If you need to sell then buy in today’s market, here are some great options.
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Are you looking to sell but are afraid you won’t have anywhere to go after you do? Here are three options that can help you:
1. Rent after selling. You can rent a property for six months or so (and hopefully get a month-to-month lease) to take some time to think about what you’re looking for in your next home—location, bedrooms, bathrooms, etc. This way, you won’t be distracted by the pressure to sell your current home.
“The great thing about these options is that they give you the upper hand as a buyer when you make an offer on your next potential home.”
2. Rent a short-term rental after selling. By this I mean an Airbnb, VRBO, corporate housing, or something similar. Make this opportunity fun! Have you ever thought about maybe taking a staycation and renting a home by the lake or cottage in the country? You can do that while taking the time to search for the home of your dreams.
3. Try a leaseback agreement. This isn’t a common practice, but in today’s seller’s market, buyers are accepting contingencies from sellers just so their offers get accepted. Typically, you have about 30 to 45 days before you close. Once you get to closing, you can use the proceeds from the sale to start leasing the home back from the buyer. This gives you the opportunity to find the ideal home while staying in your old one, and you’ll only have to move once.
The great thing about these options is that they give you the upper hand as a buyer when you make an offer on your next potential home because they remove the contingency of you needing to sell first. Thus, your offer will be more desirable to sellers.
I don’t want you to miss out on an opportunity to sell your home for top dollar, so if you’d like to know more about this topic, don’t hesitate to reach out to me. I look forward to hearing from you.