Protecting Yourself In Selling Your Home

REALTORS® OUTLOOK

By Kay Wilson-Bolton

President, Ventura County Coastal Assn of REALTORS®

April 16, 2000

 

Sell Under What Conditions?

This is a tricky market if you plan to sell your home and buy one too.  If your dream home is an English Tudor on 10 acres in Bardsdale and the market is right to sell your upgraded tract home, think before you sign your listing agreement.

You may want to restrict the sale of your home to finding one that suits you with a concurrent close of escrow.  To exclude that contingency may force you into a position of selling your home without having a place to go.

The other tricky element is to find a home where the seller is willing to let you sell yours while they wonder if they should be packing and shopping.  In Western Ventura County, there is no secret about short shelf life for homes.

Most sellers want your home to be in escrow before they see your earnest money deposit check.  If your next home is going to unique, protect yourself within the terms of the listing to be sure you are not selling your home and then moving into a rental, only to discover that your next home does not exist.

To sell your home in one marketing period and buy in another has proven to be unwise in the last few years.  You are better off to sell and buy in the same marketing period to insure an equal trade off dollars, particularly when prices are on the rise.

Sellers may discourage some offers if they limit the sale of their home to finding a home of their choice, but better be a discouraged seller at the beginning of the sale, then at the end.

REALTOR® members are able to guide you in protecting your position.

In your real estate activities, consider contacting a REALTOR® first. Not every real estate agent can use that name and there is a difference.  REALTORS® have subscribed to the National Code of Ethics that are clear and commanding and provide a baseline for performance.

 

Kay Wilson-Bolton is president of the Ventura County Coastal Association of REALTORS® .  For more information, contact Bob Seitz, CEO, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is http://www.vc-realtors.com

 

 

 

About Kay Wilson-Boltonhttp://www.kaywilsonbolton.netWith a full-time career in real estate, I can add to your bank of knowledge, not only in real estate but in many areas of life that deal with people and relationships and choices. My real estate career has taught me many lessons about planning ahead and looking forward. I believe in helping along the way so that they can be the best they can be in any situation. I serve as a Fire Department Chaplain and Coordinator for the Many Meals Project which serves homeless and hungry families in my community. The event is far more than many meals. I make pastoral visits to the inmates in the County Jail System and offer them what God says about "all things being new" and His remarkable plan for our lives. I have served my community as Mayor and in many volunteer capacities. I serve others by serving God first. My husband is involved in prison ministry and is a graphic artist. We live a simple life in Santa Paula with an office cat named Scout, three rescued poodles and two cats at home.

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