The Home Buying and Home Selling Puzzle: The Final Steps

If you’ve read our last blog about home buying and home selling, you understand that the process takes time and planning. The first steps are primarily focused on financial information. The following steps, however, focus on getting your home ready for the market.

Professionally Staging Your Raleigh Home

Emotion plays a powerful role in the home buying process. To bring in the buyers, we can recommend a professional home stager to create a strong sense of home. This means straightening up the house, getting rid of clutter, re-painting and decorating, to name a few.

Inspecting and Appraising Your Raleigh, NC Home

A pre-inspection by a licensed home inspector can alert you to potentially pricy home repairs. This is good to do early, so you don’t have a major expense at the last minute. Additionally, if your home happens to be especially unique, you might want to get it pre-appraised. We can negotiate a low cost pre-appraisal, which will be reimbursed at closing. This step can help protect your budget as you look to buy a new home.

Focus on the Sell Before Buying A New Home

If your budget requires you to sell your current home before buying another, you should probably put more of an effort in the home selling process. You don’t want to fall in love with a house you can’t buy right away. Focus on getting the most out of your current home, and then looking for a new place to live. It is never a good idea to buy a home before you have a contract on your current home.

Have a Back-Up Plan

If you have a tricky home buying and home selling situation, it’s a good idea to have a plan to fall back on. Be sure to set up a consultation with one of our agents. We can provide you with plenty of information and back up plans that come with home buying and home selling.

The Home Buying and Home Selling Puzzle: Defining Your Situation

If you’re planning on selling your home and moving into a new one in the Raleigh area, you might feel a little overwhelmed. The thought of buying a new home can be exciting, but no one wants to think of paying two mortgages at the same time. In order to limit the amount of stress in a situation like this, there are a few things you should keep in mind.

What Type of Puzzle Are You?

To use a metaphor, home selling and home buying is sort of like solving a puzzle. Some puzzles are simple, with only a few pieces. Others have many pieces that take more time to solve. Knowing your current situation (or knowing what type of puzzle you are) can determine the risks and flexibility involved in the transaction. Here are some examples that range from simple to complex.

The Simplest Home Buying and Home Selling Puzzle

If you are selling your home and do not need the money from the sale to buy a new home, you are in a highly preferred situation. Although this doesn’t happen often, this provides you with the greatest flexibility and options. The only thing you need to do is qualify for a new loan from a trusted lender.

It’s still a good idea to think through your financial future if you are in this situation – even if you have the money upfront, would you be able to afford additional payments or surprise expenses?

The 100-Piece Puzzle –A Common Home Buying and Home Selling Situation

If you need to sell your current home in order to make a down payment on your new home, you are in the same boat as many Raleigh home sellers. Our agents have had the most experience in this situation and can help you through it, one piece at a time. You may not be able to move in to your new home right away, but we can help you meet your home buying-home selling goal in time.

The 1,000-Piece Puzzle – A Challenging Home Buying and Home Selling Situation

These situations typically call for more patience and planning. Here’s an example of a more difficult home buying and home selling venture:
I am moving out of the state in one month. The home I live in now needs to be sold fast and for a high profit. My company will not provide me with the funds to support two mortgages, and my savings will not allow me to keep both homes afloat either.

The 5,000-Piece Puzzle – A Very Challenging Home Buying and Home Selling Venture

These situations often involve many factors with strict deadlines that require an experienced professional. Here’s an example:
I am going to get married soon and would like to buy a house with my fiance. We own our own houses, and we need to sell both before we can buy a new one. We need to sell quickly (before the wedding) and for a high profit so we can put a down payment on our new home.

Finding a Home Buying and Home Selling Professional

If you can identify with one of the situations above, please give us a call. We would be happy to work through your home buying and selling puzzle. Contact us today!