It’s a Seller’s Market – Until You Need a Place To Go
In today’s competitive real estate market, prices are up, multiple offers are no longer the exception, and listings are being snatched up at breakneck speed. While sellers have the advantage in most cases, some are sitting on the sidelines knowing they will have fewer options when they become buyers. That’s why it’s imperative to plan ahead.
If you’re thinking about selling your home, here are a few ways to navigate the current market:
Start your home search early
Be proactive in your search. Discuss your wants and needs with your @properties Christie’s International Real Estate agent, who may have access to listings before they hit the market.
Get creative with negotiations
Today’s buyers are generally more flexible with timing. Negotiating a rent-back agreement with a buyer is one potential option that will allow you to live in your home for a designated period after the closing. Note, lender restrictions may limit the amount of time you can rent back, so check with your agent.
Buy some time
For sellers who achieve a high sales price (maybe even one above list), the tradeoff could be renting for 6 months or a year in order to conduct a more thorough search for your next home. That’s OK. Don’t let a little short-term pain get in the way of the long-term gain of selling at the right time.
Navigating a sale and subsequent purchase can be tricky in today’s market, but in real estate things have a way of working out when you plan ahead, stay patient, and keep an open mind.
For more buying and selling tips, or a market analysis of your home and local area, reach out to your @properties Christie’s International Real Estate agent.
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