There are quite a few people who’s situation has changed and their current life style does not match the home they are living in. It’s either to small, too big, the yard is to small or too big, to name just a few.
Right now there is not a lot of inventory in the wine country. Homes sell fast and quite often with multiple offers, sellers have a choice when offers come in.
So how about moving into your dream home? Option 1: Selling and moving into a rental means you have to move twice. Not so desirable.
Option 2: Making an offer contingent upon the sale of a home. This might not get your offer accepted. Why would a seller choose a more difficult transaction when there is the option of a sale without this contingency.
Option 3: A better option is this market is to sell your home contingent upon you finding a new home. This means that you might have to go with a little lower asking price to make sure that you have found a committed buyer who is willing to wait. Then, when you find your dream home, finalize the sale of your current home and rent back for a week or 2. The money received from the sale of your home can be used to purchase your new home.
There are many options to consider when buying and selling real estate, your local Realtor will be able to help you sell your home and move into your dream home, taking the local market conditions into account.
Mirjam