Selling your home and buying a new one is not an easy process. This is because the sale needs to be successful. Doing a thorough research on the things you need to do before you sell your home will make things easier for you. If you have doubts concerning certain things, you can contact a realtor who will give you invaluable advice. Discussed below are tips to help you sell and buy a new home.
The First Impression Matters
People judge other people from the first impression they make, the same applies to your property. The buyers will judge your home before they walk in. Ensure that you have taken care of the minor details outside your home. There are cheaper trees and shrubs that you could use to make the exterior appealing.
Start Looking for Homes When you List Yours
Start looking for a new house early enough to increase the chance of finding a good one. You will have time to visit more houses and make your decisions carefully. If you start shopping for a new home after you have sold, you will need to make a hasty decision because you need to settle quickly.
Work With a Realtor
Realtors will handle matters in a professional way because they belong to associations which are governed by rules and principles. The realtor will help you to find a buyer and a new home that suits your lifestyle and needs.
Always be ready to Show
You never know when the buyer will come knocking so ensure that your home is organized and clean at all times. Make sure that there is no clutter lying around and the kitchen and bathroom should be clean.
Make Offers Contingent
If you have already found a home that you love, ensure that you have made an offer on it. However, the offer should be contingent on selling your home so that you will not be forced to buy; you may have to deal with two mortgages which is difficult to pay. The sale should also be contingent on you finding a new home, that way; you will not be left homeless.
If the seller or buyer does not agree on the contingent offer, request that the closing be long into the future. It will enable you to have enough time to sell your existing home and find a new one.
Look for a Home to Rent
You can rent a home if you do not want to lose your buyer. There are many rental affordable rental homes. Alternatively, you could ask your relatives to accommodate you for a while as you look for a new home.
Consider Bridge Financing
Bridge financing will help you get a loan if you need money for down payment for the new home. This method is ideal for those individuals who need to sell their existing homes to get money for down payment.