Finding the Right Professionals - The Emotional Side of Selling - What To Do When Closing Dates Don’t Match

In case you haven’t already noticed, there has been a little more action in the real estate market lately. This activity is common during the spring and summer months. After all, summer is an ideal time to make a move. If you have any questions about what’s going on in the real estate market – please give me a call, I’d be glad to help.

Finding the Right Professionals
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If you’re considering buying a new home, one of your most important tasks is to find the right professionals to help you. You’ll need a good REALTOR® and possibly other professionals such as a real estate lawyer, contractor, cleaner, carpet installer, plumber, electrician and a moving company.

How do you find the right people to make your move go smoothly?

First, start with professionals you already know in some way.

You may already know someone – a contractor, for example – that you like and trust. If so, then it makes sense to talk to him or her about your plans.

Also, consider those professionals who have taken the time to reach out to you by way of a visit, phone call or helpful newsletters (like this one). They’re demonstrating their interest in getting to know you and being of service. It makes sense to give them a call.

Another tactic is to ask for recommendations. Ask friends, neighbours, and even other professionals if they can recommend a good company to help you. Chances are, they can.

You’ll find that most professionals, such as REALTORS®, have a network of trusted people and companies they recommend. A good REALTOR® can probably give you all kinds of real estate related referrals.

If you need a recommendation, please call today.

 

The Emotional Side of Selling
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Let’s face it. Selling your home is as much an emotional decision as it is a practical one.

Sure, in some ways, a property is a “product”. You want to sell that product quickly and for the best price, so you can buy your next dream home.

A home, however, is also a place filled with memories and emotional attachments. You’ll think of the rec room where the kids’ birthday parties were held; the dining room where you had countless family dinners; and the backyard deck where many afternoons were spent enjoying the sunshine.

That’s why managing the emotional side of selling your home is so important. Here are some tips:

  • Have your kids draw pictures of the fun they’ll have in their new home.
  • Remind your kids that they’ll be able to stay in touch with their old friends, while making new ones.
  • Visit neighbourhoods where you’d like to find your next home. Walk around. Get a sense of what it’s going to be like to live there.
  • Consider taking a keepsake with you from your old home to help ease the transition.

Want more ideas for making your next move go smoothly? Call today.

 

What To Do When Closing Dates Don’t Match
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If you want to sell your current property and purchase your next dream home, you might be concerned that the closing dates need to be on the same day.

You might be worried about losing a property if the closing dates overlap, or being put out on the street if the dates are far apart!

For the most part, these concerns are unfounded. Thousands of properties change hands every day and usually everything works out just fine. In fact, it’s amazing how often closing dates actually do match!

But what happens if the closing date of the home you want to buy is days or weeks earlier than the closing date of your own property?

Most lenders anticipate this situation and offer something called “Bridge Financing.” This is a special loan that allows you to purchase the property with the earlier closing date. When your current property closes, the bridge financing ends and your new mortgage – if you need one – begins on the new home.

Alternatively, if the home you want has a later closing date, your REALTOR® can help you explore options, such as finding a short-term rental

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