Buy and sell a house in a seller's market

You probably know that we are in a strong seller's market right now. While the price hike may sound like good news for home sellers looking to win the best price - and for the most part, it is - it leaves them a bit of a stalemate when looking to buy a new home. After all, most sellers end up becoming buyers again. A seller may pose as a bandit when selling their home, but they will likely be knocked down by a few stakes when looking to buy their new home. There aren't many homes for sale right now, so finding a replacement home isn't the easiest task. This brings us to the main question that was asked of us. When it comes to buying and selling a home in a seller's market, what comes first?

 

There is no easy answer

Unfortunately, there are no easy answers when it comes to buying and selling a home in a seller's market. Homes are currently selling at record speeds and while this can be great, it leaves sellers stranded without a replacement home. You need a good plan if you are trying to buy and sell at the same time.

Everyone's situation is different and therefore everyone needs a different plan. This is where the right real estate agent comes in. An agent can help you review your situation and determine where you are moving, why you are selling, what your financial situation is, and help you develop a personalized game plan. It is always the best solution because it is suitable for you and your life. However, if you are only at the fact-gathering phase, here are two home buying and selling scenarios.

 

1. Buy, then sell

Buying a new home before selling your old home is probably the most ideal situation in a seller's market. This allows you to avoid selling your home and ending up with nowhere to go. Plus, you don't have to worry about staying with your family, moving your stuff to a warehouse, etc. However, the biggest downside, of course, is that it can require a lot of money, especially in Landes et Pays Basque! Therefore, most people are not able to qualify for a new mortgage without selling their old one. Not to mention the fact that you have to pay for houses at the same time.

Also, stocks may start to increase, but it will take a long time for it to catch up with demand. So you have to ask yourself how long you are willing to wait for the right house. You know each other best.

 

2. Sell, then buy

Selling a house and then buying is the situation most people find themselves in today. At first glance, this may seem like the less than ideal option, but it actually has many advantages. If you sell first, you can take advantage of high prices now. This money can help you qualify for a new home and you can avoid any eventuality when making offers. Plus, you can invest the money from the sale of your old home and have even more money before you buy your next!

However, before you sell and then buy, there are some things to consider. Selling and then buying can take two moves. Not only can this be stressful, it can also reduce the profits from selling your home. You will also need temporary accommodation. Again, this will require money, and depending on how long you need a temporary home. There is still a bright spot. The competitive real estate market means buyers are more willing to negotiate. They are therefore more likely to be open to a leaseback after the home has been sold. In some situations, we've even seen sellers stay with them for free after the close date for a month or two.

Again, talk to your agent. They can help you build terms into your contract that can make you more comfortable as you get started in the sales process.

 

Buy and sell a house in a seller's market

Buying and selling a house in a sellers market is not the easiest task, but it is possible. While we are hoping for a new inventory to arrive, this is not currently the case. Therefore, you must have a plan in place as soon as you plan to sell your home.

 

Why sell with O'Plus Immobilier

Be guaranteed to sell

By entrusting us with an exclusive mandate we are committed to satisfying you in your request. We have an obligation of result: thanks to a fair estimate and a quality service, you are sure to find the ideal buyer for your property. No doubt to have: you are guaranteed to sell your property whatever it is.

 

Optimize your added value

The exclusive mandate combines several advantages, in particular the quantification of your added value. Indeed, if you entrust us with the exclusivity of your property, you benefit from a reduction in agency fees. A significant profit since the costs are lowered to 4% instead of 5%. You are guaranteed to sell and maximize your added value. This is the ideal situation!

 

Secure a quick sale

As as a real estate agency present throughout the Basque coast and part of the Landes, we have an internal history which concentrates a large client file and real estate applicant. Without even having promoted your property yet, we may already have your future buyer. By calling on O'plus real estate, you will be surprised at the speed and efficiency of your sale.

 

Have a light mind, we take care of everything

O'plus real estate represents an agency on a human scale with exceptional services. Indeed, we put the emphasis on people and we focus on the needs of the customer above all. From the first contact until the final signing of the sale, count on us to take care of everything: paperwork, making appointments, visits, unforeseen events, our agents are trained for all types of situations. This is our role. If you are not yet convinced, go to opinion systeme to find out the opinions of our customers or on our instagram page @oplusimmobilier. (For the anecdote: we have already made a move ourselves to facilitate a sale!)

 

Benefit from an exceptional image and enhancement

More than a simple real estate agency, we are specialized in the creation of multimedia and images to serve your property. Indeed, everything is implemented: training, wide-angle lens, video drone, photographer and videographer in-house. Why ignore this aspect, your property deserves the best.

 

QUESTIONS? CONTACT US!