Considering a fix flip property? Have any questions? You’re in the right place. I'm here to answer some of the most common questions I get about this real estate strategy. (Let
4 Things You Can Do If Your Home Sells Before You Find A New One
Dated: August 2 2021
Ideally, when you are selling a home you’d want to find a new place to move into. However, this isn’t always the case. Sometimes your home sells before you even finish searching for a new one. Here are some things you can do to help accommodate the situation if this ends up happening to you.
Stay with Friends or Family
Staying with friends or family for a short period of time may be the easiest way to find a place to stay after your home sells. The downside is that you would most likely need to get a storage unit for your furniture but can save on the cost of staying somewhere else.
A House Sitting Gig
Aside from Friends, there are local companies that pair up house sitters with people leaving for an extended period of time. Most of the time this type of deal doesn't cost anything and may even pay to have you stay there.
The Short-Term Rental
Another idea is to rent an apartment month-to-month or on a short-term lease. This option allows you to relax and shop for your next home without worrying about how long it might take.
The Leaseback Agreement
The best option for the home seller in this situation is often a leaseback agreement. This agreement allows you to close the home sale like usual and then become the purchaser's temporary tenant for a period after closing. This is a great option so you won’t have to move your belongings somewhere else temporarily.
Robert started in the Real Estate Industry as a licensed Real Estate Agent at the age of 20. Throughout Robert's consistent commitment to his clients he quickly excelled in his career and obtained his....
Latest Blog Posts
What Is the Top Financial Benefit of Homeownership?There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has