This is an exciting time in real estate. Low mortgage rates have more people looking to buy a home. Sellers are also seeing their homes sell faster with less time on the market. If you’re looking to sell your home with an eye on buying another home, you are most likely going to handle the process and timing simultaneously.
Buying and Selling Timing Tips
What to do when you’re placing your property on the market with an eye on buying a different home? Similar to anything else in life, a process begins with a strategy and a plan. Here are a few tips to get started:
1. Start your search early
Become familiar with potential new neighborhoods and current home listings before listing your home. Seriously think about looking for homes, and create a list of homes that meet your criteria.
2. Prepare your home to sell
Check out our earlier post Preparing Your Home to Sell for tips that will aid in selling your home quickly and for the right price. If you’re already prepared to purchase a new home, it’s important that your house doesn’t sit on the market for too long.
3. Have a plan B
What happens if timing isn’t on your side? When your home sells and you have yet to find a home to purchase, it could be time to consider plan B. Search for storage unit facilities, rental options or the hospitality of family if you become in need of temporary housing. It’s probably better to get the price you excpeted on your existing home and buy the home you really want to move into, rather than compromise either the buying or selling process because of timing factors.
4. Work with a real estate professional
An experienced agent can help you efficiently work through both selling your home and buying your next home. Your real estate agent can work out the contract details to get the most favorable timing for you and streamline the search process so you’ll find the home you really want quickly and at a competitive price.
Our experienced, knowledgeable and dependable real estate team will be there to help you navigate the tricky timing of buying and selling a home. Our expertise and deep knowledge of Ocala, Marion County, and the surrounding areas can help guide you to neighborhoods that are the best fit for you when it comes to lifestyle, convenience, community and schools. Call us at 352-351-4718 to get started.