Do You Need Your Home Equity to Buy Your Next Family Home in Lawrenceville?

Are you planning on building a new life at a new address?  Relocation can be quite the challenge because you have to think about finding a house, ensuring it’s safe for the family, and moving all of your stuff in. Moreover, if you’re still stumped about where to get your relocation budget, things can get pretty overwhelming.

The good news is, you can sell your old house quickly and get the money in time to purchase your new home. The opportunities of selling and purchasing a house as fast as you want are becoming more accessible, especially when people are constantly moving around. In fact, according to the Census Bureau, Americans are expected to move 11.7 times in their lifetime, with the highest frequency between the age of 18 – 45. So if you’re in doubt whether you’ll find a buyer in time, don’t worry; you will find one sooner or later. 

While it can be easier to have another mortgage loan approved (especially when you already had one and you paid for it on time every time), the equity you get from the sale of your old house can still help you with other moving expenses. So to help you sell your home fast and get that equity in the soonest time, here are a few tips! 

Don’t Entertain a Blind Offer

Accepting a blind offer is risky mainly because your buyer can still back out even when he/she has submitted the offer already. People who entertain blind offers are usually those who aren’t in a hurry to get the equity.  So in cases such as yours, where the purchase of your new home depends on the sale of the old home, considering a blind offer might only be great as a last resort (especially when you haven’t received any serious offer for a long time and you really need to relocate already).

Only consider a blind offer when:

  • You still have months before your target move out date or;
  • You hadn’t chosen your next “dream home” yet (you’ll be disappointed when another buyer bags the house because you were too slow to make a final offer)

Market How Family-Friendly Your Home Is

Congruent to the Census Bureau’s data, Harvard University’s Joint Center for Housing also observed that people who constantly moved were those belonging to the younger age groups, including those within the marrying age

It would be safe to assume that there are plenty of buyers who are preparing for family life. With this, since you’ve probably assembled your house to fit your family’s needs for some time now, it shouldn’t be that difficult for you to showcase how family-friendly the house is. 

Some of the things you can highlight are:

  • Area size.  If you have spacious bedrooms or outside areas, families appreciate a lot of space.
  • Neighborhood. If your house is near schools, shopping centers, or hospitals, family buyers would appreciate that.
  • Safety and Security. No parent would want their children to live in dangerous places, so highlighting how safe your home is would be a thumb’s up.

Consider FSBO

As the name suggests, For-Sale-By-Owner means that you’re going to sell your house without the assistance of a real estate agent. If you need the most money you can get, FSBO will save you from paying a hefty commission price. Real estate agents require about 6% of the gross sales on average, so if your house is, say, $100,000, would you will be willing to let go of $6,000? Or would you want to allocate that instead to other more important things?

When you sell through FSBO, though, it would be best to hire the services of a real estate lawyer just to have someone check if all the documents are valid and legitimate.

Hire a Real Estate Agent  

If you don’t have the time to sell the house by yourself or are too worried about going through the FSBO process, hire a real estate agent. Hiring a real estate agent actually has more benefits because:

  • They know exactly what to do 
  • They have a network and could find you prospective buyers faster
  • They can make a comprehensive market analysis 

Your real estate agent would also have your best interest at heart. Considering that you need the equity to buy a new home, a great real estate agent would know how to negotiate with a buyer, so you can have the most equity that you can get. 

Sell to A Professional Home Buyer

Lastly, if you don’t want to list your house on the market yourself, or you don’t want to go through the risks of working with a real estate agent, you can also sell the house directly to us at Spire Property Solutions. We are well-versed with the house selling & buying process, and we can do all the groundwork for you. We are like your agent and buyer rolled into one, with the commission price. Plus, we take care of all the closing costs!  

If you need to relocate by next week or sooner, call us today, and we will buy your house for cash. You can contact us at (678) 318 1801 or fill-up the form below!

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