Relocation can be a stressful situation for an individual or family. From even personal experience, we can all agree that moving SUCKS! Just thinking about having to pack stuff up in my house stresses me out! We get local Nashville 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 Nashville“. The great thing is that we’re able to help these sellers sell their house quickly (because we’re actively buying houses in Nashville Tennessee right now!).
There are so many details to juggle, on top of the stress that comes with the reason you’re moving in the first place-whether it’s a new job, a sick relative, or some other major life change, the need to move rarely comes without upheaval, and then….there’s the packing! The packing up part and having to move all your stuff almost seems like rubbing salt in your wounds!
So how do you make the most out of a difficult and stressful situation?
Don’t Agonize – Get Organized!
You don’t want to find yourself stuck paying to own and maintain a vacant house for two years….it adds up quickly, and it doesn’t have to be that way.
Even though the market in Nashville is relatively stable right now, things can shift in an instant. We’ve heard our share of horror stories over the years. Unless you’ve got unlimited funds, waiting it out probably isn’t an option.
So how do you make the right choices when you’re relocating and need to sell your Nashville Tennessee house fast?
Relocating And Need To Sell My House Fast In Nashville… Your Options And Next Steps
First thing, is as they say….first!
- Find out what your current house is worth: To do this you can contact a reputable real estate agent -we do have one on staff that can assist you, 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 to, or willing to sell the house.
- Decide how fast you need to sell your house after you relocate: This is a big point to consider. I’ve seen professionals who moved out of state for a job and had their house on the market for over a year before selling it for a 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 up your home: Get the ball rolling early so you don’t waste time-every month you wait, or every month it takes to sell, costs you money. We do hold an active real estate license at all times with a reputable agent in the area, so if you do want to go the “traditional” route we can most certainly assist with that. If you’d rather not go the traditional route with a real estate agent, we’re a reputable local homebuyer, 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. listing on the market and waiting 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 dollar 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 is towards interest and hardly going to principal), insurance, taxes, maintenance, etc. Here is a scenario: 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. 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? Now I know what you’re thinking…it’s not 1976 anymore! Where on earth does a $200,000 house exist? Well, I’m just using this as an example to it’s easy to track!
- Take action!: My dad always told me, making the decision is always the hardest part. Whatever you decide… decide and take action. If you want to go the real estate agent route, great! Find a reputable local Nashville Tennessee agent. If you do go that route, please give us a call and talk to our licensed agent who can help you if you go that route! 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 full market price. There’s always a chance someone might just fall in love and be willing to overpay – people do crazy things for love.
Most properties, in reality, are pretty average. They usually resemble the other homes around them, just like people who live near each other often have a lot in common. So unless your property is truly exceptional….think magazine-cover special; you’re unlikely to get top dollar by pricing it at the high end of the market.
One smart strategy is to market your property for both rent and sale at the same time, just to see which option gains traction first. Managing that process takes experience and control; it can even throw seasoned real estate brokers for a loop.
In some cases, we partner with property owners to arrange lease-option agreements, where highly qualified tenants rent the property for a set period before buying. In others, we step in to renegotiate loans, assist with monthly payments, or help facilitate a short sale with the bank.
We love helping people navigate complicated situations. With the right creative solution, we can bridge the gap and help you move forward.
Why would anyone sell their house to you instead of just listing it on the MLS?
This is a very common question we get. It is the same question you would ask when selling your car. Why would anyone sell to a dealership or do a trade in when they know the dealership is not going to give them the max value for their car. Simple answer: Convenience. Now imagine how easy it is to sell your car to a dealership, they give you an offer, you accept, and that’s that. Vs going out having to meet people you don’t know and have them test drive your car only to say no thanks! What a waste of time! Now consider a house being exponentially more difficult to sell than a car. It needs more maintenance, more cosmetic work, more everything! So think of our solution to your home sale as “selling to the dealership” It’s EASY!
Who Is Middle TN Home Alliance And How Can We Help You If You’re Relocating And Need To Sell In Nashville?
We’re investors. We support our families and beautify neighborhoods by buying houses from Nashville 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)
- Don’t want people they don’t know constantly walking through their house for showings
- … or a variety of other reasons
But we’re passionate people, and we believe in the Nashville community.
We will be honest and straightforward with you at all times
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, We’re all for it. In certain circumstances that risk can pay off.
We’re happy to help you find answers to your toughest questions about your Nashville real estate, so please feel free to call us at (270) 226-9000 and chat with us anytime.