Selling a Home With No Place to Move?

Rochester Minnesota Real Estate Podcast with Andy Mulholland

We come across a lot of sellers who want to sell their home but don’t have another one to buy yet. There are a few options available to remedy this situation.

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How do you sell your home if you haven’t found another one to buy yet? This is a difficult situation that a lot of sellers face in our current market, but there are three courses of action you can take to in order to bypass it.
The first option is to buy your new home before you sell the old one. This way, you can wait for the perfect home to come on the market, make an offer on it, and hopefully get that home. If you’re comfortable with it, you can go ahead and list your other home. This is a high-risk option, but it also rates as very convenient because you don’t have to move twice.
Your next option is to list your home now, get it sold, and the moment the contract is signed, make an offer on another home that you’ve been looking at. The challenge with this option, of course, is that there may not be many properties available to look at or make an offer on.

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If you buy a new home before you sell the old one, you won’t have to move twice.

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The third option is to list your home as contingent upon finding another property. In other words, you put your home on the market, and if you get an offer and accept it, you as a seller are not obligated to fulfill that contract and close on it until you’ve found another property you’re comfortable purchasing within a certain time frame.
Another thing to consider is that our team offers a guaranteed sale. If you list with us and your home doesn’t sell, we step in and buy it. This allows you to go out and purchase another property without worrying about selling yours.
If you have any questions about this or any other real estate-related topic, please give us a call or visit us at our website. We look forward to hearing from you!