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Consider This Before Listing Your House

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12/02/2013 | Author: Jaime Lee

The number of for sale signs popping up in our neighborhood recently led my husband and me to have a “what if we listed our house?” conversation. We decided to stay put for now, but not just because we only bought our house last year. It’s also because we’ve given zero thought to what we would do when the house sold.

A quick sale is good … if you have a plan
The hot markets in most of Texas mean many houses are selling within days or even hours of being listed, which is great for sellers who know their next move. But what if you don’t? Think about it: If you got an offer on your home the same day you listed it, would you be ready to accept it and find a new place to live?

Consider the options
If you aren’t ready to buy again, you could always rent a place for a few months before you purchase your next home. But that means potentially moving everything you own twice. Maybe you could make arrangements with the new owner to temporarily lease the property, or you may be able to counter the buyer’s offer with a longer closing period to allow yourself time to find a new place. But both of these options can mean more paperwork and a tight timeline.

Work with an expert
If you’re thinking of selling your home, talk to your Texas REALTOR® first. He will help you prepare for your next step before you have to make a rushed decision. A little planning may help you avoid having to leave your home sooner than expected.

Categories: Sellers, Renters
Tags: selling, leasing, contingency, strategies