Friday, April 2, 2021 / by Ryan Nager
Sellers in this market are running into problems and we’re solving them.
So much has been said about this low-inventory market. Combined with fears from the pandemic, a lot of people are staying put in their homes right now. If you’re in a situation where you don’t love where you live, I want to talk about some options that our sellers are successfully utilizing in today’s market to win as buyers, too:
"A lot of buyers are open to the idea of a leaseback in this market."
1. Do a leaseback. Buyers are making extraordinary sacrifices to secure homes these days. One of those sacrifices is a leaseback, which allows you to stay in your home for a period of time after it has sold to give you time to look for a new home. You’d be leasing the property back from the new owner, and a lot of buyers in his market are open to it.
2. Do a delayed closing. Instead of the normal 30-to-45-day time frame, we’re seeing buyers who are willing to push that to 60 or 90 days to give sellers the chance to find their new home.
3. Sellers can stay in one of our properties. This is a bit more unique to our team. I’m heavily involved in the vacation rental market, and we’ve been able to give sellers the option of staying in one of our rental properties after they’ve sold their home and while they’re looking for their new property.
All three of these options have worked for our sellers, and we’re helping them find success as buyers despite the circumstances. If you have any questions for me about your options as a seller in this market or about real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.