Updated: May 29, 2020
Although it may be rare, now and again, a situation may arise where someone owns a house out of state, and they need to sell it fast.
Owning property out of state can happen for several reasons:
You used to live in that state, but have since moved.
You bought the property out of state as a rental.
You've inherited property that happens to be out of state.
Whatever the reason may be, the predicament is still the same.
You own property out of state that has become a huge hassle, and you need to sell it quickly and move on.
Luckily for you, we're about to dive into the ways you can go about selling your property quickly, even if you live thousands of miles away from it.
Let's get started!
Sell Your House With An Agent
The first thing you're likely to think of is calling up a real estate agent and having them sell the property for you.
No, you don't.
Let's take a look at some of the pros and cons of hiring an agent to sell your out of state property.
An agent will handle all of the marketing for you.
A real estate agent will take care of any showings.
You will not have to field phone calls and appointments from prospective buyers.
Your property will get maximum exposure to the market.
An agent can hold open houses for you even though you are long distance.
An agent will help handle all of the paperwork and coordinate with title to close the sale.
You will have to pay your real estate agent up to 6% of the selling price.
The buyer's agents will scrutinize your house.
Traditional buyers will order a home inspection and may back out of the contract if they don't like the results.
It may take a while for you to get an offer, which means you'll be stuck with the house longer.