Selling a home in your absence can be difficult since you’re not there to monitor the process. During a home sale, many things will be done, including moving items and sorting out paperwork. So you need to be in constant touch with your realtor to avoid any mistakes. This is why you need to entrust the sale of your house to a trustworthy realtor that can hold the reins of things in your absence.
Finding the Right Realtor
Finding the right realtor to help you sell your home in your absence is a delicate situation. A great deal of trust is needed before you entrust your home-selling process to a realtor. To make it easy for you, you can choose the same realtor that helped you when you purchased your home. This is because you’ve already had a past relationship where they performed excellently; if you feel you can trust this realtor, then they can act as your Power of Attorney(POA) and sign documents on your behalf.
Only a few realtors have the experience of representing a seller from overseas which is why you need to be very careful when choosing a realtor for this job. The key is to get a realtor who is an excellent communicator and one you trust when choosing your overseas agent. If you can’t think of any realtor you trust, then you can ask for referrals from trusted family and friends.
Virtual Closings
Virtual closings used to be unpopular in some regions. Many people still find it unusual to hold meetings and carry out transactions online. However, recently, people are embracing this aspect of technology, especially in the real estate industry.
While you may still need a POA present before you sign any documents, you can even attend the closing of your home virtually through platforms like Zoom or Google Meetings.
Your real estate agent will send you different documents throughout the selling and closing processes. You can get these documents via email while others require notarization. If you’d be signing a paper document, then you can send it back through international services like UPS or FedEx.
You’ll need to visit your country’s embassy if the document requires the services of a notary.
You also need to discuss how the closing funds will be handled with your closing agent. You need to discuss the method of payment and if you’ll receive the money directly or you may need to be at the bank to process the payment.
If you feel like there’s too much stress involved with selling your home while you’re overseas, then you can choose to sell your home before you move. Your real estate agent can draft a contract in which you pay rent to the new owners of your home for a specific number of months before you move.
Whether you sell your home before or after you move, you need to ensure that your realtor is one you trust and is capable of effective communication. You need to be in constant touch with your realtor so that you can be aware of everything going on in the listing, selling, and closing process.
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