With low inventory in many markets throughout the country, many homeowners are afraid to sell their homes because they're concerned that they may not be able to find a new one. This can be a real problem, but if you are seeking to sell-whether to upgrade or find a new neighborhood-there are a few ways to combat the low inventory.
Look to buy firstIn most markets it is a real mistake to put your home up for sale before you start looking for your new property. Identify the geographic area where you are interested in buying. Even if you don't see anything on Zillow, it doesn't mean you can't or won't find the right home.
Think outside the boxBe proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the neighborhoods in the geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighborhood. You could find a home to buy that may not even be currently listed or for sale.
Protect yourself legallyEach state varies in how the purchase process is conducted. Talk to your real estate professional about adding a clause in the purchase contract for the home you are selling that will enable you to not sell the home if you cannot find a suitable home to buy.
Contact me if you are thinking about moving I will gladly help you!
About eXp - Licensed by Louisiana Real Estate Commission
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
Selling or listing your home during the holiday season can someti
"We tried to sell our condo and initially listed the property with a
well-known agency, they advertised to buy my home if it didn’t sell
, (60% below my asking price, no thanks!) During that period of
time the condo did not get a single showing, so, we decided to try
for sale by owner, we dropped the price $10,000, the phones rang
off the hook, however not by qualified buyers, but by real estate
agents. Amazing how they all had buyers interested in the property,
but quickly realized they only wanted to list my home and the buyers
did not exist.
We received Michaels brochure and called him,
with 2000+ buyers, Michael and EXP Realty had a cash offer,
Thank you Michael,"