Make Your Move on the Housing Market

ADDED ON June 22, 2015 0 COMMENTS

selling your home to relocateCurrent market conditions may be tempting you to sell your home while demand is high and interest rates are low. Before jumping into the sale of your home, you may want to spend a few minutes consulting with a local real estate professional, like me, to make sure you understand contingencies and what they mean in terms of the order in which you sell your home and purchase another.

Know Your Options
You may have several choices, from an early listing and rent back option to a quick sale or placement of a contingency. A trusted real estate agent can explain the differences between each and determine which is the best option for your home sale. No matter what you decide to do, plan your finances carefully:

  • Plan for higher than usual expenses while navigating through dual transactions, since you could be supporting both households for a brief amount of time.
  • Know housing market trends and comparable neighborhood sales to help you feel more comfortable with selling process. This will also give you a ballpark estimate on possible proceeds.

Deciding To Buy Your Next Home 
Once an estimate is secured on the sale of your current house, it’s time to start looking for a new home. To make the process easier, consider a few things before starting your search:

  • Determine where you want to live and the right size home.
  • Put together a list for the new home featuring “must have” amenities as well as a wish list.
  • If you are relocating to an area far away, seek a real estate agent and/or mortgage lender referral from friends or family in that area; or ask me for suggestions. Different areas require varied strategies in home buying, so a local expert is always your best bet for finding the right home when you are making a big move.

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