Need to Buy after Selling? What is your Back Up Plan?

By
Real Estate Agent with Berkshire Hathaway Home Services RS284559

PlansThe current real estate market is a very aggressive Seller’s Market, unlike anything in recent years. 2008 was the last time there was an extreme market. That time period was extreme in a different way and for different reasons.

 

In this current market, most Sellers can put their house on the market, have immediate responses from Buyers, often with bidding wars, and have no problem selling, if their house is initially priced effectively.

 

The bidding wars happen because the supply of available houses does not meet the demand for houses.

 

So if you are a Seller and need the money from your current home to buy your next home, be sure you have a backup plan so you do not end up homeless.

 

We recommend you talk with professionals, like us, who can help you explore all your options.

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Doug Durren and Gloria Todor, Realtors®, SRES®, SFR®

Berkshire Hathaway Home Services, Fox & Roach, Realtors®
3409 West Chester Pike, Suite 100, Newtown Square, PA 19073

610-353-6200 Office

GloriaTrealestate@gmail.com

484-431-3686 call/text/email

 

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 Helping Sellers and Buyers since 2004

 

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Comments (5)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

I am sure that this is supressing more potential seller.  They don't know if they will find a replacement.

Jun 01, 2021 07:05 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Gloria - it's wise to have some alternative plans when attempting to buy real estate.  There are many ways to achieve that goal.  

Jun 02, 2021 03:48 AM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Gloria a few sellers have leased a short term rental to fill in the gap.  Most of the others are in a place to buy first, then sell which is a heck of a lot easier and less stressful if they can afford to do so.

Jun 03, 2021 03:58 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Gloria Todor  You hit the nail on the head .It is a sad  state of affairs in the marketplace right now if you do not have a backup plan 

Jun 04, 2021 04:09 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gloria, having been a chess player I always think six to eighth steps ahead... same for having been in the military... so with that said awesome post... you must have a few fall back options, Endre

Jun 22, 2021 12:23 PM