week 5 in my Get Out of Town Guide
Welcome to week 5 of my Get Out of Town guide! This week we’re getting down to the nitty gritty of selling your house and buying a new one. If you need a review, in week 1 we talked about WHY you are moving, in week 2 we talked about WHERE you are moving, in week 3 we talked about WHEN you are moving, and in week 4 we talked about the financial aspects of your move.
Here are your options when it comes to selling your house and moving to a new place:
Option 1: Sell your house, move to your new area, then buy a house there. This way you’ll know exactly how much money you got from selling your house, and exactly how much you’ll have to work with for purchasing a new house. You can move to temporary housing (or stay at an extended-stay hotel, or stay with family) if you’re not sure exactly where you want to live. That will give you time to purchase your new home without feeling pressured. This option will take more time, there will be 2 moves involved instead of 1 (since you’re not moving directly into your new house), and this could be more expensive as you could be paying for temporary housing. But you won’t feel rushed or stressed, and this option adds for more flexibility in case there are unexpected road blocks in the process.
Clients who I have helped sell first, then buy:
*But what if I want to rent a house in my new town/city/state instead of buying a home right away? That is definitely a possibility, and it might be the best thing for you and your family! I would love to help you navigate that process as well!
Option 2: Buy your new house, then sell your house in Brighton. This is one of the most convenient and least stressful options (depending on your situation), but this could be more expensive. If you can afford it, purchasing your new house and paying a double mortgage for a month or two would enable you to only move once without having to involve temporary housing. It would also make it easier to show your home if you have already moved out. This is an option many of my clients choose: they can buy their new house, move, and then hand me the keys and I’ll take care of selling their home in Brighton. You can even do your closing without coming back to Colorado if you want to! Most title companies offer remote closings that make everything incredibly convenient.
Clients who I have helped buy first, then sell:
*But what if I want to rent out my old house in Brighton? That is definitely an option, and a great option at that! Owning a rental property is a great source of passive income and would allow you to keep all the equity you have in your old home. I would love to help you set that up, and I have some articles about owning a rental property here if you want to learn more about it!
Option 3: Do both at the same time! I have done this for plenty of my clients and it is completely possible! This is the most affordable option, as you won’t have to pay for temporary housing or two mortgages. However, many of my clients find this to be the most stressful option as there are more factors outside of your control. We can negotiate for a post-closing occupancy so you have a little bit of time to move out of your old house after closing before you move into your new house.
Clients who I have helped buy & sell at the same time:
Whatever you decide to do, I can help you! We’ll take your financial situation and how that compares with how much possible stress you want to take on, and we’ll make a plan that works the best for you and your family.
If you or anyone you know is considering moving out of state, I can help! Reach out to me any time and I would love to sit down with you and talk it out.
I'm Elsa and I love freeing people from their old home and helping them move on to a new home. Let's talk about how I can help you!
2227 Prairie Center Pkwy Suite D
Brighton, CO 80601
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