How To Transition From Your Old Home To Your New Home

You’ve accepted an offer on your home - congratulations! If you haven’t found your new home, what do you do next? This is a dilemma we see all the time. You may be moving because of work, or to a bigger or smaller home, or different school district, and finding your new home has been tough in a tight sellers market. Maybe you are building a new home that isn't quite ready yet.

No matter the situation, it’s important to understand your options. We created a list of the top tips you need to know when transitioning to your new home.

1. If you haven't yet negotiated the final terms of the contract it may be possible to ask for a lease-back situation on your existing home if you need more time before you close on your new home. Some buyers may not be in a hurry to get into the house. Especially in a hot sellers market, your agent can negotiate the best terms for you. If there is a lot of interest in your house, and you know you need some transition time, you can make it clear up front even when the home is first listed that you may need a lease-back situation. This is more common than most people assume, so don’t be afraid to ask!

2. Short-term rental - You can search in your desired location for a short-term rental. Your trusted real estate agent will be able to help you. Alternatively, more and more property owners are listing rentals on sites like Airbnb. If you know you will need a longer stay, such as 3 months, don’t be afraid to reach out to the property owner regarding a discount - the host may be very interested in a guaranteed occupied rental unit for a longer period.  

3. Mobile home or RV - Many RV and mobile home parks have a short term or seasonal rentals available. Reach out to resort communities, get a storage unit or POD for the bulk of your possessions, and spend a fun season at an RV resort while waiting for your new home.