Hesitant to sell in fear, you won’t find a new home in time?
Listen up, sellers! We totally get it… It’s a stressful situation and one that could make you lose sleep at night! We understand that the home buying and selling process can be stressful, especially when you have to do both things, sell and buy. Things can get complicated if your closings don’t align or if it takes longer to sell or buy than you anticipated. So, what happens when you sell your home and you have not found a new home yet?
Well, here are a few options you can consider. You can consider finding a home to rent. Renting a house for a while gives you more time to look for that perfect home without having to “settle” just because you feel like you have to rush and pick a new house. Another idea is to find an apartment or home that will do a month-to-month rental for you so you are not committed to a long-term contract. An Airbnb is another good idea that can provide you with a short-term rental solution.
Consider expanding your “preferred search area” to increase your chances of finding your move-up home. This will give you a bigger selection of homes to choose from and may allow you to find your next home in a quicker time frame.
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 past your possession time, 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. You may be able to negotiate with 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 bit more time.
You could also consider unlisted or off-market properties. Talk with a Grand Rapids area agent who can explain this option in more detail and help guide you through the process. There are a few more strategies that are available here in West Michigan that we could discuss to help you “bridge the gap”. We would be happy to help you walk through all the options and to help you find the best solution that will work for you.
For more options, contact us at A&J Realty Partners brokered by Key Realty. We are here to help you fulfill your dreams no matter the size!
We're April and Jean and we love helping people get into a home that fits their lifestyle. We call it "Right-Sizing", whether that is moving up to a bigger home or downsizing into something smaller. Let us know how we can help you make your real estate dreams come true.
2850 44th Street SE
Grand Rapids, MI 49512
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