Living in a low-income neighborhood can be tiring, especially if it’s a hot spot for crime or neglect. Not to mention, these areas generally don’t have the best school districts, which can be problematic if you plan to start a family. If you’re itching to leave a low-income neighborhood, you’ve come to the right place. Let’s examine how to sell and relocate from a low-income neighborhood and why you should leave such a neighborhood in the first place.
Why Should You Leave a Low-Income Neighborhood?
We’ll preface by saying not all low-income neighborhoods are bad. In fact, many low-income neighborhoods are perfectly good places to live. But as one would assume, areas with high poverty levels often have high crime levels. Living in a crime-ridden area can make you a target of theft or, even worse, violent crime. New businesses will generally stay away from areas with low-income levels, leaving your neighborhood feeling overlooked and undesirable. Properties in low-income neighborhoods may also see lower levels of appreciation compared to their high-income counterparts.
While low-income neighborhoods are good for starter homes, many families don’t want to live in them long-term. Here’s how you can sell and relocate from a low-income neighborhood.
List With a Realtor
Perhaps the most conventional approach to selling your home is listing it with a realtor. Using a realtor is a relatively straightforward process: The agent will help you determine a price for the home, stage and take pictures of the property, and then list it. They will also host open houses and help you negotiate with prospective buyers. Keep in mind that if you decide to use a realtor, you will need to pay a 6% commission on your home’s sale price. For example, if your home sells for $600,000, you must write a commission check to your relator for $60,000!
Sell Your Home For Sale By Owner
Selling your home for sale by the owner (FSBO) is an alternative to listing with a realtor. This approach is much more work for the homeowner, as you’ll have to list the home yourself, determine a competitive list price, and host open houses. When you sell a home for sale by the owner, you can’t avoid the realtor commission completely. In most cases, the seller must still pay the buyer’s agent a 3% commission.
Sell Your Home to a Cash Buyer
The best way to sell and relocate from a low-income neighborhood is to get a cash offer from RHED Key Properties. Here at RHED Key, we have made dozens of cash offers for homes throughout Alabama, including properties with liens and facing foreclosure. We buy houses in any condition, and there are zero fees to sell your home. You can also sell your home as is, meaning there’s no need to pay for expensive repairs!
Get an Offer from RHED Key Properties
Are you ready to sell and relocate from a low-income neighborhood? If so, you’ve come to the right place. RHED Key Properties is the number one source for cash home offers in Alabama, and getting a cash offer is easy. We’ll ask you a series of questions about your house to calculate a fair offer. You can expect a response in 24 hours if you choose us to sell your home in Alabama. Whether you’re facing foreclosure or want to relocate from a low-income neighborhood, get in touch with us today to get a cash offer for your home.
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