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 first In 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 box Be 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 legally Each 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.
An evacuation plan is a necessity for every home, especially if you li
"Nick Wall was amazing in helping us sell our condo in Mira Mesa and buy a home in Rancho Bernardo. Very knowledgeable of of the processes and was able to get us exactly what we wanted. Nick negotiated a lease back for us, which gave us more than enough time to find the home we love without having to rush after selling our condo. Nick was transparent throughout the entire process and was patient in answering our many questions. He was also sensitive to our current situation (infant child with 2 working parents) and took that into consideration when negotiating or scheduling things. He even offered to help us with moving-related tasks after we closed escrow (meeting trade workers at the home during working hours, small maintenance jobs, etc.). I highly recommend Nick and will be referring him to anyone I know who's looking to buy, sell or just needing to have a conversation with a real estate professional!"