Are you selling a house for job relocation and wondering what your options are? At The Red Door Guys, we buy houses in Richmond, VA, for cash, no matter the condition.
Consider all the following factors when looking to relocate. We make the entire process easy, fair, and fast. Why go through all the stress of traditional selling methods?
Factors To Consider Before Selling
Consider the following tips for selling your home for optimized returns.
Establish Home Value
If you purchased your home in the last couple of years, you risk losing money on the sale. Establishing the market value of your home should constitute your first step.
When selling using the traditional process, expect to lose between 6% and 10% in expenses. Selling for cash prevents these losses.
Examine the Relocation Package
If you’re relocating for work, your company may offer a compensation package. This can save you some costs or help you sell your home on a faster timeline.
With the average relocation distances expanding, moving costs continue to rise. You’ll likely spend around $5,000.
You’ll pay out of pocket for any moving expenses your relocation package doesn’t cover. You won’t have to pay for a real estate agent, inspection, or staging when you sell your home for cash. You’ll have more money to use for moving.
Consider Capital Gains
When selling a house for job relocation, you’ll pay capital gains tax if you make more than $250,000 (or $500,000 for married couples filing jointly) on the sale of your home. If you think you’ll qualify for these expenses, you should factor that into the profits you can expect from selling your home.
Moving Expenses Deductions
If you were hoping you could deduct moving expenses, you probably haven’t heard about the changes. As of 2018, only active duty military members relocating for military orders can claim moving expenses. This can significantly affect the profit you take from the sale of your home, which should help you determine the best method for selling your home without losing money.
Market Factors
The housing market can change rapidly, shifting from favoring sellers to buyers. For relocation, you won’t have the benefit of waiting until the market turns to your advantage. If you’re in a buyer’s market, paying selling expenses can reduce your profit to almost nothing.
Consider Selling for Fast Cash
Are you worried about losing money on your house? Do you have a restricted timeline? The Red Door Guys can solve your problems.
We buy houses in any condition, and you’ll never pay any fees or other costs. You’ll always obtain a fair price. We can complete the entire process in just several days.
The Red Door Guys Buy Homes in Any Condition
When selling a house for job relocation, you can get a cash offer from The Red Door Guys. You’ll worry less about factors like home sale contingency or selling expenses. Obtain your cash fast to start the next phase of your life.
To book a consultation, call (804) 395-7355.