HOW TO NOT GET STUCK WITH TWO HOMES - The Jim Bottrell Team
(760) 334-6373
Southern California Real Estate

HOW TO NOT GET STUCK WITH TWO HOMES

THE ISSUE

We’ve all been in a situation where we are stuck between a rock and a hard place. Many homeowners, unfortunately, find themselves here when they decide to move from one home to another.

THE CATCH 22 OF REAL ESTATE

The common issue is that if you buy before you sell, you could run into owning 2 homes (2 mortgages), or, if you sell first, you run the risk of having sold your home with no new home to move into (homeless).  Both of these issues are obviously extremely stressful that only a skilled agent can get you out of…. Or prevent it from happening in the first place.

  1. IF YOU BUY BEFORE SELLING, YOU COULD RUN THE RISK OF OWNING TWO HOMES.
  2. OR JUST AS BAD, IF YOU SELL FIRST, YOU COULD END UP WITH NO HOME AT ALL.

Both of these situations are balancing acts of emotional and financial stresses. The way to solve this is actually pretty simple. The Jim Bottrell Real Estate Team offers unique programs that can either reduce these risks or eliminate them altogether.

THE DILEMMA:

The biggest factor in this process is deciding whether you should:

  1. Buy a new home before you sell your existing home (trying to beat out other buyers with a “contingent offer” and, if you win,  being stuck with two homes,)
  2. Sell your existing home first (be in a better position to get your offer accepted on a new home because you are not “contingent”, but you risk having no homes at all).    

Both options hold their own risks and their own benefits. This market has made it tough for both buyers and sellers!

THE SOLUTION:

The Jim Bottrell Real Estate Team has an innovative program that takes the stress off of a home purchase and sale.

HOW IT WORKS

  1. We will put together a complete market analysis of your area, including a printout of all comparable sales and active listings near you.
  2. We will teach you then to follow the Pricing Strategy and determine a good pricing marketing strategy for your home.
  3. We will establish a “Guaranteed” price and a “List price”; receive it in writing before we market your home
  4. This makes you protected because there is a guaranteed price for your home and you can still see what the market will provide.
  5. Now that you know that your home is already sold, you can go ahead and make a FIRM (not conditional) offer for your next home without having to worry about selling your home and being stuck with two mortgage payments.  You are also more likely to get your offer accepted too!

These options eliminate the problem of having to sell your home first (risking being homeless) and it also eliminates the problem of owning two homes at once (two mortgage payments). 

Remember, not all agents are created equal and you should consider only the ones that can offer you new ways to approach the market in a non-stressful kind of way. Your needs are the only ones that must be properly met.

If you’re looking to buy or sell a home, let us help you! For a stress-free experience, we’re here every step of the way.

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