With low inventory in many markets throughout the country, 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 or find a new neighborhood—there are a few ways to combat the low inventory.
Look to buy firstIn most markets it is 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. If you don't see anything on Zillow, it doesn't mean you can't or won't find the right home when working with your Buyer's agent.
Think outside the boxBe proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your real estate agent send a letter to the neighborhoods in the geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighborhood. You could find a home to buy that may not even be currently listed or for sale.
Protect yourself legallyEach state varies in how the purchase process is conducted. Talk to your real estate professional about adding a clause 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.
Our experienced Team of Full Time accredited Professionals bring a host of valuable specialties to our Clients whether buying, selling, Investing or leasing. Current specialties include Mortgages, Property Management, Probate, Staging, Distressed Property, Luxury Homes, 55 Plus Communities, Country Club Communities, Ocean Front and International. This wealth of knowledge is readily available to our clients.
The Prime Property Team is part of United Realty Group one of the largest Real Estate Brokers in South Florida with over 2,500 active agents across 14 offices from Jupiter to Miami & Orlando. This massive community serves a continuous stream of listings and buyers, ensuring our clients benefit from both our economy of scale and scope of listings.
When you purchase a home, a title company will research the property t
"The Prime Property Team were a pleasure to work with. I have dealt with other realtors in the past who have just treated me like a commission check rather than a client. I had very limited time to find a property and move...