Want To Sell Your House But Are Concerned In Buying?
The housing market is stuck in gridlock. There are far more purchasers than available properties on the market right now. This is fantastic for sellers, but many of them are anxious about finding a new home and are unwilling to put their property on the market while they wait. If you are thinking of selling and taking advantage of large equity gains but having to buy is holding you back, here are five out-of-the-box solutions for you to consider:
Take WFH to the Next Level
The workplace is evolving, and employers are becoming more flexible in how they expect their employees to report. In fact, some businesses have discontinued the workplace entirely. Working from home (WFH) allows you to set up your office anywhere you choose. Depending on your circumstances, you may be required to give updates from time to time; but what if you only had to report live once a week, once a month, or just a few times throughout the year? If you're intrigued, speak with your employer about working from home and broadening your house search location.
Make a New Adventure with Short-Term Rentals
Some sellers are unwilling to deal with the stress of selling and then purchasing again, so they opt for a holiday instead! Moving into a short-term rental (usually for less than 30 days but it depends on the location) may help alleviate the tension of juggling two deals at once, especially when mortgages are involved and everything has to close on schedule. You would need to store your belongings while unhoused, which makes this option unappealing for some, but if you are ready for an adventure, this might be a great solution.
Try a New Experience and Rent
Have you ever wanted to live in an urban loft or see what it's like to live in a certain destination? Rent for a few months or a year and see if it's something you want to pursue.
Is There Housing Products That Isn’t in as High Demand?
Different homes have varying levels of demand. For example, two-bedroom properties will usually have less demand than three-bedroom properties or houses in need of some improvement. If you can be flexible with your requirements, it may pay to be adaptable.
Take It on the Road
There are individuals who have chosen to live a mobile lifestyle and acquire RVs. RV resorts can be found all across the country, including some in our own community. If you're interested in trying out tiny living, now might be the time.
There are also loan options available, such as bridge loans, that may assist with transaction timeliness, but if you truly want to sell things separately from buying, it's time to get creative!
You might be surprised by the number of alternatives you have. If you want more advices, ask an agent and let's talk about it here at Bushnell Real Estate Solutions. Contact us now!