You’ve probably heard by now that the property market is red-hot. Home prices have dramatically increased because people want to buy, but there simply aren’t enough homes on the market. Hi there, Jenevieve Croall here, with JLUX Homes Realty Group. In Denton County alone, the average home sales price is up nearly 26% since this same time last year, with Tarrant County being up nearly 30%. That means that if you’re considering selling, it’s the perfect time to do so as people are willing to pay top dollar for your home. But you may be wondering, if I sell, will I be able to find another home before my current home closes? And that’s a great question.
While our team is working hard to find all our families their next dream home, you may want the flexibility to find just the right property.In these cases, we can employ many options. Two of the most popular are…One, staying in a Short-Term Rental. Renting an apartment, home, or even an AirBnB for a short period is a great housing alternative that gives you the flexibility to take your time while looking for your new home. This option also gives you a stronger position in the case of a multiple offer situation on your next home because you have no contingencies to close on a home before purchasing. And with the right rental, it may seem like a fun extended vacation.
The second popular option that many don’t know about is doing a Leaseback. This would mean negotiating with the buyer of your home to give you a leaseback agreement. The leaseback agreement lets you become the new owner’s rental tenant for an agreed period. You’ll save on storage fees and have time to go house hunting. And while those were just two options…If you or someone you know are ready to take advantage of the seller’s market, contact us to book a complimentary consultation or give me a shout. I’ll be happy to present all your options so you can make an informed decision for you and your family. Until next time..