With low inventory in many markets throughout the conutry, many honmeowners are afraid to sell their homes becuase they're concerned that they may not be able to find a new one. This can be a real problem, but if you are seeking to sell-whether to upgrade or find a new neighborhood-there are a few ways to combat the low inventory.
Look to Buy First:
In most markets it is a real mistake to put your home up for sale before you start looking for your new property. Identify the geographic area wher eyou are intersted in buying. Even if you don't see anything on Zilllow, it doesn't mean you can't or won't find the right home.
Think outside the Box:
Be proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the nieghborhoods geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in the neighborhood. You could find a home to buy that may or may not even be currently listed or for sale.
Protect Youself Legally:
Each state varies in how the purchase process is conducted. Talk to your real esate professional about adding a clause in the purchase contract for the home you are selling that will enable you to not sell the home if you cannot find a suitable home to buy.
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