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Coordinating Your Move
Reasons to List Your Home with Us!
One of the most difficult aspects to any transaction (and one that
is rarely ever covered enough before listing a property) is how to
get from home A to home B. Most sellers cannot afford to move into
their new home before the old one is sold, and rarely can you find a
property to buy where the seller is willing to accept a contingent
offer and "wait" for your home to sell. He'd just as soon leave his
own home on the market and take the chance on his selling first.
Many brand new homes have a 3 to 6 month waiting period and may
accept "contingent" offers, but the builder will expect you to
spring for your upgrades in advance. That way if you don't end up
purchasing the property the builder isn't out any money, but you, of
course, have lost big.
Our advice to most sellers is, put your property on the market and
get it sold before you even look at purchasing another home. Not
that you can't window shop, but why make a major commitment you're
not certain to be able to perform on? Why make a stressful time even
more stressful? Most seasoned sellers will tell you it is much
easier to move into an apartment for a short time (if necessary)
than it is to make two house payments!
If you are planning on purchasing a resale property usually it is
fairly easy to negotiate a longer escrow period with your buyer in
order to give you some time to purchase another home. Then you can
do a concurrent (same day) closing on both homes and move directly
from one to the other. Sometimes it is even possible to close on
your current home and lease it back from your buyer for 30 days
after the closing. That gives you your funds in your pocket in
plenty of time for the closing on your new home.
If you are planning on purchasing a new home, plan on moving twice.
Not only is it almost impossible to find a buyer willing to wait the
length of time required to build a new home, but it is impossible to
plan on that home being definitely completed on a certain date.
There are certain to be delays from any number of reasons, including
material shortages, labor strikes and broken or damaged cabinets and
windows which have to be re-ordered.
If you do need to move twice you can usually find temporary
apartment rentals that will allow month to month leases. You may pay
a bit more monthly, but it is still cheaper than a long term lease.
Most cities offer apartment finding services for temporary rentals.
It may be wise to find a furnished place and put your belongings in
storage rather than moving heavy furniture around.
Article by Diann E. Tonnesen, RealtorŪ
Las Vegas Homes
Las Vegas High Rise Condos
Las Vegas Country Club Homes
Henderson Real Estate
This article is copy write protected and may only be reprinted with
permission of the author. Any use of this article without express
written permission of the author will be prosecuted to the fullest
extent allowed by law.
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