Thinking of selling your home but you’re hesitant to sell in fear that you’re not going to find the new home in time? I totally get it. It is a stressful situation and one that can make you lose sleep over!
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 if it takes longer to sell or buy a house than anticipated.
So what happens when you sell your home and you haven’t found your new home yet?
Well you’re basically wondering where in the heck you’re gonna live. Here are a few options you can consider; the first is you can consider is 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 that you have to rush and pick one. Another possibility is to do a rent back. In this option you can 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 aren’t in any hurry to move but it also is good for you because then you’ll be in a much stronger position when you go to buy. Another option is to ask the buyer to extend their escrow – meaning you ask the buyers if they’re willing to push out the closing date to give you a little more time. You could also consider unlisted or off market properties but the bottom line is that there are options. I can explain these options in more detail and help guide you through this process. There are a few more strategies that we could discuss to help you bridge that gap and I’d be happy to help walk you through all your options and to help you find the best solution that’s going to work for you and your family.
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?