Are you in a dilemma about if and when you should move out if you are selling your Columbia SC home? Are you wondering if moving out of your home will help you reach your home selling goals? Or perhaps it’s better to live on your property until it’s sold? Don’t let these questions give you headaches anymore. In this article, you’ll find all the answers you need that will steer your decision in the right direction.
Should you move out if you are selling your Columbia home?
If you are planning to sell your home, you are probably considering whether to move out or live in it until it’s sold. Many people would agree that moving out as soon as you list your home is a better option. That way, you’ll be able to stage your home for sale and attract more buyers. But for many people, this is not a viable option due to different reasons.
So before you decide if you should continue living in your home until it’s sold or move out, you need to consider your budget and how quickly you want your home to sell.
Whether you should move out of your home before it sells or not depends greatly on your budget. Selling a home comes with various expenses, so you need to thoroughly analyze your finances and determine if moving out before the sale is possible.
You might want to move out as soon as you list your home for sale. However, if you don’t have a place to move to or you can’t afford to rent a property as a temporary solution, the best option is to stay put until your home sells. Therefore, setting a realistic budget is very important.
Also, when determining your budget, don’t forget to include closing costs and moving expenses. If you are on a tight budget, look to find ways to save money. For instance, don’t overspend on packing supplies but try to find alternative solutions. Free moving boxes are easy to find, and you can even use old newspapers, linen, towels, or blankets as packing material.
Are you in a rush to sell your home?
If you are in a rush to sell your home, the ideal scenario would be to sell your house as-is to a cash buyer. You will not have to invest your time and money into staging your home and waiting for the right buyer to show up. You’ll get a cash offer and be able to agree on a moving date.
Another great way to ensure a quicker sale is to move out and stage your home. Although it will take you some time to get everything ready, it will pay off as your home will probably spend less time on the market.
On the other hand, you can stage your home while still living in it. However, it’s much easier to stage a vacant house. Also, buyers are always more likely to purchase a property that hasn’t been occupied in a while. If you plan on living in your property until it sells, here are some easy home staging tips:
- When the home is occupied, clutter and mess tend to accumulate. Make sure to declutter and clean the place before you have an open house.
- The first impression can ruin your sale before it even starts, so make sure to amplify the curb appeal of your Columbia SC home.
- Put away personal items such as family photos or travel souvenirs.
- Make sure to check if anything needs repairing and consider giving your walls a fresh coat of paint.
Deciding whether you should move out before the sale or not depends on various personal circumstances, too. Before you pack your bags and move out, think about how that decision might impact other aspects of your life.
When is the best time to move out if you are selling your Columbia home?
When selling your home, there are three times you can consider vacating it: before, during, or after the sale is completed. Further in this article, we’ll review all three options and hopefully help you decide which one is the best for you.
Moving out before the sale
This is the easiest way to prepare your Columbia home for the market. Also, any preparations to get your home ready can be done much more quickly. And you’ll avoid the headaches of living through renovations and repairs.
The downside to this option is that you’ll potentially have to carry two mortgages until the sale is completed or pay rent if you’re still looking for a new home. If the sale takes longer than anticipated, paying two mortgages can take a significant toll on your budget.
Moving out during the sale
In this scenario, you would move out right before the settlement date. You would stay in your home while it’s on the market and through the closing process. This includes the home inspection and appraisal, too. You would need to keep the house in excellent condition. Also, you’d have to be able to vacate the property during showings and visits from the home inspector and appraiser.
If you decide to choose this option, we strongly advise using the staging tips we’ve mentioned above. You want to show your home’s best features and full potential. Also, you’ll make the moving process a lot simpler for yourself. For example, after you declutter, it will be that much easier for you to pack. All that will be left to do is to search on mastermovingguide.com and find the right movers.
Moving out after the sale
Lastly, the third scenario means that you can rent back your home from the new owner after you’ve finalized the sale. This is an excellent option if your new property is not ready yet. You will save yourself from having to move twice in a short period.
Depending on your situation, this can be anywhere between one to sixty days. This way, you’ll receive all of your funds and not worry about your buyer’s ability to settle. The rent for rent-back is usually the same as the buyer’s monthly mortgage payment. However, this is negotiable and up to you and the buyer to agree on.
The bottom line
We hope we have helped you decide when you should move out if you are selling your Columbia South Carolina home. If you are looking for a quick and easy sale, contact us, and we’ll gladly help.