Selling Your House And Buying A New One: When Your House Sells Before You Find A New One

21 October 2015
 Categories: Real Estate, Blog

When you are moving out of your current home and plan on buying another, there are many variables to consider and steps to take. One of the many challenges you may find yourself facing is the possibility that the home you are selling will be purchased well before you find a new house that you want. If this happens to you, you may not know what you and your family can do in the meantime while you continue to look for and put in offers or bids on houses that appeal to you. Get to know some of the accommodation options you and your family may want to consider if this situation occurs during your moving process so that you can be prepared in case this happens to you.

Consider Staying with Friends or Family

Moving in and of itself can be an expensive process and because of this, you may not have a great deal of money to spare to find temporary accommodations for yourself or your family. If you have family or friends in the area in which you currently live or the area you are planning to relocate to, you may want to see if they would be willing to take you in temporarily until you find a permanent place to live.

While this may not be the most comfortable or spacious living situation for your or your family, it is inexpensive and allows you to continue to looking for the perfect new home for you and your family without settling on a place that is not right just to have somewhere to stay. Be sure if you do stay with friends or family that you set up specific boundaries, timelines, and adhere to any requests or rules they set out. That way you will not damage your relationships with your loved ones simply because you are moving.

Short Term Rentals

Short term rentals are another option when you are still trying to find a house after yours has sold. These houses and apartments are often minimally furnished (though sometimes not) and are meant to be rented as transitional homes for the people who choose to live there. 

These units are usually rented on a month to month basis and do not require large or any deposits making them affordable and convenient. And if you and your family select a unit that is furnished, you do not need to worry about unpacking your household items and beds and then having to move them again to your new home within the span of a month or two. Instead, you will be able to live in comfortable, furnished accommodations, keeping your furniture and major household items safely in storage until you find a permanent home for them and your family.

Now that you have a few ideas of what you can do if your home sells before you and your family find a new one, you can be prepared for the situation should it arise. Remember that there are options available to you and your family for temporary accommodations so that you do not have to settle for a new home that is not the right fit.