- Joined
- Nov 17, 2015
- Messages
- 13,988
My parents have narrowed down their "next home" choices to two neighborhoods, but have yet to find the ideal lot/house come available. But over the past 60+ days, the right houses haven't come available.
They decided to sell first, then buy. They were hoping for a buyer who can be flexible with either allowing 60 days or allowing them to short-term rental the place back for a few months. They got offers with none of that (30 days to close) from the first few buyers, turned them down, and their RE agent is getting a little annoyed. They could sell and rent somewhere for a few months, but they aren't fond of that idea, including moving twice.
Now they are thinking, find the new place first, then sell. (they don't want to sell investments or get a mortgage at 75). I'm concerned about the stress on them for both approaches. Mom is a bit high strung, Dad internalizes her stress...they are great fun at parties!
I'm starting to think the "sell first, rent somewhere and wait" might not be good for them given their age and personalities... but then "buy, then hope we sell" also means they might lose the perfect house (and deposit, but that's cheaper than renting+storage).
Anyone with direct experience with either - getting stuck between sales is the issue that is keeping them up at night...literally.
They decided to sell first, then buy. They were hoping for a buyer who can be flexible with either allowing 60 days or allowing them to short-term rental the place back for a few months. They got offers with none of that (30 days to close) from the first few buyers, turned them down, and their RE agent is getting a little annoyed. They could sell and rent somewhere for a few months, but they aren't fond of that idea, including moving twice.
Now they are thinking, find the new place first, then sell. (they don't want to sell investments or get a mortgage at 75). I'm concerned about the stress on them for both approaches. Mom is a bit high strung, Dad internalizes her stress...they are great fun at parties!
I'm starting to think the "sell first, rent somewhere and wait" might not be good for them given their age and personalities... but then "buy, then hope we sell" also means they might lose the perfect house (and deposit, but that's cheaper than renting+storage).
Anyone with direct experience with either - getting stuck between sales is the issue that is keeping them up at night...literally.