Homeowners often are afraid of listing their home for sale without finding their next home first. Shopping for a home, when you are not in a position to buy can be a painful experience.Let's say you visit 10 homes, and finally find a great new home! But wait, you are not in a position to buy. The seller of the great new home (as with most sellers) will not accept an offer from you based upon the contingent sale of your home. Thus, the dream home is sold to someone else and you miss the opportunity.The best homeowners list their home first and then look for a new home. You can always list your home "subject to finding home of choice". This means if you don't find a great new home, you don't have to sell. Remember, every neighborhood has an "average market time" meaning the average days on market to sale. In Northwest Indiana, the average is about 120 days or 4 months. So even if you list your home today, it could take a few months to find a buyer.The best advise is to list first and shop for the new great home second.
Good points. I have had clients ask me the same thing and I always say that they should list their home first.
The perils of shopping before you can buy may leave lingering effects. Finding your dream home only to have it sold before you can buy makes for bad feelings.
Very true Linda! I always do just that........list first... then go shopping!
Steve
I'm always a little leary of people who are out looking for a new home before they have even thought about listing their own. Too much can go wrong.
Linda, thank you for sharing your thoughts regarding"LOOKERS". How long can work with a person that couldn't purchase anything that you show them until they can sell their current residence? What is our time worth? Have a nice day and a Happy Holiday Season! Regards,
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