With low inventory in many markets throughout the country, many homeowners are afraid to sell their homes because theyâre concerned that they may not be able to find a new one. This can be a real problem, but if you are seeking to sellâwhether to upgrade or find a new neighborhoodâthere 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 online, 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 Realtor 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 financially 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 have a rent back period and time to find a replacement home.
As your REALTORÂź, I will guide you through the home selling and buying process. Let me help you sell or find your new Denver home. Call me today at 720.675.7355 or email me at donnahansenion (@) gmail.com.
Author:Donna Hickey Hansen Phone: 303-949-3393 Dated: June 30th 2016 Views: 380 About Donna: As a Realtor and real estate investor, I love finding first time home buyers, move-up buyers and inv...
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"I hired Dave Hansen to help me find a house. I was so undecided and up in the air of what I should do and he was very patient and helpful in every aspect of my home purchase which was a blessing because I know I wasn't an easy customer. He stuck with me and "held my hand" so to speak. A great guy and a true professional. "