Relocation creates a complex juggling act of logistics and timing. At Electrum Properties, we regularly hear from Lubbock homeowners calling or submitting their property information on this website saying “I’m relocating and need to sell my house in Lubbock quickly” . The good news? We can help many of these sellers move forward fast because we’re actively purchasing homes throughout Lubbock Texas right now!
Relocating involves countless moving pieces, plus the emotional weight of whatever prompted your move in the first place – often a career opportunity or family emergency. These significant life changes always bring both excitement and stress.
So how can you transform this challenging situation into a win-win outcome?
Don’t Agonize – Organize.
The last thing you need is paying mortgage payments, insurance, and maintenance on an empty house for months or years. That financial burden adds up quickly and unnecessarily drains your resources when you need them most.
While the Lubbock market appears relatively stable now, conditions can shift rapidly. We’ve witnessed numerous homeowners face devastating financial setbacks over the past decades. Unless you have substantial financial reserves, waiting indefinitely isn’t a practical option.
So what’s your best strategy when relocating and needing to sell your Lubbock Texas house fast while getting a fair price?
Relocating And Need To Sell My House Fast In Lubbock… Your Options And Steps
Start by…
- Determining your property’s true value: You can consult a local real estate agent or contact us at Electrum Properties for a no-cost, no-obligation valuation of your home. Understanding what your property might realistically sell for establishes a foundation for your timeline and expectations.
- Setting a realistic timeframe for selling after relocation: This critical decision impacts everything. We’ve seen professionals who relocated for jobs end up carrying two mortgages for over a year, eventually selling for much less than initially hoped. Calculate how long you can realistically manage dual housing payments, insurance, taxes, and maintenance costs.
- Exploring your selling options BEFORE the moving trucks arrive: Time equals money when relocating. Every month carrying two properties drains your finances. While a real estate agent might be right for some situations, at Electrum Properties, we specialize in solving real estate problems with fast, cash purchases in any condition. Simply complete our form to receive your fair cash offer >>
- Calculating the true cost of waiting versus selling quickly: Everyone wants maximum value, but many sellers overlook the substantial holding costs. For example, if your monthly expenses include $1,200 mortgage, $200 taxes, $100 insurance, and $100 maintenance, you’re spending $1,600 monthly in non-equity building expenses. If selling through an agent takes 7 months for $200,000, you’ve spent $11,200 in direct holding costs plus approximately $12,000 in agent commissions (typically 6% total). That’s $23,200 lost – not counting your time, stress, and opportunity costs. The real expense approaches $30,000. However, by selling quickly to Electrum Properties at $175,000, you could actually come out financially ahead by selling NOW instead of waiting months for a potentially higher price.
- Taking decisive action: Whatever path you choose, commit and move forward. If the traditional agent route feels right, find a reputable Lubbock Texas realtor. If avoiding the wait, uncertainty, and commission fees appeals to you, selling directly to Electrum Properties offers a straightforward solution that puts cash in your hands quickly.
If time is on your side and your property truly stands out from the competition, testing the market with a premium price might occasionally work. There’s always a small possibility that a buyer might fall in love with your specific home and pay above market value – emotional decisions sometimes override financial considerations.
In reality, most homes fall within the average range for their neighborhoods. Properties, like the people who live in them, tend to share characteristics with others nearby. Unless your home genuinely qualifies as exceptional – magazine-worthy unique features or condition – pricing at the very top of the market rarely maximizes your actual return after holding costs.
Another approach involves simultaneously marketing your property for both rent and sale to see which opportunity materializes first. This requires careful management of both processes, which can challenge even experienced real estate professionals.
At Electrum Properties, we sometimes create partnerships with homeowners through lease-option agreements, where qualified buyers rent the property for an agreed period before completing the purchase – giving you income while moving toward a sale.
In other situations, we may help by renegotiating your existing loan, assisting with monthly payments, or conducting a short sale with your lender to help you get your freedom back from challenging property situations.
At Electrum Properties, we’re passionate about helping homeowners solve complex real estate challenges with dignity and fair solutions.
Our creative problem-solving approach bridges the gap between where you are and where you need to be with your property.
Who Is Electrum And How Can We Help You If You’re Relocating And Need To Sell In Lubbock?
As community-focused investors, we support our families while revitalizing Lubbock neighborhoods by purchasing homes from homeowners who need fast, hassle-free solutions for their unique situations.
Homeowners who typically benefit most from our services include those who:
- Need a guaranteed quick closing (we can complete the process in as little as 7 days when necessary)
- Want to avoid the stress and uncertainty of traditional listings
- Prefer not to pay substantial real estate commission fees
- Face properties with condition issues or other complications (we buy houses completely as-is)
- … or have various other situations requiring a fast, certain solution
Beyond business, we’re committed to creating win-win solutions that strengthen the Lubbock community.
Our approach is transparent and straightforward from start to finish.
We’ll offer you a fair price based on your property’s condition and our ability to solve your problem, and we can close quickly with cash to help you move forward.
If you have flexibility with time and resources to hire professionals, managing a traditional property sale from a distance might work for your situation. In some cases, that approach may maximize your return.
At Electrum Properties, we’re committed to helping you find solutions to your most challenging Lubbock real estate questions, so please don’t hesitate to call us at 806-630-0875 for a straightforward conversation about your specific situation.