Buying a New Home but Need to Sell Your Current One? Here’s How to Make It Happen!
Filed under: Home Tips
So, you’re ready to buy a new home, but there’s a little catch – you still need to sell your current one. Don’t worry because I’ve got some helpful tips to make that happen smoothly and efficiently.
Finding a House When Not Much Is For Sale
Let’s address the first hurdle: the inventory problem. It’s no secret that the housing market has been incredibly competitive lately, with limited options available for buyers. This can make it challenging to find your dream home while you still own another property. Have you considered investing in a new build to create more time to sell your current home?
Why a New Build Offers Flexibility
Opting for a new construction home offers several advantages, including more flexibility in timing. It’s essential to understand that many builders have a 4-6 months waiting period due to high demand. This may work to your advantage, giving you time to sell your current home.
In addition, the current real estate market is experiencing a surge in buyers. You may be able to sell your home faster than expected. Meet with a trusted real estate professional to discuss when to list your house for sale and review requirements for securing funds for the new build. In many cases, the lender may recommend having your home sold 30-60 days before you move into your new one.
Planning Ahead with a Real Estate Agent
If you unexpectedly have to sell your home in order to secure financing on your new home, you may end up losing a lot of money in a desperate sale. Your real estate agent will know all the details of the contracts and guide you toward sensible decisions. In some cases, you may have to seek short-term housing between selling your existing home and moving into your new build. Prepare for multiple scenarios to make the move as smooth as possible.
Call Cale Thomas with Properties Direct
If you’re in Temecula and need assistance buying a new home and selling your current one, I’m here to help. My name is Cale Thomas, and I specialize in real estate for buyers and sellers. You can reach me via text, email, or phone at (951) 473-0390 or [email protected]. Feel free to reach out, and let’s discuss how I can assist you in making your real estate dreams a reality.