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We need to sell first, but let's go look!

By Peter den Boer

Real Estate Agent with Atlanta Communities 303302

June 03, 2019 05:47 AM

There are many times that home sellers need to be looking for the next home. If there home sells before they find the next one they could end up homeless and/or in an expensive hotel until they can find and move in to the next home. This dance of trying to have back to back closings is always a bit stressful for everyone.

But what if the potential sellers are not even thinking of selling their home for 6 months and want to start looking for the next one? Well, if they are amenable to putting their home up for sale quickly once the next home is found, and the market will support a quick sale , then fine. But what if these conditions don't exist?

I am afraid these folks might be wasting everyones time. What if you do find that perfect next home? Do you really believe it will still be there waiting for you in 6 months? Probably not. I would suggest waiting until you are a bit closer to the date you wish to list your home before hitting the streets looking for the next home. This will save you, and everyone else the heartache of watching that perfect next home go to another buyer who is ready to pull the trigger.

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RE Virtual Solutions

RE Virtual Solutions - Saint Charles, MO

Virtually helping real estate professionals.

Peter you could not be more right. We anticpate moving in 6 months and while it is fun to look at homes online, we do so knowing that they won't be there in 6 months and if they are, then that's a home we would not want. It would be silly to waste an agents time viewing a home we could not act on.

Jun 03, 2019 05:58 AM

Peter den Boer

Woodstock, GA

Norma J. Elkins

Elite Realty Group - Morristown, TN

Realtor - Elkins Home Selling Team

That is a sticky situation and one that I have seen far to many times. I always encourage people to start house hunting early but I remind them that contingencies are sometimes hard to deal with and people don't want to wait on another house being bought or sold before they can close their deal.

Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

HomeSmart Stars - Addison, TX

Real Service. Real Results. Real Estate

It's difficult to find a seller who is willing to accept an offer contingent on the sale of the buyer's current home. Better to wait until the buyer's home is listed and then request a temporary leaseback from the new owners, if necessary.

Jun 03, 2019 06:19 AM

Peter den Boer

Lorrie, we do find success with home sale contingencies, but it has been much tougher with the current sellers market we have.

Jun 03, 2019 06:24 AM

Marte Cliff

Marte Cliff Copywriting - Priest River, ID

Your real estate writer

Once upon a time in our community, those contingent sales would have been fine. After all, homes were on the market for months or even years before a buyer came along.

In a seller's market, a seller would be foolish to go along with that. \

Avoid disappointment - at least get your house on the market before you go shopping!

Jun 03, 2019 09:59 AM

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hello Peter - so much is gained when a true two-way conversation takes place so that there is an understanding and an effective game plan for seller/buyer and agent/broker.

Jun 07, 2019 09:15 AM

We need to sell first, but let's go look!

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