Real Estate Agent San Diego CA | Gloria RomaReal Estate Agent San Diego CA | Gloria Roma

    Make Money Save Time .com

    619-993-3734
    gloria@sandiegohomesforsaleca.com
    • Menu
    • Advanced Search
    • Buy
    • Sell
    • Free Home Valuation
    • San Diego Communities
    • Special Programs
      • Contests
      • Senior Housing Choices
      • Military Housing Assistance
      • Preferred Partner Referral Club
    • About Gloria
    • Blog
    • Contact Us

    Sell or Buy First?

    Sell or Buy First?

    This is probably the second most popular question I’m asked when speaking to a home owner about selling their home. It comes directly after ‘What is My Home Worth?”

    I’ve happily answered the same questions hundreds of times over the past two decades. Now I’ve published my answer. Below is the article in my local magazine for April of 2019. I’ll continue to be asked the questions ‘should I sell or buy first?’ and I’ll continue to answer them… Though, after you ask I’m going to email the answer in the picture form. One, because it’s spring and chicks are adorable. Two, because it saves me time and I won’t forget anything important.

     

    Which came first? The chicken or the egg?

    Which came first, The Chicken or The Egg?

    Are you finding yourself in the quandary? Wondering which comes first, selling your current home or finding the replacement home? You are not alone!

    Just as scientists are sure the egg came first; I’m sure that you need to GET YOUR HOME SOLD first. If you need to close escrow on your current home in order to secure financing on your next home, one of the biggest hurdles right now is to get it sold. Writing an offer on a replacement home contingent upon the sale of your current home puts you in a compromised position for negotiations and puts you at the bottom of the pile when competing with other buyers.

    Below are some options to consider:

    1. Work out a longer escrow and/or rent the property back from the buyers of your property while you continue to shop for your next home
    2. Temporary housing options; preferably furnished
    3. Consider renting for a short period of time (6 months -1 year)

    Many sellers are hesitant to commit to selling their home if they have not found their next property, particularly as we have seen record low inventory in these past several years. However, it’s difficult to buy unless your home is in escrow. Some sellers will offer to sell their home contingent upon securing that replacement housing. While this worked a couple of years ago as buyers were desperate to find a home, it is not as agreeable today as it leaves a buyer in limbo as they wait for the seller to find that next property with no guarantee.

    Although it may be uncomfortable to consider not knowing where you will be going, you will ultimately reap the best results by being pragmatic and selling first, then buying. I have helped many of my clients successfully move from one house to the other with no interim housing by negotiating creatively on their behalf and being proactive in exposing them to the market place so that all their cards fell in to place at the right time.

    If you have been considering a move but have not been quite sure how to accomplish the logistics, give me a call at 619-993-3734! I can walk you through a plan customized to your needs and help you achieve your goals and so you’ll know which you should to ‘sell or buy first?’

    gloria@sandiegohomesforsaleca.com

    Posted in: Relocating or Moving to and from California, Uncategorized

    Post navigation

    « Omakase OMG at Kokoro Restaurant
    We’re NOT Moving! »

    Find Your Dream Home

    Advanced Search Map Search

    Save the Properties You Love & Sign Up!

    Blog Post Categories

    • Estate Planning For Baby Boomers & Seniors
    • Baby Boomers In San Diego
    • Seniors Aging In Place
    • Probate vs Will
    • Adult Children of Seniors

    Find Out How Much Your Home is Worth

    About Gloria

    Gloria Roma helping seniors move
    Gloria Roma works with adult children of seniors when navigating inherited real estate holdings.

     

    Gloria is an accomplished Realtor with over 27 years of cumulative experience in real estate and finance. If you’re buying, Gloria knows how to help you, having been awarded as the TOP 3 Buyers Agent in America. If you’re selling, her showcased estates SELL for up to 18% higher with Gloria’s Proven Home Selling System.

    DRE #01243709

     

    Our Communities

     

    Contact Gloria Roma


    7183 Navajo Rd #C
    San Diego, California 92119
    Clark Land Resources, Corporation- Broker
    gloria@sandiegohomesforsaleca.com

    619-993-3734
    © 2023 · Equity Framework
    This information is deemed reliable but not guaranteed.  You should rely on this information only to decide whether or not to further investigate a particular property.  BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.  You may use this information only to identify properties you may be interested in investigating further.  All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.  Redistribution or copying of this information, any photographs or video tours is strictly prohibited.  This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®.  Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.  The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.  Compilation © 2016 Sandicor®, Inc.

    Listings Sitemap · Accessibility · Log in