In some instances, you will need to move to a new location before your old house sells. You might have a job offer that you love in another city, or you might need to move to take care of an elderly relative. In any case, moving to another house before your old house sells can be a problem, but it can also be a tremendous opportunity.
Your House Hasn’t Sold Yet
Homes do not sell quickly for many reasons. The housing market may favor buyers. Interest rates may have risen, making the house out of reach for your potential pool of home buyers. Your house may also need work, scaring away buyers. The house may also have other issues that can be less than ideal for buyers including a location next to a cemetery, a busy street or another place that buyers do not find congenial. It may also be because you are selling at a time such as winter when there are simply only fewer buyers.
Getting the House Ready
Moving out of your home before you’ve sold can be a great opportunity. You can now move all of your stuff from the house. One moving company (http://www.cheapmoverslasvegas.com) points out that if you don’t yet have established living arrangements in your new hometown, you can always have the moving company place your non-essential belongings in temporary storage. Then, once you’ve found a place to call home, they can deliver the items to you. Clearing out the house now means this is the perfect time to make any necessary changes to the property. You can paint it soft neutral colors buyers like. You can also make any needed repairs that you might have otherwise put off because they might have been too disruptive. Now is the perfect time to pull up stained carpeting, level out tilted floors and install entirely new windows.
Keeping an Eye on the House
Once you are no longer living in your house, you’ll also want to take steps to make sure that the house remains safe when you’re not there. You may need to rethink your homeowner’s insurance policies as your insurance may not cover you if you’re not there. Consider asking the neighbors to keep an eye on the property, especially if you are moving long distance and will not be in the area yourself.
If your unsold home is a drag on your finances, then it’s time to look for ways to reduce your costs. For most homeowners, this means putting in a tenant. Putting a tenant in your home has many advantages but a few drawbacks. On the plus side, you’ll be able to rent out your home and avoid paying two mortgages. A tenant can help you take care of the property and alert you if something has gone wrong immediately. At the same time, a tenant may require additional costs. You’ll have to draw up legal contracts that are binding. You will have to put their deposit in an escrow fund. Showing a house when someone is already living there can be complicated requiring at least a day’s notice. But it may be worth it to help avoid fiscal problems.