Powered by RealTown Blogs
Carlsbad Relocation A to Z

Description

An informational source for people who are relocating, with a particular focus on moving to the Carlsbad area of North County San Diego (and nearby coastal communities), with advice, guidance and true stories to help you on your way and make it a great journey, from a REALTOR� with plenty of personal (4 major moves, most recently from Boston to Carlsbad, California) and professional relocation experience. Are you running into problems selling your home? Need to find a new one quickly? Never moved before and haven't a clue? You'll find some great tips on how to solve your relocation issues here. Or ask me a question any time and I'll share some solutions or tell you where to get more information. CA DRE License #01490977


My Links

Home
Meet Me
Archives
First Time Buyers
Fans of Coastal San Diego
I'm Sold on Coastal Living
. Digg!


RSS Blog Feed

Categories

Children
Due Diligence
FAQs
Financial Stuff
Finding a REALTOR
First Time Buyers
House Hunting
My Personal Experience
Packing to Move
Pets
Psychology Stuff
Real Estate News
Role of a REALTOR
San Diego Housing
Schools
Selling Your House
The Move Itself
Things to do in San Diego
Why Homeownership
Your New Home
Housing Market
Neighborhoods
Terminology
Humor
Learn About Feng Shui
Research
Internet information
First Time Sellers
Job Hunting
Taxes
For Sale By Owner


Favorite Links

Baby Boomer Website
Carlsbad Wine Merchants
Sign-On San Diego
Bicycling
Shopping at Overstock
Great Spa Hotels
Professor Piggington
Mold 101
Real Estate Blogs - Blog Top Sites

Rate Me on BlogHop.com!
the best pretty good okay pretty bad the worst help?


Enhanced with Snapshots
Blog Directory & Search engine
Ldmstudio Directory
Real Estate Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry.
Find Blogs in the Blog Directory
Site Meter Blogarama - The Blog Directory

Real Estate blogs

Top
Blogs

Selling Your Current Home

Selling your home when you are planning to relocate isn't really too different, and my intent here is NOT to counsel on the methods you should employ (maybe later) but to emphasize some issues that you should be aware of given you are relocating (not down the street but far away, say hundreds of miles or more).

1. Get it sold before you move, and before you buy another house, if at all possible. This is particularly important in most markets today since homes are sitting on the market much longer. If you commit to another house but yours doesn't sell, and you NEED to be in your new home for work, etc., you are in a pickle. Plus you have to qualify for that new mortgage and may not if you have a home you need to sell.

2. Be conservative in your pricing. This is even more important with a relo because you cannot afford to not have the house sell, in most cases, and we all know there is a lot of competition. Since you need to make a clean break and move on, get the place sold. Holding out for a few thousand dollars (only a possibility) does not make sense. And if you NEED to make a certain net on your house you could be in a tight spot; and you may be cutting things a bit short in terms of trying to make a move into a new home right away. Whenever you buy before you sell you GIVE UP your power of control.

3. Plan a strategy to deal with the various contingencies that might arise so you have some backup plans. For example, the house does not sell right away but you need to move for work - do you go and leave the family behind? Does everyone go and the house remains vacant? Think about how long you can realistically afford to wait to sell before you either don't make the move or delay it (if that is an option), or you have to rent. Look at your monthly expenses and how much cash you have to hold you over.

4. Find out what your current employer (or new one) will or can do if the house does not sell. While some will  buy it themselves, this represents a significant financial burden, especially in this market, so they may not be willing to do this. If there is a relocation firm involved, find out if they purchase and then sell on their own. Be sure you find out what the price will be - this MAY NOT be to your advantage financially. Of course, if the house does not sell and renting is not an option, you may have no choice.

5. Investigate the rental market thoroughly, including asking your agent, so you know what your home could realistically bring in the rental market. This is critical in case you need to make a decision about renting or not. Understand and prepare for the difference between your rental income and your monthly expenses - will the rent cover your loan payment? 75%? Make sure you understand all the financial issues so you can make an informed decision if you need to.

6. Keep in mind that the rental market may also be soft; there is no guarantee that your home WILL rent right away at the price you want or need.

7. Consider what needs to be done if you go ahead and relocate but need to continue marketing your home. Your agent can handle this from afar but you will need to be involved.

8. Look into having someone to property manage you place after you leave. This may be more important if you rent, since your agent can, and should, watch out for your home while it is being marketed.

“Everything that irritates us about others can lead us to an understanding of ourselves.”

C.G. Jung (1875 – 1961)


Posted: 2:48 PM, Oct. 6, 2006
Comments (0) | Add Comment | Link
View more entries tagged with: , , , , , ,

Write a Comment

Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.