With more home buyers in our area than homes for sale, sellers who want to up-size or down-size in today’s limited inventory market may need a temporary housing plan if their current home sells before they’re able to find a new one.
If a bridge loan or rent-back doesn’t work and moving in with family or friends is NOT an option, some sellers are turning to Air BNB or Vacation Rentals By Owner (VRBO) for short term rental options. It’s a creative and viable option for the “off-season” but will come with a premium price tag as we move into the summer months. Bottom line – in this housing market you need to have a temporary housing plan in place…just in case.
