With low inventory in many markets throughout the country, many homeowners are afraid to sell their homes because theyâre concerned that they may not be able to find a new one. This can be a real problem, but if you are seeking to sellâwhether to upgrade or find a new neighborhoodâthere are a few ways to combat the low inventory.
Look to buy firstIn most markets it is a real mistake to put your home up for sale before you start looking for your new property. Identify the geographic area where you are interested in buying. Even if you don't see anything on Zillow, it doesn't mean you can't or won't find the right home.
Think outside the boxBe proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the neighborhoods in the geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighborhood. You could find a home to buy that may not even be currently listed or for sale.
Protect yourself legallyEach state varies in how the purchase process is conducted. Talk to your real estate professional about adding a clause in the purchase contract for the home you are selling that will enable you to not sell the home if you cannot find a suitable home to buy.
Author:Michael Simpkins Phone: 813-541-3307 Dated: May 28th 2016 Views: 355 About Michael: ...
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DREAMING OF BUYING A HOME? WHAT YOU NEED TO KNOW BEFORE YOU
"Michael is, by far, the best realtor I have worked with. He is extremely proactive in taking steps to both find you the right home, but more importantly help you get it. Living remotely, Michael managed all the "leg work" required around inspections, obtaining elevation certificates, and obtaining general information needed to close. Michael was always readily available and provides very quick answers to questions. He stayed on top of the closing process and ensured I knew what to do and by when. This was very helpful never having purchased a home in Florida. Additionally, Michael took the time to show me the local area and key points of interest. I highly recommend using Michael as your realtor!"