Relocation is a complicated exercise and can get quite hectic to coordinate. We get local Edmonton 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 Edmonton fast“. 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 Edmonton and Calgary).
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.
We know that things can change in the blink of an eye, especially in the real estate market. 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 thinking about ‘I need to sell my house in Edmonton fast?
Relocating And Need To Sell My House Fast In Edmonton – Your Options And Steps
First…
- Find out what your house is worth: To do this you can contact a reputable real estate agent or connect with us if you are open to accepting what investors are paying in your neighbourhood these days. Consider connecting with more than one real estate agent and getting their input on the price point for your home instead of sticking with the first number that you hear. 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 / willing to sell the house, and whether you want to sell it privately or go with a real estate agent.
- Decide how fast you need to sell your house after you relocate: This is a biggie. We have seen people who moved out of state for a job who 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. If this is stressful and has you googling “sell my house in Edmonton fast”, then listing the house may not be the best solution for you. It may be more beneficial for you to look into the flexibility that a private sale to a cash buyer offers offers when it comes to closing dates. Being in more control of time allows you to potentially avoid having to pay holding costs because you can set closing according too when you are relocating, instead of what a buyer offers on the market.
- Find a solid real estate agent BEFORE you start packing boxes: Get the ball rolling early so you don’t waste any time. Every month that you wait or every month that it takes to sell the house, it costs you money. If you want to give your property the best chance it can have of selling in time, then meet a handful of agents and talk through their processes and potential plans for the sale of your house, gauging their capabilities and experience. Some real estate agents may suggest making some updates or repairs before they put the house on the market, so that is something else you should keep in mind as well. Or, if you don’t want to use a real estate agent to sell your property, you can connect with professional cash house buyers like us at Alberta Property Buyers, and avoid going through the whole ordeal entirely. Just fill out the form 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 is interest and hardly going to principal at all), the potentially breaking the mortgage, insurance, taxes, maintenance, etc. Let’s 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, around $150/mo for utilities (there are base charges even if the property is vacant), and $100/mo for maintenance (lawn maintenance, repairs while you’re gone, etc.). Those expenses add up to $1,750/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 costs you $12,250 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). Totalling $24,250 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 had the option to sell your house as early as within the next two weeks 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 cash 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!: Whatever you decide, decide and take action. If you want to go the real estate agent route, great! Find a few reputable local Edmonton agents, and pick the one that you feel the most confident in. If you’d rather not have to wait and not have to pay real estate agent commissions or any of the holding costs potentially for months, and if you have been searching for ways to ‘sell my house in Edmonton fast‘, then a viable option may be to sell your house to us.
Another option you can consider is to try and market your property for rent and sale at the same time, just to see what happens first. This is something that you are able to do if you are selling on the market. However, you have to maintain control of the process, which can confuse even seasoned real estate brokers.
We love helping people solve complicated problems.
Creative solutions can bridge the gap to get you where you need to be.
Who Is Alberta Property Buyers And How Can We Help You If You’re Relocating And Need To Sell My House In Edmonton?
We are cash house buyers. We support our families and beautify neighbourhoods by buying houses from Edmonton 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 the hassle of listing a property with an agent and are okay with selling for less than market value,
- Can’t sell their house for one reason or another (we buy houses in as-is condition),
- Own a property that needs too much work or is too outdated to interest end buyers,
- Are approaching foreclosure and are in danger of losing their home and equity,
- Have something happening in their personal lives that is pushing them towards selling,
- Or a variety of other reasons.
But we’re passionate people, and we believe in the Edmonton community.
We’re honest and straightforward.
If you’re prepared to wait and can hire an agent to help, you can manage the sale of your property from a distance. In certain circumstances that risk can pay off. In others, it may end up being much tougher than being in the same area as the property that you are selling.
We’re happy to help you find answers to your toughest questions about Edmonton real estate, so please feel free to call us at 403-768-2290 and chat with us anytime. We can be the solution to your ‘sell my house in Edmonton fast’ dilemma.