Job relocation is exciting, but it also means you need to sell your current house—often quickly. Whether you're moving across the state or across the country, understanding your options can help you avoid financial stress.
The Relocation Timeline Challenge
When relocating for work, timing is everything:
- You often need to start the new job within weeks
- You can't wait 60-90 days for a traditional sale
- You may need to buy a new house before selling the old one
- Double mortgage payments drain your finances fast
Why Speed Matters
Every month you own two houses costs you:
- Two mortgage payments: $2,000-4,000+
- Two sets of utilities: $300-600
- Two property tax bills: $200-400
- Two insurance policies: $200-400
- Maintenance on the old house: $100-300
That's $2,800-5,700+ per month in extra costs. Speed matters.
Your Selling Options
1. Traditional Real Estate Listing
Works if you have time, but:
- Takes 60-90 days minimum
- Requires you to maintain the property from afar
- Showings are difficult when you're out of state
- You may need to fly back for closing
2. Cash Buyers (Best for Relocation)
Ideal because:
- Close in 7-14 days
- No showings needed
- We handle everything remotely if needed
- You can close before you move or after
- No double mortgage payments
Managing the Property from Afar
If you move before selling, you face challenges:
- Maintaining the property is difficult
- Showings require coordination
- Repairs need local contractors
- You can't be there for inspections or closing
Cash buyers can handle everything remotely, making this much easier.
Relocation Packages
Some employers offer relocation packages that include:
- Home sale assistance
- Buyout programs
- Moving expenses
Even with these benefits, cash buyers can often work faster than traditional sales, helping you avoid delays.
Tax Considerations
When relocating for work:
- Moving expenses may be deductible (check with a tax professional)
- Home sale may qualify for capital gains exclusion
- Timing of sale can affect your tax situation
Making the Decision
For job relocations, cash buyers typically make the most sense because:
- Speed prevents double mortgage payments
- Simplicity works when you're managing a move
- Remote handling is possible
- Certainty helps with planning
Getting Started
If you're relocating for work and need to sell your house, start early. Get a cash offer as soon as you know you're moving. This gives you options and helps you plan your timeline.
We've helped many homeowners sell quickly when relocating for work. We understand the urgency and can work with your timeline, whether you need to close before you move or after you've already relocated.
Call us at (828) 677-2776 or get your free cash offer.
Author: We Buy Houses In Carolinas