If you’re afraid to sell your home because you’re worried you won’t be able to find a new one, you’re not alone. In today’s market, there are more buyers than there are homes for sale. This can make it difficult to find a new home, especially if you are on a set timeline.
One option for sellers who are afraid they won’t be able to find a new home is to request a leaseback from the buyer. A leaseback allows the seller to stay in the home for a set period of time after closing. This gives the seller extra time to find a new home. Leasebacks are sometimes only a few days but it isn’t uncommon to see leasebacks as long as 30 days.
Sellers should also know that they are in a strong negotiating position because they will likely have a large cash down payment. In today’s market, many buyers will have to finance their purchase. They may only have a small down payment. Sellers who have a large cash down payment will have a strong offer and be more likely to get the home they want.
If you’re afraid to sell your home because you’re worried you won’t be able to find a new one, don’t be! Talk to your real estate agent about your options. They can help you find a home that meets your needs and help you get the best possible price for your home.