How to buy and then sell with the least amount of stress
Moving requires a lot of moving pieces: financing, inspections, appraisals, organizing, packing, storage, moving, orchestrating, etc. It’s no doubt that buying and selling real estate is typically the most impactful financial decision of most people’s lives, and we also know that the act of moving can become an impactful/emotionally taxing decision as well.
One of my biggest goals in a real estate transaction is to reduce the amount of stress our clients experience in their move. Over time, I’ve discovered a few ways to minimize stress and create predictability where there otherwise is none.
Prior to Making the Decision to Move: The problem? Some people make the mistake of jumping into putting a sign in their yard and hope that the rest will work out. Before making a decision, follow these easy steps.
- Get pre-approved for the type of mortgage you want to get for the NEXT house.
- Get values on your current house. BE REALISTIC.
- Begin any repairs and aesthetic corrections your Realtor advises you on.
- Start packing. Go ahead and start packing clothes, toys, nick-knacks etc. You’re going to be moving any way, go ahead and start this process to get your house organized and de-cluttered.
- Keep your credit EXACTLY the same, or better. When in doubt, call your lender you got pre-approved with.
- Get your house inspected by a property inspector. Start making repairs necessary.
- STORAGE: options such as “Pods” (or any other portable storage units) as well as local storage units can hold onto your belongings as you transition.
- Arrange in negotiations to be able to occupy your current house for a short term after closing. (This has to be done when negotiating the offer)
- Find an extended stay hotel to stay in for a short amount of time while you get into the next home.
- Stay with family or friends. This is the most economical option typically
- Reach out to local landlords that are offering property up for rent. Ask them about short term leases or a longer lease with the option to leave early if you help them procure the next tenant.