Las
Vegas Real Estate
Homes - Condos - Townhomes - High Rises
Realtor Scot Savage 702-261-9048
Coordinating
the Move
from one home to another!
One of the most
difficult aspects to any transaction (and one that is rarely ever
covered enough before listing a property) is how to get from home A to
home B. Most sellers cannot afford to move into their new home before
the old one is sold, and rarely can you find a property to buy where
the seller is willing to accept a contingent offer and "wait" for your
home to sell. He'd just as soon leave his own home on the market and
take the chance on his selling first. Most of the new homes have a 6 to
12 month waiting period and may accept "contingent" offers, but the
builder will expect you to spring for your upgrades in advance. That
way if you don't end up purchasing the property the builder isn't out
any money, but you, of course, have lost big.
My advice to most
sellers is, put your property on the market and get it sold before you
even look at purchasing another home. Not that you can't window shop,
but why make a major commitment you're not certain to be able to
perform on? Why make a stressful time even more stressful? Most
seasoned sellers will tell you it is much easier to move into an
apartment for a short time (if necessary) than it is to make two house
payments!
If
you are planning on
purchasing a resale property usually it is fairly easy to negotiate a
longer escrow period with your buyer in order to give you some time to
purchase another home. Then you can do a concurrent (same day) closing
on both homes and move directly from one to the other. Sometimes it is
even possible to close on your current home and lease it back from your
buyer for 30 days after the closing. That gives you your funds in your
pocket in plenty of time for the closing on your new home.
If you are planning on
purchasing a new home, plan on moving twice. Not only is it almost
impossible to find a buyer willing to wait the length of time required
to build a new home, but it is impossible to plan on that home being
definitely completed on a certain date. There are certain to be delays
from any number of reasons, including material shortages, labor strikes
and broken or damaged cabinets and windows which have to be re-ordered.
The good news is there
are plenty of apartments in Las Vegas willing to negotiate less than
one year leases and some good apartment finding companies which can
help you find them.
I
sell Real Estate in
the entire Las Vegas Valley including Boulder City homes, Anthem
Country Club homes, Seven Hills homes, Green Valley homes, Green Valley
Ranch homes, Summerlin homes, Desert Shores homes, Lake Las Vegas
homes, Spanish Trails homes, Red Rock Country Club homes, Southern
Highlands homes, Spring Valley homes, Canyon Gate homes, Peccole Ranch
homes, Queensridge homes, the Lakes homes, Silverado Ranch homes, High
Rise homes and Henderson real estate - of course!