With low inventory in our current market, many homeowners are afraid to sell their homes because 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, downsize, or find a new neighborhood…there are a few ways to combat the low inventory.
Look to Buy First – It could be a real mistake to put your home up for sale before you start looking for your new property. Identify the geographic area where you are interested in buying. Even if you don’t see anything of interest on the real estate websites you use, doesn’t mean you can’t or won’t find the right home.
Think Outside the Box – Keep in mind that there are many people like you who want to make a move but are hesitant, as well. As your real estate agent, I would send a heartfelt and personal letter to the neighborhoods in the geographic areas where you want to live, announcing that you are ready to buy a home in that neighborhood. We could find you a home to buy that may not even be currently listed for sale.
Protect Yourself Legally - When we find a home you want to purchase, I would ensure a clause is added 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.