Tuesday, July 14, 2009

When Selling should you tell people you are moving out of town?

I hope this finds you Happy and Healthy!

All the Best!

Mark

A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate


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Question: When Selling should you tell people you are moving out of town?

This is a question that I receive from some of my sellers

There are mostly negative aspects of stating you are moving out of town after your closing or out of the province or even worse overseas.

In my experience, it is very negative to mention that you are moving far away on the listing or to even tell the buyer this fact. The buyer would most likely become very nervous knowing you are moving out of the country and would worry about the condition of the unit and removal of any items and how they would possibly remedy any unforeseen problems after the closing date if you left the country.

Also, moving out of the country can be interpreted as 'the owner is desperate and must sell" and this could negatively impact your sale price. Thus, I can only see a negative impact on your sale if you mention this anywhere or anytime.

I hope this helps.

Thank you,
Mark

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