Maybe you took a job in another state and had to leave your Orlando home behind before you could sell it. Or maybe you inherited it from a family member and you live elsewhere in the country. Either way, unless you decide to keep your Orlando home as a seasonal property or investment rental, you’ve now entered the unenviable ranks of the out-of-state home-seller. But don’t despair; while it’s true that not having oversight of the sale can add a level of stress to an already stressful situation, by hiring a qualified real estate professional and observing the following tips, you can make sure that as much of that stress as possible remains here in Orlando.
For some sellers, depersonalizing their home is one of the less-pleasant aspects of the sale. Years of memories and accumulated personal touches are replaced in a couple of afternoons with a sterile, market-friendly look that appeals to the most buyers, if not to you. However, if you’re selling an out-of-state home, having already moved out of it, or perhaps never lived in it at all, there’s less excuse for sentimentality, and all the more excuse to erase your personal footprint from the home.
After you’ve erased your footprint, it’s time to erase the dirt, dust, and cobwebs with a thorough cleaning, either by yourself or with the help of a professional cleaning company. You’ll also want to make any necessary repairs you know about, and consider hiring an inspector to find the ones you don’t.
It’s a good idea to leave behind some essential furnishings so the house doesn’t look too empty. An empty house is less inviting to buyers, and can lead them to think you didn’t have time to furnish the home because of a tight sale deadline, both of which will result in lower offers. If you can’t leave anything behind, you’ll want to consider renting furniture or hiring a home staging company to give the property a homier feel.
While refurnishing a hollow home is a common problem for many out-of-state sellers, others have the opposite problem: a home that’s too full of stuff. If your new job required you to move before you could move your belongings, or if your inherited home also came with an inheritance of junk, you’ll want to consider clearing out some of the clutter. You have a few options here. If there are things you don’t want to get rid of, you can rent a storage space to house them, or have them shipped to your new location. If you want to rid yourself of the clutter for good, you also have the option of selling it on websites like craigslist or eBay, or holding an estate auction to part with it all in one fell swoop.
Many buyers are wary of for-sale-by-owner homes when the owner is absent. To make sure you don’t ward off potential offers, and that when you do get a good offer, the transaction goes smoothly, you’ll want to enlist the help of real estate professional to market and sell the home.
A qualified Realtor can handle all aspects of the sale while you’re away, up to and including the closing paperwork, mailing your forms so you can sign and have them notarized remotely, saving you travel-related time and expenses.
One of the downsides to selling a home from out of state is that if you made a profit on the sale, you may be required to pay capital gains taxes to not only the state in which you sold the home, but to the state in which you currently reside, as well. Fortunately, there are tax credits you can file to refund the tax you paid to one of these states, though which one depends on the states involved.
Our network of industry professionals includes Central Florida’s most reputable tax attorneys and accountants, so that when it comes to your hard-earned gains, as much of your money as possible remains in your pocket.
Whatever your circumstances, and whatever your needs, the Authentic Real Estate Team is here to make your out-of-state sale go as smoothly, and as gainfully, as possible. We have the connections and experience to handle every step of your sale, from staging and marketing to negotiating offers, to closing the deal. We know that life doesn’t stop just because you’re selling your home. This should be especially true when you’re out of state. That’s why we shoulder the stress of your sale here in Orlando, so that wherever you are in the country, you can get on with your life.