It can be done. You can buy a new home in Greensboro and sell your old home at the same time – and it doesn’t have to be stressful. There are many advantages to simultaneous home buying and selling. You save money and experience less hassle. But the key to success in this process is working with the right home marketing firm and realty company. Smith Marketing, Inc. has the expertise to sell your home and help you to find the new home you are looking for. Our team will work hard to get your home in front of as many potential buyers as possible, while showing you homes for sale that meet your criteria.
What happens if my house sells before I’ve found a new one?
When this happens it can put unnecessary stress on home buyers. But it doesn’t have to be a problem. You have a few options. You can rent temporarily and put some things in storage until you find a new home that you like. This may make moving a bit more of a hassle, but it’s better than rushing into the purchase of a home you may not be completely happy with. Sometimes you can negotiate a rent-back agreement, which gives you the option to stay in the home for 60 to 90 days in exchange for a slightly lower sale price or rent payed to the buyer. There are ways to work within this situation so that it doesn’t cause undue stress.
What if I find a new home before my old home has been sold?
The opposite situation can also be worrisome: You’ve found a new home you are ready to purchase, but your current home hasn’t sold yet. It can be financially overwhelming to attempt to pay two mortgages while you wait for your home to sell. There are a few options that can help with this situation. Contingency contracts can be used when buyers want to make the purchase of a new home contingent upon the sale of their old home. This works well if the seller has had a difficult time selling their home, but it may not work in a very competitive market. If the seller has other offers that don’t hinge on a contingency contract, they may choose to accept another offer. Bridge loans are a financing option that make it possible for you to pay for two homes for a temporary time period. The loan would be paid back after the sale of the old home.
Smith Marketing makes property search in Greensboro a breeze
When you are ready to put your current home on the market and start looking for houses for sale in Greensboro, NC, and the surrounding area, call Smith Marketing at (336) 215-7880. We
will guide you through the process of preparing your home for sale and listing it, after which we will help you to find the new home of your dreams. We can make this process as easy as possible, whether you sell or buy first. Together with Allen Tate Realtors, we have a long history of successful home sales in Greensboro and the Triad. We look forward to working with you.
For more information on the home buying and selling process: http://www.realtor.com/advice/buy/buying-a-house-while-selling-a-house/