Timing your move as a Seller

January 21, 2021

Timing your move as a Seller

Oftentimes, the biggest hurdle to selling a home is figuring out a strategy to avoid homelessness after the close of escrow. The idea of finding your next, perfect home in a short amount of time can be daunting. In today’s market, finding a seller who is willing to accept a buyer’s offer, contingent upon the success close of escrow of their existing sale is next to impossible. The following is summary of a seller’s options when timing their move.

Your best option is to sell your home, and then take the money and move out.  Couch surfing is not always ideal, but it’s the best way to ensure you get the best price.  If you have multiple family members, or a pet, or happen to be doing this during a pandemic, then this is not an ideal option. It is, however, the best way to ensure you get the best possible offer for your home.

Renting a property after the close of escrow is also a good idea. It’s a lot easier to find a rental property and secure a lease, than it is to close on the purchase of a new home. The downside of this option is moving twice. That being said, you don’t want to rush into a purchase.

A longer escrow is also an option when selling a home.  While a traditional escrow is 30 days, a 45 or 60 escrow is also an option.  That being said, longer escrows can lead to problems.  There is always the potential for a buyer to lose a job, separate from a partner, or win the lotto and decide to move to Maui.  Longer escrow do allow a seller more time to shop for a home, but I feel there is too much risk involved as a seller.

Renting your own home back is a great option if you’re looking to buy yourself some extra time in your home.  These rent-backs are not uncommon in today’s market.  They allow the seller to put money in the bank after closing in 30 days.  That ensures the deal is done, and and makes the seller a non-contingent buyer… the best kind!

Market Real Estate has access to a great guaranteed offer program that allows sellers to receive a guaranteed market rate offer on their home.  This allows the seller to be make non-contingent offers on their next home.  The program unlocks a seller’s equity prior to even listing their home for sale. There is a cost involved to deploy this strategy, but can be well worth it. You actually move into your new home, then fix up your old home, which would allow the home to show at it’s absolute best, and therefore sell for a highest price possible.

Reach out to Market Real Estate to discuss your plan, and we’ll create a winning strategy specifically for you!

Recent Blog Posts

Stay up to date on the latest real estate trends.

The DST is Ideal For Aging Investment Property Owners

February 15, 2024

Perch Wealth, Featured in BIZNOW, explains DSTs

Mortgage Rates, Home Values & The Rental Market

September 28, 2022

Mortgage interest rates play a huge role in home values. These rates are now at 2002 levels, up sharply from all time lows in 2021. The average 30 year fixed mortgage … Read more

Out of State Investing

April 7, 2022

Let’s face it… A lot of real estate investors are priced out of California, and prices are continuing to climb. Here is an example. In 2012 an investor could purchase … Read more

Out of State Investing

April 6, 2022

Let’s face it… A lot of real estate investors are priced out of California, and prices are continuing to climb.

Use a Liquidator Instead

March 16, 2022

Market Real Estate specializes in selling inherited properties. Oftentimes our clients have a quite a project on their hands. One of their biggest concerns is what to … Read more

Use a Liquidator Instead

March 15, 2022

Market Real Estate specializes in selling inherited properties.

Pre-Sale Improvements that Add Value

January 6, 2022

We highly recommend a fresh coat of paint. Paint creates a huge return on investment. The “in-style” colors seem to change fairly quickly these days. We went from tans… Read more

Pay Off Your Mortgage Quickly

December 30, 2021

Going back a few generations there was very little credit extended to people interested in purchasing real estate. Fast forward to the first decade of the 2000’s credi… Read more

Appeal of Cash Buyers… Let’s make you one!

December 14, 2021

There is a lot of competition amongst buyers in our housing market. There are simply more buyers than properties available. There also happens to be quite a few buyers… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.