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.
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. Ask your real estate agent if they know of any homes that aren't listed but might be for sale. They may even 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 legallyTalk to your real estate professional about adding a contingency clause in the purchase contract for the home you are purchasing that will enable you to cancel the contract in the event your home does not sell.
Author:Lynda Western Phone: 602-919-0857 Dated: March 30th 2017 Views: 360 About Lynda: A family oriented person, Lynda has a passion for helping people in unfortunate situations. An Ariz...
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