We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies.More info
Ken Schwartz Real EstateKen Schwartz Real Estate
Call Us:

858-500-2195

Message Us:

[email protected]

  • Meet The Team
  • Read Our Blog
  • Success Stories
  • Our Current Listings
  • The Seller Experience
  • Sell My Home
  • Get Cash Offer
  • Get Your Home's Value
  • Sold Gallery
  • Search Homes for Sale
  • The Buyer Experience
  • Contact Us
    • Call Us:

      858-500-2195

    • Message Us:

      [email protected]

    Featured Image

    What Do You Do When You Can’t Find a New Home?

    Being in-between homes is more common than you think — and we have a plan if it happens to you. At first, it sounds like...

    • Ken Schwartz
    • January 25th, 2021
    • 5 min read

    Being in-between homes is more common than you think — and we have a plan if it happens to you.

    At first, it sounds like a problem any seller would love: Your home sold after only days on the market. After all, the fear of a property lingering on the market, enduring possible price cuts, or low ball offers is what keeps many from selling in the first place. While a quick sale is a reason to celebrate, the challenge comes when it happens before you can find a new home. 

    This is an increasingly common situation in our current market, which remains hot due to the continued limited inventory that started in April 2020. Though inventory may increase in the spring selling season, there’s a conundrum. For every home listed, another home has to be bought. Until inventory outpaces demand, securing your next home might likely take a little longer than anticipated.

    Still, the upsides of a speedy home sale outweigh the inconvenience of possibly being in-between homes: Less drama, achieving your asking price (or more), and being able to consider multiple offers to find the best buyer for your house. We can help you plan ahead by following these strategies before you list.

    Ask about a contingency clause.

    A home sale contingency is a clause in your contract that essentially states that you won’t finalize your home's sale until you find a new home. Ordinarily, buyers find such clauses to be off-putting because it creates a lot of uncertainty in their own timelines. However, when demand is very strong like it is now, there may be a buyer out there who has a more flexible timeline for their move. (For instance, a family in the market for a home but doesn’t want to move until the new school year starts). We'll discuss it together to see if a clause would make sense for you.

    Consider a bridge loan.

    One of the reasons sellers panic about being in-between homes is dipping into their savings to cover the unanticipated living expenses, especially as the sale is pending on their current place. A bridge loan is a short-term loan that can cover you in this instance. (It can also add to your home purchasing power, in case that opens up more options to consider buying.) The downside is that these loans often have higher interest rates and quicker repayment periods. Do the math and read the fine print to see if this makes sense for your situation. Need some advice? Let's connect.

    Look for a “vacation” rental or corporate housing.

    Whether you’re located by the beach, the city, the mountains, or a quaint small town that’s popular with tourists, there are seasonal rentals to be found. While the seasonal vacation rental market is projected to pick up as travel rebounds following all that 2020 brought, these rentals weren’t going as quickly as annual rentals. In other words, there are more options to be found, often at prices lower than they’d traditionally go for. Look out for deals for off-peak rentals especially. Another option is corporate housing since they typically offer more flexibility as you settle into your new area. Both vacation rentals and corporate housing tend to be furnished, so if your furniture is in storage until you're able to buy your new home, you'll be comfortable the whole time. 

    Add rentals to your home search.

    Yes, you should look at the complexes in your area to get a sense of their availability and price, just in case. We have great insight about our local market and connections to agents to specialize in rentals — and not just homes for sale. Additionally, some of our clients may be on the fence about listing their home. They may consider a rental arrangement, be former buyers who purchased multi-family homes or are former buyers who purchased vacation homes that are rented out in the off-season. Which brings us to…

    Hire an agent with connections.

    When it comes to securing a new home in a limited inventory market, sometimes, it comes down to having an agent who knows how to leverage their connections. As your real estate agent, I'm prepared to tap into our database of potential sellers in the areas that you're considering buying. From there, we'll have conversations with each interested seller and set appointments to preview their home for you. If we can help find potential homes to showcase to you so that we're not only helping you sell your home but ensure that you can buy a home as well, we will.

    When you’re putting your home up for sale, it’s easy to let anxiety take the wheel. The fear of selling your home before lining up your next home is one of those worries that commonly come up when the market is hot. However, it’s also one with a few easy solutions — and depending on your unique situation, we may have even more creative ideas depending on your market. You never know if such a scenario may be a blessing in disguise, too. Just think, next year at this time, you may be sitting pretty in an affordable vacation rental in a fun destination, taking your time to find your dream home.

    Let's talk about your options.

    If you're struggling to find your next home but you're ready to sell your current home, let's talk about your unique situation.

    Click Here

    Author Photo
    About the author

    Ken Schwartz

    8585002195
    • facebook
    • X
    • instagram
    • linkedin
    • youtube
    Since 2008, I have been helping clients reach their goals, and doing so in the most professional fashion possible. I graduated with a Bachelor’s Degree in Mechanical Engineering from the University of California at San Diego in 2008. After working in the field for a short time, I found my true calling in Real Estate. My ability to talk with people and problem solve made real estate a perfect fit for me. I obtained my Real Estate License in 2008 and have worked in the industry ever since. My previous experience includes Property Management and helping clients Buy or Sell their home. In 2012 I received my Real Estate Brokers license and have recently joined the team at CENTURY 21 Affiliated. When I'm not out selling homes, I love spending time with my wife and 4 french bulldogs. I also play in an adult baseball league, which helps fulfill my competitive nature. Having played baseball in high school, it is a great extension to my glory days. Thankfully San Diego has such great weather, we can play year round. My expertise in the San Diego market and the outstanding resources of CENTURY 21 Affiliated give my clients the satisfaction that I can provide them the best quality service out there. A Real Estate transaction can be a stressful time, but it doesn't have to be. We do everything we can to make it as smooth as possible, while delivering our clients the best value and helping to build their personal wealth.

    Similar posts like this

    Stuck Between Moving and Staying? These 3 Questions Can Help You Decide

    Feeling torn about moving or staying put? These 3 questions can help you get clear on what matters most—beyond just your...
    Read more

    Summer Home Shopping in San Diego? Here’s How to Beat the Competition Without Overpaying

    Buying a home in San Diego this summer? Here's how to write a competitive offer, understand seller motivation, and know ...
    Read more

    Is Your Listing Photoshoot-Ready? 7 Overlooked Details That Matter in San Diego

    Most buyers see your home online before they ever step inside. Use these 7 often-missed tips to make sure your listing p...
    Read more
    Ken Schwartz Real Estate

    Ken Schwartz | CA DRE #01854235 | NMLS 2461429

    2020 Camino Del Rio N. Suite 800, San Diego CA 92108

    2020 Camino Del Rio N. Suite 800, San Diego CA 92108

    Call Us:

    858-500-2195

    Message Us:

    [email protected]

    Footer Links

    • Meet The Team
    • Read Our Blog
    • Success Stories
    • Contact Us
    • Get Your Home's Value
    • Marketing Strategy
    • Search Homes for Sale
    • Mortgage Calculator
    Privacy Policy

    Ken Schwartz | CA DRE #01854235 | NMLS 2461429 © 2025

    Powered by