
There is a some thing called a Seller's Catch 22 that I wrote about on my other blogs in the past. This comes into play for homeowners that would like to sell their current home and buy a new home.
Do you sell first? Buy first? Either way is risky because you could end up owning two homes or no home at all. There is a careful balancing act of timing the sale of the current home and the purchase of a new home.
And let’s face it, the real estate market is ALWAYS changing and always has challenges. Is it a seller's market? Buyer's market? Balanced market? Last year is not the same as this year and next year will have it's own challenges as well.
You need to hire a real estate agent that thoroughly understands the CURRENT market and what your options may be. If you are thinking about making a move, consider these five things and then I hope you will give me a call to help you work out the details and your options.
- Where do you want to go & why?
- How much will you be spending on a new home?
- How much do you owe on your current house?
- When do you want to move?
- Is your current house more important in the moving equation or the next home?
Are you a nosy neighbor? :-) Download my app and see what homes are for sale around you!
