Solving the Seller’s Dilemma — Selling and Buying Simultaneously
If you’re considering parting ways with your home and searching for a new one, prepare for The Seller’s Dilemma. How do you find a new home when inventory is low while concurrently selling your current home? How do you beat multiple offers on your dream home while also ensuring you can sell your existing home? Maybe you are concerned about possibly “overpaying” for a new place; But, the truth is, any premium you may pay on purchasing a new home, is cancelled out by the premium you receive on the sale of your other one. It turns out that this isn’t a dilemma at all, but an opportunity. The advantage of concurrently buying and selling is unlocking the equity you’ve built, even if you purchased in the past few years. And with mortgage rates still historically low, you likely have more buying power than you realize.
As a result of low inventory, many would-be sellers have been watching from afar with no next dream home in sight. That’s where a strategic real estate partner comes in. Preparing in advance for a sale is advantageous on the buy side. We are experts who can get your house market-ready, so if you do find your dream home, you’ll be in the best possible position to jump on it. There are many options – pocket purchases, lease-backs, pre-listing, etc. for a concurrent sale/purchase.
Even if you only have a slight curiosity about what your next move could be, if you’re in this position, give us a call and we can assist you with a strategy. It doesn’t matter if it’s 10 days or 10 months down the line, our goal is to help you love where you live.