
In our current market, homes are still moving quickly. That's good news for sellers -- but it can make it a bit challenging for you if you're looking to buy and need to sell your current home first.
Most sellers today aren't overly excited about offers from buyers who still need to sell their home. Understandably, most sellers would prefer to enter into a contract with a buyer who is ready to move forward, and who does not need to wait on another sale.
So if you're in a situation where you need to sell your home before buying your next one, we need to start by talking through the selling game plan.
There are a few different ways we can approach this, and we should explore all possible options...
Will we go ahead and put your home on the market now (or soon) so that once it's under contract, you're ready to make an offer on something you want to buy?
If your home goes under contract quickly but we haven't found your next home yet, will you be comfortable moving into a rental temporarily to give you more time to find the house you would like to buy?
Is there a chance we can identify a buyer for your home before it goes on the market -- a friend, neighbor, etc. -- who would be willing to wait in the wings and sign a contract once you've found a home to buy?
No matter what strategy seems to make the most sense for you, or seems to be the most likely to work in your situation, we'll need to map out that game plan ahead of time for the sale of your current home. This will be essential in order to give you a chance at being able to buy a home.
So -- if you're thinking about buying and know you'll need to sell -- let's start by talking about the selling side of the equation, or at a minimum, let's make sure to talk about selling at the same that that we're also exploring buying.