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Whiteboard Topics: 3 Tips for Selling and Buying a Home During a Peak Market

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In today’s active real estate market, you may want to sell your house but are unsure if you will be able to buy another one with the current inventory shortage. If you’re nervous about being able to buy a house upon selling your own, check out these 3 tips on navigating that situation from Lake Homes Realty’s CEO, Glenn Phillips.

  • Buy First. If you’re not able to support a second mortgage, you may want to find the home you’re wanting to buy, make that deal contingent on the sale of your current home, and provide other incentives to make that deal appealing to the seller.

  • Sell with a Lease Back. This allows you to sell your home and lease it back for a certain period of time with the buyer.
  • Move Twice. Sell your home while the market is at peak pricing, move your belongings into storage, then find somewhere small to rent while you look for your next home.

Whether you’re buying or selling your lake home or property, our agents at Lake Homes Realty can help provide insight in today’s lake real estate market and guide you in your home journey. 

Did you enjoy this article? If so, you might be interested in Why Buyers are Investing in Lake Houses During the Pandemic.


Considering Selling Your Lake Real Estate - Learn More Looking for Your Dream Lake Homes? Start Here

{ 2 comments… read them below or add one }

Terry Simmons October 12, 2020 at 3:54 pm

What is the percentage right now on selling a house and is that something they will negotiate ? Curious because I’m thinking about putting my house on the market .

Reply

Glenn S. Phillips November 3, 2020 at 7:15 pm

Hi Terry,
If you are asking about commission, that can vary by brokerage and agent. You should interview more than one, and ask not only about commission but verify they have a history of success and a specific plan to sell your home to get the best price in your timeframe. Good Luck!

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