If you're like me you want a plan ahead of time to know exactly where you are going to move next before you decide to sell your house. In my experience in Real Estate working with many home sellers, one big mistake I've seen is home sellers out house shopping for a house without cash before their house in on the market.
Here's what happens: You see five houses with your agent.. then you found "it", the perfect house, perfect yard, perfect living space.. the house of your dreams! You then ask your agent to list your house and you make an offer on the house..
So here's the scenerio:
The listing agent then presents this offer to theirr seller ( the offer has a "house to sell" contingency because you don't have cash and have to sell to buy). The seller thinks about how long houses take to sell and declines your offer .. voila.. now you've just had an emotional breakdown because the listing agent informs your agent that the seller tooka better offer.. which doesn't necessarily mean a higher price. Usually it means another buyer could be non-contingent sooner or not at all.
The best way to be a trade up buyer is to have your home listed.. have your agent that lists your home also be your buyers agent on your next home.. He or She can keep you informed bi-weekly, weekly or even daily on what has come on the market and where they are.. You can drive by them.. but don't see them until your house is under contract. Just keep these homes in mind and when the time comes be ready to make an offer on a house you love... oh and be pre-approved for your next loan too.
Also, I noticed that buyers WILL shy away from "subject to seller finding suitable housing". Just give the buyer and yourself 60 days to close. You should be able to find a suitable home within this time frame. The statement "Subject to suitable housing "just doesn't work in today's market. It causes the buyers to think "Gosh, I could be waiting forever!".
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Lori Lincoln is a Realtor/Consultant with Keller Williams Realty. She can help you with your home sale and/or your search for a great deal on a new home. Lori Lincoln is a Top Producer and Educator in an office of 124+ agents that care about its clients and their needs.
Lori sells homes in Taunton, Swansea, somerset, Rehoboth, Assonet, Freetown, Lakeville, Berkley and surrouding cities and towns in Ma.
Experience and knowledge in bank owned and investment properties too
Sellers- Need more information call Lori Lincoln for a Free Consultation and Observe the Objective Criteria for your personal situation.
For a free MLS home search go to http://LincolnTeamRealEstate.com
Contact Lori today 508-878-0917
email: lorilincoln@kw.com
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