Relocation is moving from one place to another. Change is a fact of life. There’s a good chance that one moves several times in one’s lifetime, if one hasn’t already. Change is a good thing. Relocating to a new home, especially to one in another state could be an exciting adventure. Imagine all of the possible opportunities that relocating could bring? New jobs, new friends, new happy experiences and memories!
Why Do People Relocate?
Sometimes people relocate to try a new life altogether. Often people are offered a new job out of state. Sometimes they want to give their family a better life, or on the flip-side, a death or divorce could cause someone to relocate.
Relocating could have some challenges. Most people prefer to sell their home before relocating, but this goal could run into some problems. For example, paying the mortgage on your new home and old home could be a financial disaster. In a worst case scenario, it could lead to a double foreclosure situation and even bankruptcy! Also moving out of state before you sell your current home might be a problem if you need the proceeds of the sale immediately.
No two real estate deals are the same. A friend of yours might have sold their home quickly, but that might not be the case for you if your home needs repairs, among other common real estate idiosyncrasies. For example, maybe your current home’s neighborhood isn’t on demand, or perhaps the housing market is slow, or the economy is on the mend in your city.
What is relocation assistance?
Roughly 70% of employers offer relocation incentives for employees or new hires. Therefore, if you haven’t heard anything about what your new prospective employer is willing to offer in terms of relocation, make sure to ask your HR department for more information or search on your employer’s website.
What’s included in a relocation package?
Here are common relocation package benefits:
- Travel Costs
- Shipment of your belongings to your new residence
- Professional & insured movers
- Storage of your belongings
- Temporary housing/rentals
- Costs associated with selling your old home and buying a new one
- Although unlikely, some employers pursuing high-level recruits will even offer to buy your house after getting an appraisal of its fair market value
How Much Does Moving Cost?
On average, moving out of state costs homeowners anywhere between $700 to $5,000. If you’re moving across the country, you can expect to spend between $4,000 to $10,000, or more. However, if you combine that cost with repairs, and hiring a real estate agent, the true cost of moving is much higher.
How to get relocation assistance when your company won’t give you any?
In some cases, a new job opportunity can take a homeowner far away from the home they’ve purchased. The stress of moving and starting a new job can be overwhelming enough without the added pressure of having to sell a home. In these cases, many homeowners solicit help to sell their house. DFW Professional Home Buyers can make an offer on your house within 24 hours and ease the transition to your new location by giving you one less thing to worry about. Our expedited purchasing process allows us to close on your property quickly and get you cash so that you can move on to your next chapter.
If you are relocating, need to sell your home fast, and don’t have relocation assistance, we can help! We offer our clients custom offers which can include relocation assistance. Fill out the form below to get started!