We've all heard the news about how there isn't enough homes on the market to keep up with the demand of homebuyers. So you may be hesitating if you're thinking of selling your home, it may seem like there's nothing out there to move to. However, I can solve that problem for you!
- Make a Plan: You've decided that you want to move. Now, before you put your home on the market, make sure you make a plan with your REALTOR®. Find the area and type of home you want to buy and get an idea of what's on the market. Once you have an idea of the market, then you and your real estate agent will put the plan into action.
- Watch the Market: Once your home is for sale, keep an eye on the homes you like, and any new homes that come on the market. Don't get attached, just watch the market. Once you get a contract on your home, it's time to tour homes to buy!
- Make an Offer: When the house you are selling has a contract on it and your are touring homes. It is time to make an offer! The key is to have a couple of homes you love, so you can put in a few offers. If you like 80% of the house, go for it!
- Stay Patient: Your main job is to stay patient, not only with the showings happening at your home but with your own home search. It's going to be a hectic period of time but your REALTOR® should make it as smooth as possible. If they are experienced, this type of transaction shouldn't be hard for them at all. They should be able to line up all the dominos, so that they fall into place perfectly for you!
Now that you have a better idea of how the process would work, you shouldn't hesitate to sell your home in today's market. Home values are rising, so making a move now could be a win-win for you, sell your home for a good price and move-up before prices are even higher.
Make sure your REALTOR® is experienced and does a good amount of business, every year. The more transactions they have been a part of the easier it will be for you. Plus you'll have a good negotiator on your side for both transactions, helping you maximize your value and close on time.