Relocation can be a complicated exercise in coordination. We get local Bakersfield 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 Bakersfield“. The great thing is that we’re able to help several of these sellers sell their house quickly (because we’re actively buying houses in Bakersfield California right now!).
There can be an overwhelming amount of details to keep track of, plus the stress of whatever is making you move in the first place – which many times is a new job or a sick relative, but the true need to move always comes with some kind of a dramatic change.
So how do you make the most out of a difficult situation?
Don’t Agonize – Organize.
You don’t want to find yourself in a situation where you are forced to pay for and maintain a vacant house for 2 years. That gets expensive quickly, both financially and emotionally. However, it doesn’t have to be that way.
Although the market is relatively stable right now in Bakersfield, things can change in the blink of an eye. We’ve heard some serious horror stories over the past few decades. Remember the mortgage crisis of 2008? Perhaps more specific to Bakersfield, the oil drop in 2015? Now with Covid-19 on the prowl and oil prices taking a plunge, the market could turn any second now. 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 Bakersfield California house fast?
Relocating And Need To Sell My House Fast In Bakersfield… Your Options And Steps
- Find out what your house is worth: To do this you can contact a reputable real estate agent or connect with us and we can give you a no cost no obligation valuation on your property. Many people go to sites like Zillow or Trulia to get their home valuation, but they will never be as accurate as a good real estate agent. Websites like these provide values based on computerized algorithms, which can be dramatically different than the real value. While these sites can be a valuable source of information, we have seen valuations be off by $50,000 to $100,000 from what the property was actually worth. Agents and investors have their finger on the pulse of their market and will have a more accurate number to work with. Once you know what the house may be able to sell for in the current market… that sets the basis for how long you may or may not be able / willing to sell the house.
- Decide how fast you need to sell your house after you relocate: This is very important. We have seen professionals who have moved out of state for a job and had their house on the market for over a year before it finally sold for a much much lower price than they hoped. Decide how fast you need to sell your property… and how long you’re willing to keep making two mortgage payments, two insurance payments, etc.
- Find a solid real estate agent BEFORE you start packing boxes: Get the ball rolling early so you don’t have to worry about wasting any time. Every month that you wait or every month that it takes to sell the house… costs you money in the end. Or 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 want to sell our houses for as much as possible. But one thing many people forget to do is to figure out the $ amount of how much it will cost 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 buyer’s agent and 3% for the seller’s agent). Further, in today’s market many sellers are asked to pay for the closing costs, which could add an additional $8,000. Totaling $31,200 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 $40,000. However, 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 (let’s 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… it is a good idea to take action. If you want to go the real estate agent route, great! Find a reputable local Bakersfield California 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 would like to know which option is the best for you and your situation, feel free to give us a call. We have referred several people to local real estate agents, so we do not try to force you to sell with us by any means.
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.
In reality, most properties are pretty average. 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 Buyers of Bakersfield And How Can We Help You If You’re Relocating And Need To Sell In Bakersfield?
We’re investors. We support our families and beautify neighborhoods by buying houses from Bakersfield homeowners 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 commissions
- 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 Bakersfield 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 Bakersfield real estate, so please feel free to call us at (661) 384-7021 and chat with us anytime.