The Pascack Valley Real Estate See Saw Challenge

The Real Estate See Saw Challenge has become a normal situation for many Sellers who are also Buyers. These are those families who must Sell their current home in order to purchase another home. These people could be making a move based on any of the following scenarios:

1. Yesterday's first time homebuyer whose family has now grown out of their current home.
2. Empty nesters who no longer require 3 or 4 plus bedrooms and want to downsize to make a more manageable living space.
3. Homeowners whose significant other is no longer a contributing co-owner due to life altering events such as divorce, death or other.

Where has the market left these homeowners? The increase in inventory during a time when mortgage guidelines have become stricter has presented a new set of issues. Should you Sell first and hope to find a more suitable home before the purchaser of your home needs to close. Or do you Buy first and hope the bank will approve you for a loan. Then there becomes the need to carry two homes while you search for a qualified Buyer for your home. This of course sets up another dilemma. In real estate we refer to it as the "domino effect". If you buy a home that is contingent on the sale of your home and the buyer of your home is buying your home contingent on the sale of their current home and so on and so on....... All very scary scenarios to think about which could be the cause for lack of harmony in the home and countless hours of sleep deprivation!

So what do you do? Do you take that leap of faith that will eventually get you to experience the blissful end result you so desire? Who can you trust? The Lenders, the Seller of the home you want, the Buyer of your home, your Realtor®? So many questions!

The answer is "there are no easy answers". If you want to make that move, a certain amount of compromimse will be inevitable. But then isn't it true that anything worth winning comes with a challenge? Hiring a professional experienced in the many different possible scenarios will allow you to make the best possible decision for you and your family. Your Realtor® can also provide you with the answers to your questions that will help you make sense of The Real Estate See Saw Challenge.

Whether you are Selling or Buying in the Pascack Valley area of Bergen County, New Jersey, call Lisa & Bob at (201)218-6802 or visit us online at http://www.hammersteam.com/. We're your Hometown winning Team and we're here to help you with your real estate needs. The Pascack Valley Real Estate Resource!

For more real estate tips and information about the current market, subscribe to our Blog.