Relocating can be a stressful experience, especially when you’re unsure what to do with your current home. This is a common concern for many families in Maryland, including military families who may face frequent moves. But don’t worry—we’re here to offer solutions! In this blog, we’ll explore your options when it comes to selling your home and relocating. We’ll walk through the pros and cons of each choice to help you make an informed decision. So, whether you’re relocating due to a job, family, or other reasons, we’ve got you covered!
Get a Cash Offer Within 24 Hours
Lucky for you, we buy houses in Maryland. Our clients love our no-pressure approach. If you’re not completely satisfied with the cash offer we make, you don’t have to accept it. There are no fees and no hidden charges.
We’d love to talk with you about your house and situation. Even if you decide not to sell, we’re here to offer advice. Call us at (240) 415-8290 for more information.
Sell Your House
Selling your home is a great option when relocating. But did you know there are several ways to sell your house? We’ve researched three common methods for selling your home after relocating. Let’s explore each one:
1. Sell Your House Using a Realtor
This is a good option for those who want minimal involvement in the selling process. Realtors handle most of the work for you, but there are some trade-offs.
Pros:
- Ideal if you don’t want to deal with the selling process.
- Realtors manage paperwork and negotiations.
Cons:
- It can take months to close the deal.
- Realtors charge high commissions, which can cost you thousands.
- You may need to make repairs or upgrades before selling.
2. Sell Your House For Sale By Owner (FSBO)
If you have the skills and confidence to sell on your own, this option allows you to be in control.
Pros:
- You control the entire process, including pricing.
- You save on commission fees, potentially making more money.
Cons:
- Requires knowledge of the real estate market.
- You handle all the paperwork, marketing, and negotiations.
Rent Out Your House
Not ready to sell? Renting out your home can be a great alternative. If you’re moving locally, you can become a landlord and earn rental income each month.
Pros:
- Steady monthly income.
- Landlords enjoy tax advantages and mortgage interest deductions.
- Great opportunity to develop management skills.
Cons:
- You’ll need to handle repairs and tenant issues.
- Managing tenants might require legal assistance.
- If moving far away, hiring a property manager can be costly.
Tips for Renting:
- Inspect and renovate the property before renting it out.
- Screen tenants thoroughly to ensure they’re reliable.
- Familiarize yourself with landlord-tenant laws.
- Set aside funds for repairs and maintenance.
- Hire professional cleaners before and after tenant turnover.
