As a Midwest hub for start-ups, universities, medical institutions, and several Fortune 500 companies, St. Louis has more than its share of transplanted residents. When a company needs an employee to move to the region, it’s not unusual for them to offer some type of relocation package. Depending on the company, they might offer the employee assistance in finding a new home, or the money to do it on their own. In recent years, third-party relocation companies and relocation realtors have become a lucrative niche in the world of real estate.
Humans have a hard time dealing with change, so it’s not a surprise that relocating to a new home can be anxiety-inducing. That upheaval is one reason why selling a house can be stressful. The other big factor is not having any control over the outcome.
You planned to put your house on the market in June or July. Suddenly, it’s October and you’ve missed that traditional spring/summer window. As the days turn cooler, homeowners might wonder if selling a home in winter is really harder, or if that’s just a myth.
Livable, affordable, and friendly are some of the adjectives you want to hear when you’re in the market for a home. All of these are used when describing St. Louis and its surrounding communities. We’re biased, but we think it’s the city for the next century! Read our recent article and we think you’ll agree.
If there’s one thing that a client asks their real estate agent to do, it’s to sell their home fast. But really, they are asking the agent to do two things at once: Sell that house fast AND sell it at a price that the client is comfortable with.
And sometimes, those two things are in tension.
Selling a home can be stressful enough without adding the additional challenge of a less-than-ideal location. When something like power lines, a noisy airport or train tracks, or busy highway is involved, it can be tough to attract a buyer.
Moving to a new home doesn’t always mean selling the old one. Homeowners could choose to keep it as a rental property. How to decide between selling a home vs. renting it out will be different for everyone. It boils down to three main topics: the homeowner’s goals, their financial situation, and whether or not they are “cut out” to be a landlord.
Preparing to sell a home can be expensive: Preparing a home to go on the market comes with the cost of repairs, updates, cleaning and staging. And of course buying one is a huge investment, too; buyers not only need to come up with a downpayment, but have to think about the cost of loan application fees and inspections.
People in search of real estate bargains may find themselves considering foreclosures. Foreclosed homes have been seized by a lending bank after a homeowner has defaulted on their mortgage. Although not as common as during the real estate crisis of 2008, foreclosures still happen all over the country.
It’s not news that buying a house is a big financial investment. But many first-time buyers wonder if buying a home is worth it. They wonder how long it will take before breaking even compared to renting. The St. Louis region actually has one of the shortest break-even times in the country.