If you recently accepted a new job in a state other than the one where you currently live, and you wish to sell your home promptly to help pay for the new house you will be living in, you are most likely concerned in how you will be able to get the money you desperately need. There are a few options you have available in getting much-needed expenses for your new home. Here are a few ideas to consider when a fast move is necessary.

Inform Your Real Estate Agent You Need A Short Sale

If your realtor is aware of your situation, they will recommend you sell your property at a substantially lower price than market value. This short sale option will entice potential buyers to come take a look at the home to determine if it fits their needs. You will be required to pay any difference left between the sale price and the amount you still owe for your mortgage. Another option is to give a large cut in cost for someone who is able to pay cash for the home. This will eliminate the time needed to wait for the buyer to apply for and be approved for a loan, allowing you to take the money obtained immediately to use for the purchase of your own new home.

Contact A "Cash For Houses" Business

If you are in a hurry to sell off your old home and you are sure you will not get top dollar for it because it is in less than perfect condition, contacting a service that purchases homes promptly regardless of any damage they have, may be a good idea. These companies will purchase the structure with the knowledge that the home may have structural or cosmetic problems within. Selling the home in an "as is" condition will eliminate the need to make any repairs on the home yourself and allows you to sell it without a warranty.

Think About Renting Your Current Home

If you cannot fathom taking less than the value of your home, renting it out to someone else may be desirable. This option will allow you to get exactly what you wish for the home, while giving you the benefit of a payment from rent to use toward one of your mortgages. It will be necessary to inform the party that they will be renting the home on a month-to-month basis rather than having them sign a lease for a longer amount of time. The renter would also need to be told that your real estate agent will need to schedule showings of the home to prospective home buyers. Another idea is to use your home as a vacation rental. This will allow you to show the home at times when it is not being rented.