Do you own a house or property in the Odessa area but live in a different state other than Texas? Recently inherited a house in Texas or need to move quickly for a new job? Whatever the case may be, if you own a home from out of state you could be in the complicated and confusing position if you need to sell fast. It’s not easy to be in another state while handling tasks like sorting through buyer offers, staging the home, managing showings, and handling all the legal aspects of home selling.
Luckily, there are things you can do to make the process less of a burden. It can actually be quite easy to sell a Texas house from out of state. We’re here to help make the process of selling your house fast as quick, easy, and stress-free as possible.
Check out our 6 Tips to Help You Sell Your Out-of-State Odessa Home.
1) Find an Agent or Realtor® You Can Trust
A lot of us have a friend, family member, or friend of a friend who knows a guy who sells houses. While you might know a couple agents or Realtors® in Odessa who you can work with to sell your house, it’s a totally different story when you need to work with someone out of state. You likely aren’t familiar with the top real estate companies and the people who work for them.
2) Set the List Price Based on Your Selling Goals
Some people aren’t in a hurry to sell. They will list the house for a high amount and wait to see if the market demand rises up to meet their goals. These people are okay keeping the house on the market for a few months and even relisting it for different prices.
Other home sellers, on the other hand, want to sell the house quickly. Their goal is to move the house as soon as they can, meaning they are willing and able to negotiate with potential buyers. Many people who are trying to sell a house out of state are in the latter category.
Talk to your agent to set a pricing strategy. They can list the house for a fair price where you still profit. They can also work with buyers to negotiate costs so potential buyers don’t walk away. This way you don’t draw out the home sale over several months.
3) Spend a Few Days In the House
Even if you are out of state, spend a weekend or even a week at the house preparing it to be listed. You will want to clean and pack as much as you can and ask your agent about staging and upgrades.
During this time, you may need to decide which upgrades you need to invest in to sell your home quickly or to increase the value of the home. For example, you will want to secure a lawn service so the yard isn’t overgrown and may need to schedule roof repairs so you don’t scare off potential buyers. You may want to paint a few walls or fix cosmetic issues around the house.
After you leave, your agent may be able to work with these contractors on your behalf, but you need to approve the expenses and the upkeep so your home gets sold.
4) Decide Who You’re Marketing To
If you want to sell your house quickly, then you need to figure out how you will market it. For example, are you selling a family home in a good school district or a beach house in a retiree community? Look at the demographics and economy in the area and determine the best way to position your house.
This will help you stage your home for showings and get your house in front of other agents in the area.
5) Schedule an Open House
Have your real estate agent schedule an open house right away. This is a great way to get dozens of agents or Realtors® and potential home buyers in your house at once, increasing the chances that someone will want to buy it.
Even if you don’t get an offer during your open house, you should notice an increase in showings as real estate agents bring their clients to see the house they’ve already been through.
6) Consult With a Tax Specialist
Set up a call or consultation with a financial advisor or tax specialist in your state to review the property taxes and other expenses that come with selling a house. They can help you with taxes across state lines to make sure that the IRS doesn’t come calling shortly after you sell your home.
If you inherited the house, then you may need to pay an estate tax on the property and other parts of the inheritance. Working with a professional can make the paperwork and legal processes easier so you stay on the right side of the law.
Work With Thousand Hills Properties to Sell Your Out of State House Fast
Don’t take on the added stress of trying to sell a house out of state on your own. Why complicate things by working with an agent, showing your home, or dealing with bidding wars?
Call Thousand Hills Properties today at (432) 237-3449! We will buy your out-of-state house fast, as-is, for cash.