What Can You Do When You Can’t Find A New Home? Let Us Help You!
There are steps to take when you feel as though you’re in between homes. As your trusted local experts, we want to help guide you through the process, and get you into the home that you’ve been dreaming of. Selling your home can be scary, especially if you don’t have a new home lined up, but we want to take that burden off your shoulders.
1. Contingency Clause
There is such a thing called a contingency clause where a home sale contingency is a clause in the contract that states you can’t finalize your home’s sale until you have found a new home. This sometimes puts buyers off and creates a lot of uncertainty. Right now the demand is strong, and there could potentially be a buyer whose timeline is a bit more flexible for their move. This is something that can be discussed to see if this clause would work out for you.
2. Look For A Vacation Rental Or Corporate Housing
No matter where you are, whether it’s by the beach, the city, or close to a tourist area, there are plenty of rentals that you will be able to find! Many of these rentals won’t go as quickly as the annual rentals. There are more options to find at fairly low prices. Another option would be corporate housing. Typically the corporate housing offers more flexibility when getting settled into a new area. Corporate housing and vacation rentals are usually furnished. This is helpful, especially if your furniture is in storage. While waiting in one of these homes for your forever home, you’ll be able to feel comfortable and right at home!
3. Bridge Loan
Sellers will sometimes panic about being in-between homes and having to use money that’s been put away in a savings fund. A bridge loan is a short-term loan that will cover you in these instances. The downside is that these loans often have higher interest rates and quicker repayment periods. Make sure that you do all the math and read all the fine print to make sure that this makes sense for your situation.
Homes For Sale In Orlando
4. Put Rentals On Your Home Search
Make sure that you’re looking at the complexes in your area to get some sort of sense of the availability, and of course, the prices. We can help you find these. Some clients might be on the fence when it comes to listing their home. Some might consider a rental arrangement, be former buyers who purchased multi-family homes or are former buyers who purchased vacation homes rented in the off-seasons.
5. Hiring An Agent With Connections
Securing a new home in a limited inventory market, sometimes it comes down to having an agent who knows how to leverage connections. As your real estate agents, we are prepared to get into our database of sellers in an area that you’re looking to buy in! We will have conversations with those sellers and set appointments to look at homes for you. We want to make sure that not only can we help sell your home, but that we can also get you in the home that you want.
Have Any More Questions? Call Or Text Us Now!
We would love to help you get started at 321-567-1202 🏡
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