'Seller’s Market', the term floating around Spokane has excited some folks, others… not so much.
One obstacle sellers have been facing is the ease of selling their home but then not being able to find that perfect replacement home... and just like that, its time to bunk up with your favorite mother-in-law (no offense to family here)!
One way to protect yourself as a seller in this situation; Make the sale of your house contingent on you finding the home of your dreams (replacement property). This is a little known practice that is perfect in today's market, but if written incorrectly can cause serious issues, heck that is why our agents are here for you!
Adding these contingencies takes skill and care. Contracts are specific, and finding/closing on your perfect replacement home is not.
Listing agents need to prepare buyers on the other side of the transaction for this kind of contract because the closing and contingency timelines may need to shift to accommodate the time it takes for the seller to find a home and to get under contract.
There are a lot of nuances to ensuring a seller is not homeless when they sell. Do you have more questions about how to list and protect yourself in the case of meager replacement options?
EvoReal Fulltime Realtor
Author:Shael Larson Phone: 509-483-4112 Dated: April 20th 2017 Views: 273 About Shael: For the past 20 years, I have been working in the technology and communication field. I was conside...
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Buying a new home or selling an old one is a very personal matter. EvoReal is Spokane's local real estate expert we are a family-owned company where we believe that everyone deserves special attention when it comes to buying or selling their home. We are a small firm by design, we know that our size enables us to really get to know our clients and to quickly adapt to the ever-changing world of real estate. We love Spokane and the Inland Northwest. We love the people who live and work here; they are hard working and so are we. Everyday we use the most modern real estate marketing tools and techniques, dig through thousands of homes for sale to find the right one, and make sure every detail of the home buying and selling process is being attended to, making sure nothing falls through the cracks. Your goals, not ours, are the priority. We hope we get a chance to work with you. Please contact us to ask any questions or to set up an appointment. We look forward to meeting you!
Colville Custom Rancher on 7 Acres, Shop, Year-Round Creek, Large Fiel
"I live in Tucson, AZ but owned a home in Spokane, WA for about 6 years. For various reasons I decided to sell the house and listed it with a real estate firm. The market was not good and it became obvious that I needed to 'short-sell' the house. The real estate firm referred me to Jessica Side with EvoReal. I was very pleased with Jessica and her team with the handling of the short-sale. I was kept informed of anything happening and the communication was wonderful. Their expertise in handling my sale was top-notch, and everything went as smooth as possible. I highly recommend Jessica if you are either thinking of selling, having a hard time selling, or even looking for a home. She's extremely knowledgeable and very efficient. "