What to Know About Relocating for a Job & Selling Your Home

When you bought your home a few years ago, you thought it would be a great investment for you and your family. Now, however, you’ve been offered an exciting new job and have to relocate in a very short amount of time. How are you supposed to pack all of your belongings, hire movers, find a new place to live, and sell the property you own on an expedited timeline?

One of the best options to free yourself of the responsibility of your current home and move on to the other tasks of relocating is to sell your house to a cash buyer. Home investors who give you cash for your home have extensive experience in helping out people who are relocating for a new job. Let’s take a look at everything that you need to know when you’re in that situation and need help selling your home quickly.

Ask About Relocation Assistance

Before you start spiraling out of control thinking about how you’re going to manage and afford everything that goes with relocating for a job, ask your new employer about job relocation assistance. Many companies have budgets set aside for helping new employees relocate. According to a 2019 Atlas Van Lines survey, 9 out of 10 companies even indicated that their employee relocation budgets held steady or increased from the previous year.

This means that if your new company regularly asks its new hires to relocate, they probably have the money set aside to help them do that. Typical relocation packages cover the cost of:

  • Hiring professional movers
  • Shipping belongings to your new home
  • Your travel to the new location
  • Storage
  • Temporary housing or rentals

In addition to these more common items that employers cover, some also cover the costs associated with selling your home and buying a new one. When you’re asking about what they may cover for your relocation, you should also ask if it will be given as a lump sum payment, a partial reimbursement, or a full reimbursement. This will help you plan for how you will manage your move.

Don’t be afraid to put your negotiating hat on to get the relocation package that you need. Even if your new employer doesn’t have a formal relocation policy, you can present a proposal with specific dollar amounts for what you’re likely going to have to spend on your move. Just as you may negotiate your salary or benefits when you accept a new position, you can negotiate a relocation package as well.

Rely on Cash House Buyers

If your new employer isn’t going to offer financial help with selling your home, you can still sell your home quickly and for an appropriate price when you sell your house for cash. One of the best benefits of working with a company that will buy your home for cash is that it happens very quickly. The average length to sell a home on the traditional real estate market is 65 days, which is just over two months. This is because you’ll need to find a realtor, prepare your house for sale, show it to potential buyers, and wait for the buyer to be approved for a mortgage. It can take even longer if you need to make repairs to your home to get it to sell.

When you sell your house to a home investor, you can skip all of these steps. The investor will take your home as-is, so you don’t have to spend time or money on home improvements. You won’t have to wait for a realtor to find a buyer because the real estate company you’re selling it to is the buyer. Since the sale will be done in cash, you also don’t have to wait for them to be approved for a loan. All in all, selling your home to a professional real estate investment company can take as little as seven to 10 days. This gives you the money you deserve for your property while setting you free to move to your new city.

Are you ready to save time, money, and stress while you relocate for a new job? Consider participating in a cash for homes program that will eliminate the burden of homeownership and allow you to start the next chapter of your life with a new job in a new city. Contact Problem Property Pals today to learn more about how you can sell your house to us for cash.

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