What to Do With Your Del Mar Home When You Have to Relocate (#DelMar)
The offer of a lucrative contract in another country or a promotion to a position in another town or city is usually cause for celebration – but can present problems if you have to move in a hurry.
“If you’re a homeowner, for example, you will need to decide whether to sell and be ‘free’, or whether to become a landlord and bank on having a home to come back to in a year or two that may also have appreciated in value,” says Richard Gray, CEO of Harcourts Real Estate.
“Our advice in such instances is that it is less risky to sell if you still have a large bond on the property. For one thing, the costs of operating a rental property are higher than you might expect if you have not been a landlord before, and between these and your bond repayment there may no profit in renting.
“Secondly, if your tenant defaults or absconds, it could put you under severe financial strain if you have to cover the bond installment on your old home as well as paying rent or another bond installment in your new home town.”
Harcourts JADE Properties can help you with selling your Del Mar property and relocating to a new home while managing your existing one.
Gray says that if you do decide to rent out your property, you must be sure to appoint a reputable managing agent – “someone who knows the area well and can advise knowledgeably on a realistic rental level, who has a good track record as regards the selection of creditworthy and reliable tenants, and who will see to it that the property is properly maintained in order to protect its value”.
Similarly if you decide to sell, he says, you will need to be very careful in your choice of estate agent, especially if you are going to have to pack up and move before your home is sold. “You will be entrusting a major asset to this person, so you need to be sure they are from an established, reputable company and will always act in your interests. He or she should also be a good communicator who stays in touch and gives you regular feedback about viewings, buyers and the progress of the transaction once the property is sold.”
In addition, there are a number of things you can and should do yourself to ensure that your property remains secure, retains its “curb appeal” and sells as quickly as possible. These include:
- Installing exterior sensor lights that automatically switch on when it gets dark and switch off at sunrise;
- Leaving the windows curtained;
- Asking a neighbor or friend to clear the mailbox regularly;
- Leaving your security system in place until the house is transferred – although you will need to give your agent the entrance code as well as keys and remotes.
- Arranging for someone to mow the lawn, rake up leaves, water the garden and clean the pool regularly. Your agent should be able to help with this.
- Ensuring before you leave that all the finishes in the house, especially the paintwork, are impeccable, and that everything is spotlessly clean. Prospective buyers will understand a bit of dust in an empty home, but they won’t overlook a dirty oven or a stained carpet.
And finally, says Gray, you should review the provisions of your homeowners’ insurance (HOC). “Many HOC policies offer limited cover if a property is vacant for more than a month and you may find that it is worth your while to hire a guard or a house-sitter until your home is sold.”
For more information on Del Mar homes and relocation services please contact Harcourts agents Paul and Dean at (858) 876-7792.
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Stunning ocean view home in Del Mar west of 5! This 4BR/2.5BA home has vaulted ceilings, gorgeous marble & quartz countertops in all baths, new master bath shower w/Grohe fixtures, great backyard, warm & neutral porcelain tile in the entry & kitchen, light & bright throughout! Beautifully landscaped in front & back – perfect for kids! Ground level bedroom also has separate entrance! The owners have thoroughly enjoyed living in this quiet neighborhood. New epoxy coating in garage! Will go fast – hurry!
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Neighborhood: Del Mar Heights
City Name: Del Mar
County Name: San Diego
Listing ID: 150012412
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Del Mar Beach Colony is one of the most prestigious — and beautiful — communities in Southern California. The Beach Colony is a small community of less than 500 homes that runs from Powerhouse Park and the old train station north to Solana Beach. The homes are either on the sand (beach front) or just a block or two from the beach. The beautiful beaches are the big draw, however, the Beach Colony is also convenient to the Del Mar race track, Del Mar Village, the plaza, Solana Beach and dozens of top-rated restaurants and 100s of boutique shops. Home prices start around $1.5M for a condo and go upwards of $25M.
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Del Mar Beach Colony Real Estate
For additional information on buying or selling a home in the Del Mar Beach Colony, call or text Paul and Dean at 858.876.7792. Or, click here to email us.
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Del Mar Beach Colony Home Values
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Other Del Mar Communities to Consider:
- Del Mar Village
- Olde Del Mar
- Del Mar Bluffs
- Del Mar Terrace