Did you know that more people are leaving San Diego than arriving? If you are a San Diegan, or San Diego native, you likely know very well the “sunshine tax” tacked on to the cost of living in this beautiful city. San Diego’s cost of living is 29% higher than the nation’s average with a median household income only 12.3% above the nation’s average. This paints the picture of our ever apparent affordability gap. But, we aren’t the only ones in this boat. Los Angeles and Miami see similar struggles between cost of living and income. Areas like San Francisco and San Jose are also well above the average when it comes to the cost of living, but at least their wages follow in parallel. Because of this, we weren’t shocked that a recent client, Sarah, wanted to sell her house so she could move near Seattle where the cost of living is lower. There are many factors that played into her decision: 1) she had two growing boys and a husband, so their two-bedroom condo was getting smaller by the minute, 2) her salary was basically paying for childcare and her husband’s income was stretched thin in order to pay for the cost of living and 3) she had family in Seattle that she wanted to be closer to. So, in addition to wanting to relocate for financial relief, the move would benefit her family in other ways as well. Plus there is no state income tax in Seattle, and pollution and crime levels are low. The question now that Sarah has now: what route should I take in selling my Oceanside condo?
10 of the Nation’s Most Affordable Cities:
Let us be clear, we aren’t promoting that you sell your house and move to a more affordable city. After all, there wouldn’t be such a high cost of living in San Diego if it weren’t for the demand from people. San Diego is as expensive as it is because of its demand – the beautiful beaches, sunshine year round, job opportunities, and the lifestyle it supports. With that being said- if living here no longer supports your lifestyle (financially or socially), then you do have options. Here are a few affordable cities in the U.S.:
- Memphis, Tennessee
- Indianapolis, Indiana
- Omaha, Nebraska
- Columbus, Ohio
- Las Vegas, Nevada
- Salt Lake City, Utah
- San Antonio, Texas
- Birmingham, Alabama
- Des Moines, Iowa
- Buffalo, New York
Option When You Need to Sell for Cash to Buy in Another State
DIY: Selling the home by yourself, or “FSBO” For Sale by Owner is definitely an option. But, from our experience, it isn’t usually your best option. If you live in a newer “cookie cutter” home where there are plenty of homes in your development that match your floorplan, it may be pretty easy for you to come up with a competitive listing price that will be taken seriously. But, do you have time to get the home “show ready” and market it to buyers? If not, take a gander at the next option.
Traditional: If your single-family residence or condo is in mint condition and doesn’t need many repairs, it would be in your best interest to speak to a local agent (we have partners we could refer you to), about getting top dollar for your house. This route is especially predominant if you have ample time available to get your home sold. Don’t want to go through the hassle of open houses and potential buyer fallout? Take a look at a third option.
Direct: Your third option would be to sell directly to an “investor buyer” like us. To be honest, many people are unfamiliar with this option…and because of that, it is intimidating. All cash for your property and on your timeline sounds too good to be true for some. But, it isn’t. But, it also isn’t for everyone. Selling directly to someone like us (and cutting out the middle man) is perfect for the seller who wants to sell fast, and who doesn’t have the funds or time to make necessary repairs to get the home sold. Unlike the traditional buyer, you won’t have to worry about us pulling out of the deal and you don’t have to fix or clean a thing. Sound good?
Well, selling is as simple as clicking the fair offer button on any form on this website. And, if we aren’t your perfect option, we’ll point you in the right direction.
For our client mentioned above, Sarah, she was able to sell and close on her Oceanside condo in 17 days. This worked perfectly for Sarah because she had accepted a time-contingent job up in the Seattle area, and she really wanted to be able to relocate quickly. She also had some electrical and plumbing issues she was dealing with, which we told her not to touch. We took care of all necessary repairs and renovated her 1976 condo to look as if it was brand new. Another “WIN-WIN!”Views: 7