With low inventory in many markets throughout the Portland metro area, many homeowners are afraid to sell their homes because they're concerned that they may not be able to find a new one. This can be a real problem, but if you are seeking to sell - whether to upgrade or find a new neighborhood - there are a few ways to combat the low inventory.
Look to Buy First In most markets, it is a real mistake to put your home up for sale before you start looking for your new property. Even if you don't see anything on Zillow, it doesn't mean you can't or won't find the right home. Establishing a good relationship with a Realtor who networks effectively will be beneficial in potentially hearing about homes targeted to come on the market before they are open to the public.
Think Outside the Box Be proactive! Keep in mind that there are probably many people like you who want to make a move but are afraid as well. Have your Realtor send a letter to the neighborhoods in the geographic areas where you want to live. The letter should be heartfelt and personal while announcing that you are ready to buy a home in that neighborhood. You could find a home to buy that may not even be currently listed or for sale.
Protect Yourself In today's market, sellers will often indicate when listing their home for sale that the sale is subject to seller finding a suitable home to buy, or may indicate that sellers need a month or two of possession after closing on a sale to allow time for them to find their next home. Talk with your Realtor to determine what is best in your situation.