We recommend three strategies to sell without ending up homeless.
With today’s favorable market conditions for sellers, we’ve been frequently getting asked this question: “I’d love to sell my home and take advantage of my equity, but where would I go?” Here are three strategies that sellers can employ to sell their homes and not be homeless:
1. Rent. Sell your home and rent a place.
2. Do a rent-back. At closing, you’ll become a tenant in your own home for the agreed-upon number of days in the contract.
3. Home of choice contingency. This contingency states that the seller does not have to go to closing until they find a home of their choice. Buyers are willing to accept this strategy in this market.
Over 1,600 homes sold or went under contract in Anne Arundel County in the first 45 days of 2022. There are available homes, so there’s no need to panic.
If you would like to discuss your situation, we would love to help. We are also part of the world’s largest referral network of agents, and we would be happy to connect you. If you have any questions, visit our website and don’t hesitate to reach out to us by phone or email.