What if something unexpected happened – a relocation, perhaps – and you needed to sell your current property quickly and find another home? What would you need to do to make that happen, especially when you don’t have a minute to spare? Focus on the following three steps:
1. Prepare your property for sale
If you’re selling your home, you want to make it as attractive to potential buyers as possible. Depending on your property, this may involve getting minor repairs done, doing some light renovations (such as painting the foyer), eliminating as much clutter as possible, and making sure your home is clean and neat.
2. Get a pre-approved mortgage
A pre-approved mortgage is simply a certificate from your bank or lender that states how much money you qualify to receive. Getting a pre-approved mortgage is a good idea for two reasons: It gives you confidence when shopping for a new home, because you’ll know exactly how much home you can afford. And, it gives the seller confidence that you’ll be able to secure a mortgage for the purchase price you’ve offered.
3. Find the right real estate professional
The right real estate professional can make the entire process of selling your current property and buying your next home quick and easy. He or she can help you determine the right listing price and show your home to prospective buyers. At the same time, your real estate professional can show you properties that fit your budget and other criteria. So there’s no need to panic. If you have to sell your home and buy another one quickly, focus on these three steps to help ensure everything works out fine.