Selling a house in anticipation of a job relocation is often exciting since it means new career opportunities and financial resources. However, it can also be just as stressful. If you’re thinking, “I need to sell my house fast in Memphis!” you’ve come to the right place.
Pyramid Properties has you covered with the following tips for selling your house in a pinch.
Assess Your Projected Moving Expenses
A relocation home sale works differently from other property transactions. You might have less time but more financial support if you play your cards right.
Start by adding up the potential costs of the move to create a budget. Once you know what expenses to expect, you’ll have some hard numbers in hand when speaking to your employer.
Ask Your Employer About a Relocation Package
Some companies give their employees relocation packages that cover a few or all moving expenses. Homeownership means you must conduct a job transfer house sale, which looks vastly different than breaking a lease for a rental home. Discuss your needs and projected budget with your employer to come up with a package and moving timeline that works for you.
Consult a Tax Professional
Explore your property’s worth and discuss it with a tax advisor in Memphis, Tennessee. They can outline whether you’ll pay a capital gains tax, based on the circumstances of your move and the property price. Selling a house for a job relocation can be lucrative in multiple ways, especially if you strategize with the right professionals.
Plan a Moving Budget
Selling due to relocation involves a strict budget, a quality that other reasons for moving share. However, the added financial padding from an employer’s package will give you more breathing room. Before officially relocating and selling the home, explore the following expenses:
- Professional moving services vs. rental vehicles
- The cost of closing on your new property, if applicable
- Moving materials like boxes, tape, and protective padding
- Hotel stays for long-distance moves
Since you’re moving for your employer’s benefit, you might discuss the Tax Cuts and Jobs Act of 2018 with your tax advisor to see whether you can deduct these expenses from next year’s filing, assuming your employer doesn’t cover everything.
Work With a Cash Home Buyer
The best way to facilitate a speedy job-move property sale is to contact a cash home buyer. These buyers purchase residential properties in any condition under almost any circumstances. Selling your home faster through a cash buyer often means:
- More money for a down payment or rental fees
- Cash to furnish your new space
- More flexibility with your moving timeline
Selling a House for a Job Relocation? Start With Pyramid Properties!
Don’t stress about selling a house due to job relocation or finding home buyers. Alan with Pyramid Properties is ready and waiting for you to call him today at 901-504-5555. He’s a local cash buyer who purchases houses in Memphis, Tennessee, and he has a cash offer for you.