Afraid You Can't Move Out in Time?
Are you feeling cramped in the home that once was perfect? Whether having another baby or an older child moving back home, or maybe even a parent or other family member joining the ranks. Maybe the living space is fine but with our new normal you are working from home ad the kids need space to do their online classes and homework.
Setting up work in the dining room or family room is just a hassle and often these spaces have too many distractions. If 2020 showed us one thing, it's become apparent that you just need more space. A bigger house with a dedicated office, maybe even another flex room for learning space. Or my personal favorite option...a home gym!
The catch is: you are not alone. Lots of people are in the same situation, looking for the same things and inventory is low. That is a great thing when it comes to selling your house! But what about finding a new one that meets your new needs?
Navigating a busy seller's market with low inventory can be a real challenge. How do you coordinate selling and buying at the same time? Should you list first or find a new house first? This is a very common question.
We've been helping people sell and buy in East Pierce County and South King County for over 20 years and have helped many clients maneuver successful transitions like this. In a seller's market, it's unlikely sellers will accept any contingencies especially if your current home isn't even listed.
There are some great options for you as a seller though! One that I talk about today is a seller lease back. This means you stay in the house after closing for a negotiated amount of time, so you can find and close on your new home. Another option is to extend the escrow period, meaning close in 60 days instead of 30 to give you more time on the buying side. These ideas can also be helpful when strategizing the offer that you make on the new home.
If you're thinking of entering the market and buying and selling a home in East Pierce County or South King County, my team and I would love to assist you. Always reach out for any advice or questions as we're here to help. We're your Community Market Leaders.
And remember, whether you’re buying a home or selling a home, it all starts with a dream. Let’s dream together!