Just Having a Back Up Plan Alleviates Pressure

Just Having a Back Up Plan Alleviates Pressure

Yet again, for the umpteenth time in my career as a Bristow/Gainesville real estate agent, the words temporary housing came up today.  No seller ever enters the market, with the plans to move up and downsize, thinking they will have to move twice.  The desire to move twice does not exist for any person I have ever met.  My mom has been quoted as saying, "Moving is like dying and going to hell."  Of course no one wants to move twice.  

My goal as a Bristow/Gainesville Listing Agent is never have my clients have to move twice.  It starts with post settlement occupancy in a seller's market.  When inventory is limited and buyers are numerous, it is hard to get a home sale contingency to play.  And if you were to get another seller to agree to your home sale contingency, you would be paying a pretty penny for that convenience in a higher sales price.  You have to give the seller something worth waiting for if you want them to wait for you to sell your  home and they have other buyers that don't need to sell to buy.

Post settlement occupany can be done for two months if you sell your existing home to a buyer purchasing with a mortgage.  However, if you have very specific needs and nothing is coming up, two months can go by in a flash.  That brings up the dreaded words...temporary housing.

Every home seller I have worked with in 2020, the most limited inventory market I have seen since starting my career in 2005, the sellers that were willing to entertain temporary housing always seem to avoid it.  I think just having the back up plan ready to go alleviates a lot of the internal pressure that selling and buying can bring.   Buyers make smarter decisions about the homes they will make offers on because they know they don't HAVE to buy right now.

Moving twice is not nearly as bad as being stuck in a home you chose just because you didn't want to move twice.  Make no mistake about it, you feel that way when you move in, you are moving twice anyway. Buyer's remorse will kick in and you'll be making the move eventually.  Only it will be a much more costly move than doing three to six months of temporary housing.