Timing Issues When Your Home is Sold
- Date: 2007-02-19 - Word Count: 484
Share This!
As the real estate bubble has burst, selling a home has become more difficult unless you are in one of those areas where things are still good. You can put so much effort into selling, you can forget about moving!
Selling a home is a process that can be stressful. First, you have to figure out your market. Once you do, you have to deal with people and agents coming to view the home. Sooner or later, you will get an offer. Then the negotiations occur. Once an agreement is reached, are you home free? Rarely. Issues are going to arise with home inspections and such. Since escrow periods typically range from 30 to 60 days, things can get pretty rushed and stressful. Obviously, you need to focus on the sale of the property, but what about that glorious day when escrow closes?
For most people, selling a home necessarily means buying another one. At least one hopes so! The transition from one home to another can be difficult. It is hardly the first thing on your mind during this period. Instead, you are focused on getting your old home handled while at the same time making sure your new home is going to be ready.
One of the big issues that comes with moving from an old to new home is timing. Simply put, the closing date for both transactions often does not happen on the same day. Yes, you can try to get it done, but sometimes it just isn't possible. So, what do you do? One option is to try to pay a small premium to have your new home vacated by the time you need to move. The seller may be willing to do this, but then again may not. It can really become impossible if you want to make improvements before moving in.
Let's assume a situation where you have three or four days from when you have to move out of your old home and into your new one. How do you span this gap? One option is to use moving trucks as storage vehicles. You can just load them up at your old home and then let them sit till the new home is ready. Obviously, you need to find a secure location for them. I did this once and parked them at my uncle's home for six days. He had a large lot and an annoying neighbor. He was more than happy to let me park three big moving trucks behind his house in full view of the neighbor!
Another option is to move your stuff into storage. I suggest you avoid this. Unload and then reloading moving trucks in the time span of a week is a good way to end marriages, develop moving rage and so on. It just isn't worth it!
Lou Ross is with MovingCompaniesforYou.com - find moving truck rentals along with helpful advice on moving issues.
Selling a home is a process that can be stressful. First, you have to figure out your market. Once you do, you have to deal with people and agents coming to view the home. Sooner or later, you will get an offer. Then the negotiations occur. Once an agreement is reached, are you home free? Rarely. Issues are going to arise with home inspections and such. Since escrow periods typically range from 30 to 60 days, things can get pretty rushed and stressful. Obviously, you need to focus on the sale of the property, but what about that glorious day when escrow closes?
For most people, selling a home necessarily means buying another one. At least one hopes so! The transition from one home to another can be difficult. It is hardly the first thing on your mind during this period. Instead, you are focused on getting your old home handled while at the same time making sure your new home is going to be ready.
One of the big issues that comes with moving from an old to new home is timing. Simply put, the closing date for both transactions often does not happen on the same day. Yes, you can try to get it done, but sometimes it just isn't possible. So, what do you do? One option is to try to pay a small premium to have your new home vacated by the time you need to move. The seller may be willing to do this, but then again may not. It can really become impossible if you want to make improvements before moving in.
Let's assume a situation where you have three or four days from when you have to move out of your old home and into your new one. How do you span this gap? One option is to use moving trucks as storage vehicles. You can just load them up at your old home and then let them sit till the new home is ready. Obviously, you need to find a secure location for them. I did this once and parked them at my uncle's home for six days. He had a large lot and an annoying neighbor. He was more than happy to let me park three big moving trucks behind his house in full view of the neighbor!
Another option is to move your stuff into storage. I suggest you avoid this. Unload and then reloading moving trucks in the time span of a week is a good way to end marriages, develop moving rage and so on. It just isn't worth it!
Lou Ross is with MovingCompaniesforYou.com - find moving truck rentals along with helpful advice on moving issues.
Related Tags: new, real estate, home, trucks, house, timing, moving, move, old, sold, escrow
Lou Ross is with MovingCompaniesforYou.com - a directory of moving companies with helpful advice on moving issues. Your Article Search Directory : Find in Articles
Recent articles in this category:
- The Importance of Your Garden When Selling Your Home
Over 80% of buyers have reported that having an outside area or garden is the most important feature - Living in San Anselmo, California
If you are looking at real estate in the San Anselmo California area, you may be in for an experien - Business, The Advantages Of Purchasing A Home In Miami Through A Realtor
There are plenty of homes to purchase in Miami real estate, and having one in the city is sure t - Huntsville Alabama Real Estate Historic Points
Historic Five Points is one of the coolest neighborhoods in Huntsville Alabama real estate. Located - Things To Consider Before Buying A Plymouth Real Estate Property
Buying a Plymouth real estate propertyAn important aspect in buying a house is the location. If your - Purchasing a House - What You Will Need
You have finally decided to own a house. However, you can be unsure of what to do. The scariest thi - Craigslist Rental Real Estate a Target for Scam Artists
If you've bought a rental property and are advertising it on Craigslist or other online classifieds - Stop Mortgage Foreclosure - Improve Your Chances With These Simple Strategies
Your property will be subjected to mortgage foreclosure if you failed on the monthly payments of you - Stop Home Foreclosure - Follow These Simple Steps
Mortgage foreclosure issues are nightmares. Getting a barrage of notices from the legal department o - What Is A Trustee's Sale?
Previously, the steps that a lender can undertake the moment mortgage foreclosure has started were e
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv
