Should You Set A Moving Date If You Don’t Have A Buyer For Your House Yet?
The logical thing to do, when planning to move to a new place, is to first sell your old house then buy a new one. However there are extenuating circumstances that force someone to move before the house is sold. If your mind is set on moving and there is still no buyer for your house, here are a few questions you should ask yourself before setting a moving date:
Are you starting a new job with a set date?
One of the main reasons why people move to a different place is work. If your new job has a defined date, you will have to move to the new location in time even if your house is not off the market.
Your new boss will not understand that you still have an unsold house so you have to make do with what you have. In the meantime, you can rent a place out there or live in a hotel as you wait for the house to sell.
Do your kids need to start school?
While kids can be transferred to a new school any time of the year, it is usually good for them to start a new school when the year starts. If you are planning to move anyway, the best thing to do is to transfer the kids or enroll them to the new school even if you haven’t sold the house yet. When you move your kids to another school depends on which level they are at since high school and college students have less flexibility as compared to grade school kids. Find a temporary resident around the new school if you haven’t bought a new house already.
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Can you be able to finance two houses at the same time?
Even if you have finished the mortgage on your old house, there are still expenses that go into owning a home. Another thing to consider is if you have the money to buy a new house before selling the old one. If you find yourself in this predicament, you can have your real estate agent help you put a 20% down payment on the new house and wait until the old one sells to pay the rest of the money.
Do you have temporary accommodation?
There are instances when one has the option to move to a new place before they sell their old house because they have alternative accommodation. If so, go ahead and make the move; have the moving company arrange for temporary storage of your household items.
In the real estate market, there is no telling when your house will sell. The truth is, you can’t hold off your move until the house is off the market if you really need to move to a new place. While having a good realtor can help make the sale a bit fast, you cannot put your life on hold until that happens.
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