Where Will You Live, if You Sell Your Home Today?
Sometimes, when you plan to sell your home, it happens faster than you expected. Do you know where you will live if you sell your home before you find a new one?
There are, of course, several options you can look into. Whether you've already accepted an offer or you haven't even listed your Madison home for sale yet, having a plan for where you will live is important.
Let's look at the options you have once you sell your home.
Where to Live When You Sell Your Home
An Existing Home You Purchase
Of course, the best option is to live in an existing Madison home you find on the market and buy. With a good real estate agent and a bit of luck, you can sell your home and buy a new home in Madison at the same time. This is a great way to ensure you have a place to live, but it doesn't always work out perfectly.
A New Construction Home You Build
Another option, when you want to sell, is to build a new construction home. However, this can get tricky. It's not always as easy as living in your current home while building another home. You might have to rent something if you need the proceeds from your home sale to afford the new construction project.
The good news, with this option, you won't have to worry about juggling buying and selling at the same time. You might even be able to get your new construction home started before you sell your current home.
There are hotels, houses, and apartments that you can rent by the week or month. This option can help fill in the void if your home sells faster than you expected and you haven't found a new place to live yet. Maybe you just need a month or a few months to keep up your home search.
It might not be the most ideal option, but you can put all your things into storage and live in a rental apartment, condo, or home for a few months. In some cases, this might allow you to get your home sold and not feel pressured to find a new home quickly.
Live with Family
If you're lucky enough to have family that can take you in, this might help you out, too. You can save some cash by staying with your family. Of course, this might need to be even more temporary when it comes to a place to stay until you can move into your own home.
There are plenty of options to consider when you sell your home faster than expected. When you need a place to live, you might need to rent, find a home quickly, or even live with family for a short amount of time.
If you plan to sell your home and buy at the same time, you will need the help of a good real estate agent. With the right contingencies and a continuous home search, you will have a better chance of selling and buying at the same time.