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HESITANT TO SELL IN FEAR YOU WILL NOT FIND A NEW HOME IN TIME

Don Pelletier

With over 36 years as a professional Realtor, and the 2,200 San Diego home sellers and buyers Don has represented, he has a long-standing tradition an...

With over 36 years as a professional Realtor, and the 2,200 San Diego home sellers and buyers Don has represented, he has a long-standing tradition an...

Feb 18 4 minutes read

Listen up Sellers! Are you hesitant to sell because you fear you will not be able to find a new house in time. I totally get it… it’s a stressful situation and one that could make you lose sleep at night!

 I understand that the home buying and selling process can be stressful, especially when you have to do both…. Sell and Buy. 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? 

First, Congratulations on the sale of your home! Now the next question is 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 idea is to find an apartment or home that will do a month-to-month rental so you are not committed to a long-term contract. An air BNB is another idea that can provide you with short-term rental solutions. 

Another option to consider is expanding your “preferred area” to increase your chances of finding a home that meets your needs. This will give you a bigger selection of homes to choose from and may allow you to find your next home sooner rather than later. 

There is also the rent back option. In this option you complete the closing process with the buyer and then both parties agree to let you stay in the house while you rent the home back from the new owner. This is a good option if the new owners are not in any hurry to move in. 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. Talk with an agent who can explain this option 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”. My team and 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 should you find yourself in this position, and to make sure that your home is not sold out from under you!

 


 


Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!

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