I don’t know if it’s an abundance of snow or the dread prediction that the Great Salt Lake will be dead within five years and the subsequent dust will kill us all, but I’ve had numerous clients contact me already this new year wanting to relocate OUT of Utah. The good news is that I have a huge network of real estate agents around the country whom I’ve met, worked with over the years who I can hook you up with or find to help you transition to a new locale. It’s pretty scary to just ‘pick up and go’ in general if you don’t have a network of friends and family in your planned destination, so having a REALTOR be your first friend can take some of the fear away. A seasoned broker will be able to, in advance, counsel you on types of housing found in that destination, pricing of said housing and really simple things like good links to school data if you have or plan to have kids, utility companies and recycling options, mortgage brokers, great restaurants, transportation options, local festivals and farmers markets.
Some folk will have to sell their home to relocate, others might opt to rent out the property in case they don’t like where they moved to and can return in a year or two and move back into their home or condo. I know a great property manager who will help you find great tenants by checking their credit and criminal history and make agreements with you as to what you’d authorize them to repair if something went wrong and set a limit where you don’t want to be disturbed if say a repair costs under $500. They will take out their monthly management fee (say, 10%, and it’s negotiable) and deposit the rental income into your bank account each month. The MOST important thing if you wish to rent is to talk to a CPA. If you turn personal residence into a rental there’s a certain time allowed regarding capitol gains on any profits of a sale, so check first what you should plan for in the future as far as taxes are concerned. And, talk to an attorney to decide if you want to put the property into an LLC and/or your living trust.
You have to stage a home to sell it these days-it’s just standard practice now. In winter you must make sure you keep snow removed from walkways, clean windows to let in as much light as possible, deep clean appliances and the home itself and declutter. Don’t overwhelm potential buyers with massive smells, like too many burning candles. If you’ve got one, light the gas fireplace for showings. Keep the temp @70°, put on mellow music and create a vibe that the home is warm and inviting. Throw a soft lap blanket on the sofa with an open book to give the impression of comfort. With the market adjusting downward you have to step up your game to sell these days!