One thing we often hear from our clients selling their home and buying a new one is they don’t want move more than once. They want to move right from their current home into their new home. It’s an understandable desire as moving all your belongings is usually a highly underestimated task. One never realizes how much you own until you have to pack, move, and unpack. So the thought of doing it twice or more brings about a certain dread. The reality is the only way to make sure you only move once is to buy your new home first. But since most of our clients need to sell their current home first, that’s not a real option. So we’ll explain the best way to prepare yourself so that when you put your home on the market you’ll be in the best position to move only once.
The first step to prepare your home for the market is to declutter your home. This is also an excellent time to purge all those items you’ll never need again. Garage sales, giving items to friends & family, and donating are excellent ways to get rid of items that have some use, just not for you. And before you pitch any items in the trash, first consider recycling when possible. For any items you won’t need until after you move pack them away and if possible store them elsewhere. The idea here is the less you have to move to your next home the easier it is move over a weekend. These days you typically have only a few days to move out after closing so plan on a quick 2-3 day move and you’ll be fine. Don’t forget when you move out you cannot leave anything behind unless that is agreed to in the purchase agreement so give yourself time to have the home ‘broom clean’.
Next you want to have a target in mind of where you want to move. It’s best to search for homes before you even list your house so you have an idea of what’s on the market and what you can afford. Be sure and talk to a lender and get prequailified so you don’t have any nasty surprises later when you go to buy another home (we’ve seen that one before). Visit some open houses in the target area and talk to neighbors you see out. Having an idea of where you want to buy (and can afford) when you’ve sold your home helps keep the timeframe lined up with back to back closings so you only have to move once. You’ll need to watch the inventory supply for your target area. In some of the most popular areas homes sell quickly. If you are determined to buy in an area like that have your home ready to go on the market at any time. Then when the perfect home comes on the market get your home listed ASAP, and price it to sell quickly. A good REALTOR can help advise you on local sales prices so you’ll want to be the best deal in your area. You can also consider making a ‘first right’ offer on the home you like but many sellers are reluctant to do so in areas where homes sell quickly. Also be prepared to offer top dollar whenever you do make an offer. Again, a good REALTOR can advise you on the best tactics to entice the seller to accept you offer over other possible offers.
Finally, when you have an accepted offer on your home and have successfully negotiated an offer on the home you are buying, everything becomes time critical. The entire process of inspection, appraisal, necessary repairs, etc must move in lock step on both transactions. Any delay in one will affect the other and possibly jeopardize both. A good REALTOR will help you by staying on top of both transactions to ensure you have a back to back closing (usually on the same day) so you can work out an acceptable timetable with both parties and you’ll only have to move once.
So to summarize:
1. Reduce the amount of items you need to move so you can move in just 2-3 days.
2. Do your homework and know where you want to move based on what you’re approved for by a lender.
3. Get a good REALTOR that will make sure everything moves in lockstep in the sale of your home and the purchase of your new home.
A couple of items to note is we still recommend to our clients you have a backup plan in case you sell your home but some last minute issue keeps you from closing on your new home right away. And while it’s not always possible its handy if the home you are buying is vacant so there is no issue with immediate possession.
You’ll want to find a good experienced REALTOR with both listing and buying. The Derrick Team, Connie & Dennis Derrick are your experienced REALTORS and are here to help your move from your current home to your new one as smoothly as possible. Call or text us today at 317-563-1110. We work 7 days a week!