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Just Having a Back Up Plan Alleviates Pressure

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Real Estate Agent with Long and Foster Real Estate VA License # 0225089470

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.

Comments(11)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Yeah, I totally get it that having a back up plan is the way to go and especically in these pandemic times.  Anything tomake it seem more normal.

Dec 06, 2020 12:42 PM
Chris Ann Cleland

The pandemic has little to do with it in terms of the real estate market.  It's just supply and demand.

Dec 06, 2020 01:22 PM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Hi Chris Ann it's a ticky widget making all the balls bounce in the air and keep them all moving forward. Thankfully we have some good solutions for people to live in a temporary place if need be.  And that is needed these days. 

Dec 06, 2020 12:59 PM
Chris Ann Cleland

Having options is the only way to go at it.

Dec 06, 2020 01:22 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I seldom need a back up plan however I love being a problem solver rather than a  victim 🤓

Happy Sunday evening Chris Ann Cleland 

Dec 06, 2020 05:14 PM
Chris Ann Cleland

Being a problem solver is part and parcel of the job.

Dec 07, 2020 08:52 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I like having backup plans and I like them even more when I don't even have to resort to them, haha.

Dec 07, 2020 04:18 AM
Chris Ann Cleland

Not having to resort to them is awesome.

Dec 07, 2020 08:52 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Chris Ann. I do not like moving one bit. That said, I did move twice one time because the final move was not avaialble and the alternatives were not good. Enjoy your day!

Dec 07, 2020 04:59 AM
Chris Ann Cleland

The choice to move twice in a vacuum is not one any seller is going to make.   When the actual choices are narrowed down, it is soimetimes the alternative that works out best, just as you found.

Dec 07, 2020 08:57 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Chris Ann Cleland - that back up plan will certainly avoid panic.  It is best to have it.

Dec 07, 2020 07:33 AM
Chris Ann Cleland

Panic leads to crappy decisions.  Back up plans lead to calm, cool, collected thinking which normally results in not needing the back up plan.

Dec 07, 2020 08:57 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Great post Chris Ann Cleland it seems as though there is a demographically rich opportunity to fill here. In the meantime we do the best that we can as agents.

Dec 07, 2020 09:39 AM
Chris Ann Cleland

Demographically rich?  

Dec 07, 2020 11:37 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

As often as back-up plans need to be implemented, having one is good advice.

Dec 09, 2020 03:45 AM
Chris Ann Cleland

You will definitely need one if you don't have one.  That's how it works in my world.

Dec 09, 2020 07:04 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Chris Ann, on having this blog FEATURED in the Old Farts Club group!  

Dec 09, 2020 03:46 AM
Chris Ann Cleland

Thanks for the feature in your group.

Dec 09, 2020 07:04 AM
Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Enjoyed your post today.

Have a Great 2021

Happy Selling!

Jan 05, 2021 02:48 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Oh there are so many things in life you must have a backup plan for.  But certainly if you are selling your primary house without a place to move already owned or pending you gotta have a backup plan.

Jan 05, 2021 07:14 PM