The complexities of buying and selling a home are great, and consumers truly need an experienced advocate for them that has the negotiating skills and market knowledge to navigate their goals for them. This provides a win for both parties where buyers can get the home they want at these great interest rates and the seller can stay in the home for the time frame they need. If expertly negotiated, you can sell your home for the desired price and then lease it back from the buyer. We came up with another option for sellers. Either way, if that replacement home isn’t found, the seller does not have to move forward with the transaction. Some buyers may be willing to give that seller as much time as they want some may require a shorter time frame. While everything is always negotiable in real estate - for instance, we just had a dog negotiated in personal property on a home - the basic idea of a home replacement contingency is that a seller puts a home on the market contingent upon that seller finding a replacement home within a specified time frame that both buyer and seller have agreed upon. This could be a nice risk-free way for sellers to get the price they want for their home and give them more inventory options for their next property. Inventory would rise, and organically we would make a lot of matches. What would happen if those sellers would put their homes on the market, contingent upon finding their next home?
The homeowners who have the homes we need on the market are not putting their homes on the market because they can’t find their next match. While options have always been available for the type of ideas RASE brokers worked on in the past few months, when an industry collaborates together to help consumers meet their goals, then we are truly doing what we were called to do: Serve the client at the highest level.
No spoiler alert needed - we need more inventory on the market. Local brokers of the Realtor Association of the Sioux Empire collaborated on ways to help increase inventory for not only the homeowners who want to make that next move but also for the new buyers entering our market. This paid piece is sponsored by Amy Stockberger Real Estate.ĭo you want to sell your home to cash in on the historically high sales prices and enjoy the wildly low interest rates on your next purchase but can’t find that next home? More options exist than ever before in our market.
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