Tips for Buying & Selling at the Same Time05/29/2018 Juggling between buying and selling a home can get tricky at times. If you find yourself in a situation where you need the funds from your home sale to purchase your next house, the timing of your home sale can be critical to meeting deadlines. In the interim, it's good to come up with a few different options to ensure that you can get from your current home to your next destination as easily as possible. Here are some creative ways to get to your new home unscathed. Rent your home. In a hot real estate market – you might sell your home quickly. This may not seem like a big issue until you realize you aren’t ready to uproot your family on the closing day. If you need a little bit more time, consider asking the buyer if you can rent your home for a certain length of time until your new home closes. If you're working with a well trained and professional real estate agent, he or she will be able to help you negotiate these terms up front. This will allow you to avoid moving twice! Store what you don’t need in a portable box. If you sell quickly, you could consider storing the things you won’t need during this transitional time in a portable storage box. With companies such as Smartbox, you can have a portable storage box dropped off at your home so you can pack it yourself, have it picked up, and then schedule delivery right to your new location when your home closes. This will allow you to only load and unload one time when your home is ready. Get creative with your mortgage options. Although not an ideal situation, sometimes you don’t have a lot of choices and must purchase a home before your home sells. If this is the case, talk to a loan consultant about your options. It’s important that you check to see if you can qualify for a second mortgage based on your financial situation. If the traditional application process doesn’t work – you can always ask about tapping into your home equity or looking into bridge loans. And, as always — if you’re ready to purchase a new home and would like to start earning cash back with a SIRVA referred agent contact us today. Or please give us a call at 800-531-3837 and talk to one of our loan consultants about your options and our $500 mortgage closing cost credit – we would be happy to help you! Find an Agent & Earn Cash Back! >>
Tips for Buying & Selling at the Same Time05/29/2018 Juggling between buying and selling a home can get tricky at times. If you find yourself in a situation where you need the funds from your home sale to purchase your next house, the timing of your home sale can be critical to meeting deadlines. In the interim, it's good to come up with a few different options to ensure that you can get from your current home to your next destination as easily as possible. Here are some creative ways to get to your new home unscathed. Rent your home. In a hot real estate market – you might sell your home quickly. This may not seem like a big issue until you realize you aren’t ready to uproot your family on the closing day. If you need a little bit more time, consider asking the buyer if you can rent your home for a certain length of time until your new home closes. If you're working with a well trained and professional real estate agent, he or she will be able to help you negotiate these terms up front. This will allow you to avoid moving twice! Store what you don’t need in a portable box. If you sell quickly, you could consider storing the things you won’t need during this transitional time in a portable storage box. With companies such as Smartbox, you can have a portable storage box dropped off at your home so you can pack it yourself, have it picked up, and then schedule delivery right to your new location when your home closes. This will allow you to only load and unload one time when your home is ready. Get creative with your mortgage options. Although not an ideal situation, sometimes you don’t have a lot of choices and must purchase a home before your home sells. If this is the case, talk to a loan consultant about your options. It’s important that you check to see if you can qualify for a second mortgage based on your financial situation. If the traditional application process doesn’t work – you can always ask about tapping into your home equity or looking into bridge loans. And, as always — if you’re ready to purchase a new home and would like to start earning cash back with a SIRVA referred agent contact us today. Or please give us a call at 800-531-3837 and talk to one of our loan consultants about your options and our $500 mortgage closing cost credit – we would be happy to help you! Find an Agent & Earn Cash Back! >>