Relocation is a complicated exercise in coordination. We get local Portland 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 Portland“. 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 Portland ME right now!).
Balancing the myriad of details can be a formidable challenge, compounded by the anxieties linked to the circumstances driving your move, which frequently involve factors like a new job or an ailing relative. Nonetheless, the urgent need to relocate often arises from a significant life change, prompting many to seek out cash home buyers who can help them sell their house fast for cash.
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.
Although the market is relatively stable right now in Portland, things can change in the blink of an eye. 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 need to sell your Portland ME house fast?
Relocating And Need To Sell My House Fast In Portland… Your Options And Steps
First…
- Determining the worth of your house is a crucial step. You can do this by contacting a reputable real estate agent, or you can reach out to us for a no-cost, no-obligation property valuation. Once you have a clear understanding of your house’s potential selling price in the current market, you can make an informed decision on how quickly you need or want to sell your property.
- The urgency of selling your house post-relocation is a significant consideration. Waiting too long can lead to unwanted costs, as I’ve witnessed professionals who relocated for a job experience. Some had their homes on the market for over a year, eventually selling at a much lower price than they had hoped for. Deciding how fast you need to sell your house and how long you’re willing to continue managing two mortgage payments, insurance, and other expenses is key.
- Getting a solid real estate agent on board before you start packing your boxes is a proactive step. Starting the process early minimizes the risk of wasting time and incurring monthly expenses. However, if you prefer a different approach, we are a reputable local house buyer and can make you a fast, fair all-cash offer, saving you both time and money. Just fill out the form through this link 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 interest and not hardly going to principal at all), insurance, taxes, maintenance, etc.Lets 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, and $100/mo for maintenance (lawn maintenance, repairs while you’re gone, etc.).Those expenses add up to $1,600/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 cost you $11,200 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).Totaling $23,200 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 were to sell your house next week 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 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 reputable local Portland ME agent. If you’d rather not have to wait and not have to pay real estate agent commissions… then a viable option may be to sell your house to us 🙂
If you’ve got a lot of time on your side and a really great property, you might want to test the market by offering it out at a high price. There’s a small chance someone might just fall in love and be willing to overpay – people do crazy things for love.
Most properties are pretty average, in reality. They tend to be like the other houses around them, in the same way that people who live near each other tend to have a lot in common too. So unless your property is truly exceptional, as in magazine-quality extra-special, you won’t capture the most money in the market by pricing at the highest point.
You can also win by marketing your property for rent and sale at the same time, just to see what happens first. You have to maintain control of the process, which can confuse even seasoned real estate brokers.
In certain situations, we may partner with property owners to help secure lease option agreements where highly qualified purchasers rent the property for an agreed time before buying.
In other cases, we may help renegotiate a loan, help make monthly payments or conduct a short sale with a bank.
We love helping people solve complicated problems.
Creative solutions can bridge the gap to get you where you need to be.
Who Is Cash Offer Maine And How Can We Help You If You’re Relocating And Need To Sell In Portland?
We’re investors. We support our families and beautify neighborhoods by buying houses from Portland 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 (we can close in as little as 7 days if you need us to)
- Don’t want to hassle with listing a property with an agent
- Don’t want to pay real estate agent fees
- Can’t sell their house for one reason or another (we buy houses in as-is condition)
- … or a variety of other reasons
But we’re passionate people, and we believe in the Portland community.
We’re honest and straightforward.
We’ll quote you a fair price, and we can close fast with cash.
If you’re prepared to wait and can hire professionals to help, you can manage the sale of your property from a distance. In certain circumstances that risk can pay off.
We’re happy to help you find answers to your toughest questions about your Portland real estate, so please feel free to call us at 207-200-1847 and chat with us anytime.