Upgrading Homes? Use Temporary Housing in Between
Filed under: Home Tips
If you are looking to sell your home and buy a new place at the same time, a lot of things have to fall in place to make the timing work. The best tool that you can use to get the most out of selling your old home and buying a new one is temporary housing. It sounds awful to move twice and rent in between, but this move will leverage the power that you need when buying a new home.
The Benefit of Temporary Housing between Homes
Of course, for those with a house full of furniture and people, the ideal plan is to find a new home as soon as your house sells and line up the closing dates to move directly into the new home. But, unfortunately, that plan isn’t ideal in the current market. Here’s why:
The Contingent Offer
When a seller is looking to choose you as the buyer, they have to put faith in your financing working out. When you have a contingency that says, I can only buy your house if the sale of my house goes through, the seller also has to rely on the financials of the person buying your home.
That is a lot of risks to take when they have multiple offers on their home. If you want to be competitive in getting the home of your dreams, you need to go into it without contingencies.
While it sounds labor-intensive to move all of your stuff out into storage, it can pay off in the long run. First, wait until your home sale has gone through, collecting all the money in the bank. And then get pre-approved and go house hunting. You will know exactly what you can afford without guessing what you’ll make on your home. And a buyer will be much more likely to choose you in a bidding war with others who have contingent offers.
You can’t find a better time to sell in Temecula than right now. You can get the most value out of your home by using an expert real estate agent. Contact me, Cale Thomas, at Elite Properties Direct by calling (951) 473-0390 or [email protected] to get started on selling your home.