When it comes to selecting when to move after you sell your property, you are the boss. Depending on your circumstances, you may want to explore moving out before or after the sale of your existing house. A variety of trade-offs may be made in the home-selling process, as with many other choices. Let’s go through each option.
Move out prior to the sale
If a seller has the financial means, this is the most straightforward approach to preparing a property for sale. Preparations to make the home presentable, including repainting or restoring hardwood floors, can be completed more quickly. The homeowner also avoids the inconveniences of living amid an ongoing construction. Furthermore, the seller is not required to keep the property in pristine condition while living there, nor are they inconvenienced by buyer showings. If a seller selects this option and hires a moving company before the sale, it’s usually a good idea to leave a few things behind to stage some of the rooms. Even when modestly furnished, staged houses often sell faster and more remarkably than occupied homes crammed with the typical family’s stuff or unoccupied homes with no furnishings.
Sellers can also maintain the curb appeal of their house by employing somebody to mow the grass, rake the leaves, and trim shrubs and trees as needed. The apparent disadvantage of this choice is that if the seller purchases another property, they may have to maintain two mortgages till the property sells. If the sale takes longer than planned, the expense of two mortgages may surpass whatever price the seller receives for selling an empty property. If you decide to move and choose this option, it is always better to price your present house to the market instead of being too aggressive in order to reduce the time it takes to close the sale.
Move out following the sale
If you leave after the sale, you may be required to pay rent to the homeowner for a few days or possibly a few weeks. In most circumstances, purchasers would not let the seller stay in the house for more than 60 days. A rent-back arrangement like this will be spelled out in the property’s selling contract. Moving out after selling is the best alternative if it might take a while to prepare the home for the buyer. This way, you’ll have somewhere to live before moving to your new digs, and the buyer will have peace of mind knowing the newly bought property will be in excellent condition when they move in.
There is also a case to be made that relocating after the sale will assist in optimizing the selling price. Insiders in the industry claim that houses with furniture sell quicker and for more cash than unoccupied properties. However, if your furniture isn’t correctly positioned, cleaned, and otherwise attractive, it has the opposite of the desired effect. If you insist on staying in the house until it sells, hire a professional stager. A competent home stager can help you optimize the visual appeal of your property.
It is advisable to postpone your relocation until your house has sold. If the transaction goes through, you’ll still have a fantastic property to live in. Furthermore, as previously said, there is a significant probability that the appropriate arrangement of your furniture will help sell your property in a timely way for the highest possible price.