I’m Mark Gladue, listing specialist and Broker Associate with Lauer Realty Group. I get this question all the time:

"Hey, Mark. I really do want to move this year because I know that I have a ton of equity in my house and I can make a lot of money. Where am I going to go?"

Right.

So there's a couple of different answers here, and I want you to pay close attention because if you're looking to sell your home - this year is above and beyond! Do it while getting some of that equity out.

The first thing you want to do is think about a rent back. So, a rent-back situation is where a buyer comes in, writes an offer on your home, and then allows you to rent back for up to 60 days. That means you get to stay in the house you close on in 30 days so that you have the equity to purchase your next home. Then you have time to find a new home!

The second is by far the most unpopular. Are you ready for it? You're going to move twice. You're going to rent something after you sell your home so that you have nothing to sell and no home sale contingency. You're going to move into an apartment and find your house after that.

Then the third - which is probably one of the better options of the three - is that you're going to contact your mortgage lender and ask them if you can afford to purchase the home without making it contingent upon the sale of your current home. That allows you to write a clean offer. It also allows you to move at will as opposed to waiting for your home to sell.

I know that 2021 will be even crazier than 2020 when it comes to housing inventory; everyone wants to try to take advantage of their equity. 

Most people who are looking to sell don't know about these three options. That's why we're here to help. Please give me a call and we can walk through each one of them and help you sell your home quickly.

As always, we're glad you stopped by.

-Mark Gladue