With so few homes on the market in Asheville, it can be intimidating to plan a move if you need to sell your current home first. Working with Mosaic Community Lifestyle Realty’s experienced real estate agents can help ease the transition, ensuring consistent communication and minimal setbacks during the entire process.
If you want to sell your Asheville home and buy another, it’s important to research the housing market ahead of time to simplify things when the time comes to make your move. Mosaic’s experienced agents can give you a realistic estimate of home prices in the Asheville area and how to price your current home. Using that figure, you can calculate how much equity you have and what your net proceeds will be so you can apply that money toward the down payment and closing costs of your new home.
An agent for all your needs
Given all the steps involved in buying and selling at the same time, using the same real estate agent and real estate attorney (where required) for both transactions can make the entire process go more smoothly. Mosaic’s agents have extensive experience on both the selling and buying side, adeptly addressing your needs in the two arenas.
If you’re ready to list your home, Asheville’s seller’s market requires your home be staged and market-ready; this will ensure it sells quickly. And while a seller’s market means you can be more selective about which offers to consider and limit your options to those with fewer contingencies, it also means you’ll have less flexibility to include contingencies or delay the closing date when the time comes for you to buy, particularly if a seller needs to move quickly.
A bridge between selling and buying your Asheville home
Here are some other ways to bridge the gap during a purchase and sale:
If you sell your current home but haven’t found your next place, you can find a residence to rent in the short term. Remember to factor in the expense of off-site storage if you have more possessions than will fit in your rental.
You can ask the buyers of your home to do a rent-back agreement, which allows you to pay rent to them after closing to remain in your current home for a short while until you can find a new home.
If you buy a new home while still trying to sell your old one, cover the costs of the new property with savings, a home equity line of credit or a bridge loan over the short-term.
You can rent out your current home while shopping for a new one, and use the income to help offset the expense of owning two homes until you can sell it.
If you’re ready to sell your current home and buy another in Asheville, contact us at Info@MyMosaicRealty.com, or call us anytime at 828-707-9556.
Learn More: About Our Seller Services