Selling a home is pretty easy in today’s market, but finding one to buy is a different story entirely. In fact, it’s a problem that’s stopping many would-be sellers from jumping into the market. If you’ve been thinking about selling your current home but are worried about buying another, there are a few things you should think about.
New inventory is coming onto the market each day, especially now that we’re in the summer months. If you start looking now, you’ll be more likely to find a place that fits your needs. However, if you don’t sell your home first, you’ll be stuck making a contingent offer on your next home. This won’t work in today’s market, as sellers have many potential buyers to choose from already.
To survive in today’s market, you definitely need a plan to follow if you can’t find a home quickly enough. For many sellers, that means renting a place for a while. But with the profits you earn from selling your home, you’ll likely be able to cover this expense without spending anything extra.
You can also take another route that involves renting your home back from the buyer. Sellers have a ton of leverage and can essentially set whatever terms and conditions they would like. Many of our clients are including an occupancy agreement in the contract, which lets them stay in the home while they look for another.
If you’re looking for help with navigating the buying and selling process, or if you have any questions about our market, feel free to reach out to us. Until then, we look forward to hearing from you soon.