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Options to Take Advantage of a Hot Sellers' Market

As we conclude the first quarter of 2022, the real estate market on the Central Coast is not showing signs of a slow down. Homes are selling quickly and at or over list price. Many sellers want to take advantage of this market but are concerned where will they go after their home is sold. In this real estate market after the 2020 pandemic shut down, homeowners are taking advantage of creative solutions to this question:

Buy First Then Sell

You will need to qualify to buy without selling your current home first and if you hold considerable equity in your current home, this may be the answer.

 

Rent or Lease Back from Buyer

Set the selling terms of the need for a rent back for a set period of time - 60, 90, 120 or more days. This will give you the time needed to buy your next home without any sale contingencies.

Rent a VRBO

Sell your home, place personal items in storage and live in a AirBnB or VRBO for a couple of months while deciding where your next home will be. This is a great idea if moving out of the area and wanting to get to know new communities/cities/states.

Try RVing

Go travel the country and enjoy the freedom of new adventures. Place items in storage, get a PO Box and rent a luxury RV. Stay local or explore new places to call home.

There are other options such as a simultaneous closing on the home you are selling and the one you are buying. There needs to be a conversation with your Realtor® if this is a possibility for you. The Good News is there are options out there!

When you list your home for sale with us, you benefit from the unmatched prestige of Sotheby’s International Realty, gaining exclusive access to highly qualified global clientele. Plus, your home receives unparalleled exposure on sothebysrealty.com, our award-winning website which attracted 46 million visitors in 2021 — more than any other luxury real estate website, as well as with our exclusive media partners including The Wall Street Journal, The New York Times, Financial Times and Nikkei.

 

You also benefit from our great strength in public relations and social media. Sotheby’s International Realty is the #1 most profiled luxury real estate brand in the news. Plus, we have one million social media followers and an award-winning YouTube channel with 47 million views in 2021.

 

For our clients, it all adds up to more eyes on your home than ever before. Wherever you are in the world, our team of specialists is at your disposal to provide advice, market insight, and valuations. If you are considering a move, it would be a privilege to help you discover the current value of your property.

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