This is something that I hear regularly.
“I want to sell my home, but I’m afraid there is nothing to buy in Nashville.”
It’s true that we are in a seller’s market. And, in the most popular price ranges there is not enough inventory.
But, that does not mean that we cannot find a home for you to buy.
You just have to be strategic about it.
The most important part is to have an agent who is actively looking for you and can move quickly. Homes sell fast so speed to showings is key.
In addition, there are a few game plans that you can follow to help improve your chances of success without leaving your backside exposed.
Here’s what I’m talking about:
- The first option is a contingency based on you being able to find suitable housing. With this type of contingency you can give yourself sometime to find a home while you are selling yours. If you get your home under contract and can’t find another than you can cancel your sales contract.
- The second option is to put a sale of home contingency in your offer to buy a home. This one is a little tougher because you have to get the seller to agree and have your home ready to market when you place the offer. That way you can cancel if your home does not sell.
- The last option is a bridge loan. This is a temporary loan that is designed to bridge the gap between buying a home and selling yours. It allows you to buy a new home first and then sell yours at a later date.
It’s important to remember that in order to use a contingency to cancel, you have to meet the rules you agreed to in the contract.
Each of these straggles has their own set of pros and cons.
To find out what is best for you, hit reply and I’ll be glad to talk to you about it.
The Daily Deal in Nashville is this lake-side home in Hendersonville with a covered dock on a deep water cover with a jet-ski lift. The home is listed for less than $470,000.