Before You Put an Offer on a New House, Get Your House Listed!

Before You Put an Offer on a New House, Get Your House Listed!

  • Greenwich Bay Brokers
  • 09/6/22

If you’re looking to buy another house, it’s important to at least get your current home listed first. There are a few different options that you can use if you want to list your home before you put an offer in on another one. Here are some of the best ones that you should consider.

What happens if my current house sells before I close on the new home?

If you're worried that your current house might close before your offer is accepted on your new home, that's no problem. Some sellers have the option of delaying closing until they are able to close both transactions at the same time, which is possible if both buyers are amenable. Another option for those who want to stay in their current home is leasing it back from the new owner. These arrangements work similarly to selling a property but not transferring ownership right away; instead, the seller agrees to rent the property back from their buyer for an agreed-upon period of time (usually between six months and one year). Lease backs provide financial stability during this often uncertain process.

The most important thing is to be prepared and list before you buy.

You should list your home with an experienced realtor. It may require a little more work on your part up front, but you could ultimately save yourself a lot of trouble. You can talk to your realtor about the different ways to list your current home so that you don't have to scramble when you make an offer on a new one. The market is tough and it's important to get ahead of any challenges before they come up. By listing your house now, you'll be able to buy or sell without any worries down the road. It will give you peace of mind knowing that if things change, you're ready.  And in this market, it's really important to at least get your house listed before you're looking to put an offer in on another home.

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