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 Oregon right now!).
There’s an insane amount of details to keep together, plus the stress of whatever is making you move in the first place – often it’s a new job or a sick relative, but the true need to move always comes with a dramatic change.
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 r
It’s best to avoid owning and maintaining an empty house for 2 years and having to pay for it. This can be costly, but it’s avoidable. If you can’t find tenants for longer than a year, consider renting out the house as a short-term rental instead. You can still make money from it, but you won’t have to worry about long-term maintenance costs or being responsible for frequent repairs.
The market in Portland is currently stable. However, past experiences have shown that market conditions can suddenly change. It’s important to act quickly in such situations, especially for individuals with limited financial resources.
So how do you make the right choices when you’re relocating and need to sell your Portland Oregon house fast?
Relocating And Need To Sell My House Fast In Portland… Your Options And Steps
- Find out what your house is worth:You have two options to determine your property’s value. You can either get in touch with a reliable real estate agent, or you can reach out to us for a no-cost, no-obligation valuation of your property. Knowing the current market value of your house will help you decide the duration for which you are willing to sell it.
- Decide how fast you need to sell your house after you relocate: Selling a house can take a lot of time and may not go according to plan. I know of some professionals who relocated for work and their house remained on the market for over a year. Eventually, they had to sell it for a significantly lower price than they initially hoped for. To avoid this, it’s important for you to determine how quickly you need to sell your house and how long you can afford to keep making payments for two mortgages and insurance.
- Find a solid real estate agent BEFORE you start packing boxes: To avoid losing money, it’s best to start the process of selling your house as soon as possible. Waiting months or delaying the help of a real estate agent can cause financial loss. Alternatively, we are a trustworthy local house buyer and can provide a quick and 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: Selling a house for the highest price possible is desirable for everyone. However, it is often overlooked that determining the cost of holding onto the property is equally important. 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!: Make a decision and act on it. If you prefer to use a real estate agent, find a respected local agent in Portland, Oregon. However, if you don’t want to wait or pay commission, selling your house to us might be a viable option.
If you have a lot of time and a stunning property, you can try putting it on the market at a high price to gauge interest. While unlikely, someone might fall in love with it and be willing to pay more than its worth. People can do unexpected things when they’re passionate.
Unless your property is exceptional and looks like a magazine cover, it may not be a good idea to price it at the highest point as most properties are average and similar to the surrounding houses. Similar to people living near each other who tend to have commonalities. If you price your property too high, it could remain on the market for a long time without any interest. Therefore, pricing it according to the market value would be more beneficial in terms of getting buyers’ attention and eventually selling your house.
To increase your chances of success, try marketing your property for both rent and sale simultaneously. However, it’s important to keep a firm grip on the process as this may be confusing for even experienced real estate brokers. You will need to clearly communicate your preferred scenarios and the best way for interested parties to interact with you. Additionally, make sure that all offers are fulfilled in a timely manner and consider using an attorney or other legal professional to review any contracts before entering into an agreement. Finally, stay up-to-date on real estate trends and regulations in your area, and take steps to ensure that your property is well-maintained and attractive to potential buyers or renters. With careful planning and research, you can successfully market a property for both rent and sale.
Sometimes, we work together with property owners to facilitate lease option agreements. These agreements allow well-qualified buyers to rent the property for an agreed-upon amount of time before purchasing it. This gives buyers an opportunity to test the property out, save for a down payment, and make sure it’s a good fit before taking on the responsibility of owning a home. We also help clients find potential tenants who are reliable and responsible; this is critical for lease option agreements as both tenants and buyers must be held accountable in order to be successful.
Sometimes, we can assist with loan renegotiation, monthly payment management, or facilitate 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 PDX Home Buyers And How Can We Help You If You’re Relocating And Need To Sell In Portland?
As investors, we buy houses from homeowners in Portland who need to sell quickly for various reasons. Our goal is to support our families and improve neighborhoods.
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 are willing to hire professionals and wait, it is possible to manage your property sale from a remote location. This approach may be beneficial in some situations but carries some level of risk.
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 (503) 893-9107 and chat with us anytime.