Relocation can be a complicated exercise in coordination. We get local Vancouver B.C. 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 Vancouver B.C. “. The great thing is that we’re able to help many of those sellers sell their house quickly (because we’re actively buying houses in Vancouver B.C. British Columbia right now!).
There can be a huge number of details to keep together, plus the stress (or preferably excitement!) of whatever is making you move in the first place – often it’s a new job, new relationship or a sick relative, but the true need to move always comes with a dramatic change.
So how do you make the best 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 months or even years after you’ve moved. That can be expensive and it doesn’t have to be that way.
Although the market has been great and is relatively stable right now in Vancouver B.C. , things can change in the blink of an eye. We’ve seen some major up and downs over the past few decades. Unless you’re financially well-off, you probably can’t afford to wait it out if you need to sell fast and leave town.
So how do you make optimal choices when you’re relocating and need to sell your Vancouver B.C. British Columbia house fast?
Relocating And Need To Sell My House Fast In Vancouver B.C. … Your Options And Steps
- Find out what your house is worth: To do this you can contact a reputable real estate agent, house appraiser or connect with us and we can give you a valuation on your property with no cost or commitment. Once you have gotten a picture of what the house may be able to sell for in the current market… that can set the basis for how long you may or may not be able (or willing) to sell the house.
- Decide how fast you need to sell your house after you relocate: This is a major factor. We’ve seen professionals who moved out of province for a job and had their house on the market for over a year before selling it for a much much lower price than they hoped. Decide how fast you need to sell your house… and how long you’re willing to keep making 2 mortgage payments, insurance payments, as well as how much extra time you have to manage another property. If you can afford to make two payments, or are able to hold onto the property as a rental and have the time to manage it then you’re probably in a more favourable position.
- Find a good real estate agent BEFORE you start packing boxes: Get the process started early so you don’t waste any time. Every month that you procrastinate and every month that it takes to sell the house could end up costing you money. If you don’t want to use a real estate agent to sell… we are a reputable local house buyer and we’d love to make you a fast-fair all cash offer. 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 would like to sell our houses for as much as possible. However one thing many people forget to do is come up with the dollar amount of how much it costs you to hold onto the 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 that time, etc. So the actual 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… don’t procrastinate, take action. If you want to go the real estate agent route, great! Find a reputable local Vancouver B.C. British Columbia agent. Feel free to give us a call and we would b happy to recommend a great agent. If your situation does not give you the luxury of being able to wait, or allow room to pay real estate agent commissions… then a viable option may be to sell your house to us.
If you have a lot of time on your side and a really great property, you might want to test the market by listing at an above average price. In a heated market like we saw locally in 2016 properties do sometimes sell for above asking price. There’s a small chance someone might just fall in love and be willing to overpay – people do crazy things for love.
I reality though, most properties are pretty average. They tend to be like the other houses around them, in a similar way that people who live near each can have a lot in common too. So unless your property is truly exceptional, as in magazine-quality extra-special, you likely won’t get the highest price in the market by pricing well above the competition.
You can also try to market your property for rent and sale at the same time, just to see what happens first. This only works though is being a landlord is a good option for you, and you have to maintain control of the process though, which can confuse even seasoned real estate brokers.
In some 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. This approach can take a lot of pressure off an owner who is stuck with an unwanted property.
In other cases, we may help renegotiate a loan, help make monthly payments or conduct a short sale with a bank.
A large part of our business is helping people solve complicated problems.
Creative solutions can bridge the gap to get you where you need to be.
Who Is Lifemark Properties And How Can We Help You If You’re Relocating And Need To Sell In Vancouver B.C. ?
We’re investors. We support our families and beautify neighborhoods by buying houses from Vancouver B.C. 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 Vancouver B.C. 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 Vancouver B.C. real estate, so please feel free to call us at (604) 961-6765 and chat with us anytime.