Job Change & Relocation FAQ: Questions New York Homeowners Ask
Hudson River Realtors | Referral Network Serving New York State
How far in advance should I list my home before relocating?
In the Hudson Valley, plan for 60 to 90 days from listing to closing. Ideally, list 3 to 4 months before your start date to allow time for preparation, listing, negotiation, and closing. If your timeline is shorter, price aggressively.
Should I sell before or after accepting the new job?
Accept the job first, then sell. Trying to sell before you have a firm offer creates unnecessary stress. Once you have a signed offer letter, work with your agent to develop a listing strategy that aligns with your start date.
Will my employer pay for real estate commissions?
Many employers reimburse real estate commissions as part of their relocation package. Ask during the offer negotiation — this is often an item that can be added even if it is not in the standard package.
What if my home doesn't sell before I have to move?
Options include reducing the price, renting the property temporarily, or accepting a cash buyer offer. Your agent can also intensify marketing efforts. Having a backup plan before you list reduces stress if the market does not cooperate.
Can I deduct moving expenses on my taxes?
The federal moving expense deduction is suspended for most taxpayers through 2025 (active-duty military excepted). However, New York State still allows a deduction for qualified moving expenses if your new workplace is at least 50 miles farther from your old home. Consult a tax professional.
What is a bridge loan?
A bridge loan is short-term financing (6 to 12 months) that lets you buy your new home before your current one sells, using your current equity as collateral. It carries higher interest rates but can eliminate dual housing costs.
Should I rent out my home instead of selling?
Becoming a long-distance landlord has risks: property management costs, vacancy, maintenance, and loss of the capital gains exclusion if you are away too long. It can work if rental income significantly exceeds your costs, but for most relocating homeowners, selling is cleaner.
How do guaranteed buyout programs work?
Your employer's relocation company appraises the home and offers to buy it at appraised value if it does not sell within a set period. This guarantees you a floor price and eliminates the risk of carrying the home indefinitely.
What if I've lived in the home less than two years?
You may qualify for a partial capital gains exclusion if the move is due to a change in employment. The exclusion is prorated based on the time you lived in the home. Consult a tax professional for the calculation.
How can Hudson River Realtors help with a relocation sale?
We connect relocating homeowners with agents who can execute on tight timelines, manage the property during your absence, and coordinate with relocation companies when applicable. The referral is free.