200,000 but incur $1,600 monthly in holding costs, waiting seven months to sell at that price could cost you over $23,000 when you factor in agent fees. By selling your house now, even at a lower price (for example, $175,000), you could avoid these significant holding costs. Selling quickly may prove to be the more financially sound option, allowing you to move on without additional stress. For instance, if you plan to sell your house for $200,000 and your monthly mortgage payment is $1,200, with property taxes at $200, insurance costing $100, and $100 for maintenance (such as lawn care and necessary repairs), your total monthly expenses would be $1,600. If it takes seven months to sell that house through a real estate agent at the $200,000 price point, you would incur $11,200 in direct holding costs, along with approximately $12,000 in real estate agent fees (assuming a 3% commission for both the buyer’s agent and the seller’s agent). This adds up to a total loss of $23,200. This figure does not take into account the value of your time, the stress associated with having your property sit on the market, or the opportunity cost of what you could have been doing with that money over those seven months. In reality, the total cost could be closer to $30,000. Now, consider the alternative: what if you sold your house next week and avoided all these expenses? Even if you sold for a lower price, say $175,000, you would still come out ahead by selling the house NOW at a discount to a home buyer like our company, rather than waiting seven months for the full asking price and incurring additional holding costs and real estate agent fees. Does that make sense?
- Take Decisive Action: Whichever path you choose, make a clear decision and follow through. If you want to work with a real estate agent, that’s great—just ensure you find someone reputable in Lehigh Valley, PA. On the other hand, if you prefer to skip the waiting game and avoid agent commissions, consider selling your home 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 gain an advantage by marketing your property for both rent and sale simultaneously, allowing you to gauge interest and see which option generates a response first. This strategy not only maximizes exposure but also keeps you in control of the situation. However, managing both processes can be complex, and even experienced real estate brokers may find it challenging to navigate the nuances involved.
In some instances, we collaborate with property owners to establish lease option agreements. This arrangement allows highly qualified buyers to rent the property for a predetermined period before they make a purchase. This approach benefits both parties: sellers can secure a steady rental income while buyers have the opportunity to test the property before committing to a sale.
Additionally, we can assist in renegotiating a loan or facilitating monthly payments to ease your financial burden during the selling process. If necessary, we can even help you conduct a short sale with the bank, providing you with a viable solution if you’re facing financial difficulties.
Our passion lies in helping individuals overcome complicated situations related to real estate. We understand that every homeowner’s needs and circumstances are unique, and we’re dedicated to finding tailored solutions that work for you.
Creative strategies and innovative solutions can bridge the gap between your current situation and your future goals, enabling you to navigate the often turbulent waters of real estate transactions with confidence. Our goal is to support you every step of the way, ensuring that you reach your destination smoothly and efficiently. Whether you need guidance on selling, renting, or managing your property, we’re here to help you find the best path forward.
Who Is iBuyLehigh And How Can We Help You If You’re Relocating And Need To Sell In Lehigh Valley?
We’re investors. We support our families and beautify neighborhoods by buying houses from Lehigh Valley 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 Lehigh Valley 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 Lehigh Valley real estate, so please feel free to call us at (484) 549-0019 and chat with us anytime.