Thinking of Selling your home but you’re hesitant to sell in fear you won’t find a new home in time? I totally get it… it’s a stressful situation and one that could make you lose sleep!
Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station. I understand that the home buying and selling process can be stressful, especially when you have to do both…. Sell and Buy at the same time. Things can get complicated if your closings don’t align or it takes longer to sell or buy a house than anticipated. So what happens when you sell your home and you have not found your new home yet? Well, you’re wondering where the heck are you going to live? Well, here are a few options you can consider.
You can consider finding a home to rent. Renting a house for a bit will give you more time to look for that perfect home without having to “settle” just because you feel you have to rush and pick one. Another option is to do a rent back option. In this case, you complete the closing process with the buyer, and then they agree to let you stay in the house while you rent the home back from them for a short time. This is a good option if the new owners are not in any hurry to move but it also is good for you because then you’ll be in a stronger position when you go to buy. Another option is to ask the buyer to extend their escrow, meaning you ask the buyers if they are willing to push back the closing date to give you a little more time. You could also consider unlisted or off-market properties. Bottom line is that there are options.
My team and I can explain these options in more detail and help guide you through this process. There are a few more strategies that are available that we could discuss to help you “bridge the gap”. I would be happy to help walk you through all your options and to help you find the best solution that will work for you and your family. Reach out to us at any time, we’re here to help. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home!