Please Tell Me What You Would Do!

The average selling time in slow markets like dallas is 6 months....stay patient. I know that making a smooth transition from old house to new is important but it may be worth piece of mind to just concentrate on selling the old one before entering in contract on a new. I agree the market is sucky slow here but the new home inventory is wayyyyyyyyyyyyyyyy high so if you don't have to have it built from ground up you can realistically waiti for a contract on your present home and enter into a contract on an inventory new home that has already been built and likely coincide the closing of both to be about the same time...also if your mortgage on present home is not ridiculous you may want to consider renting the property - consult with your agent on a fair price for rent and leasing options. You may also want to talk to your agent about "lease to own" options as many people, especially this side of town can't meet the mortgage criteria for one reason or another - usually poor crdit scores, previous bankruptcy or foreclosure, but can realistically afford a rent to own situation. Having your present home rented with tenant may even get you a nicer mortgage interest rate with the new home - check with your mortgage company. Happy homewarming!!

I know its not idea, because you won't get what its worth, but you could go to www.ibuyhouses.com or some other investment company that buys houses. There's no guarantee they will buy, but its better than losing a potential new home. Give them a call!

We just went through the EXACT situation and had to end up renting out the one we were trying to sell. We did all the things they said to make it sell and it just didnt. Our house was also one of the nice houses on the block :) We had to make the decision to rent it until the market is better and so far we dont regret it. I told the family I require a monthly walk through when I pick up the rent check, to make sure the house is in good shape and so far it has been.
GOOD LUCK!!

Offer to pay closing costs with acceptable offer. This makes it easier for the person buying to get in without having money for closing. Some people offer incentives -like $1000 cash back or gift cards, etc. One person on tv even added a car as an incentive! (This was an expensive house in California). Closing costs is probably the biggest incentive and then you can sweeten the deal with anything else you want. It makes it more attractive for the buyer and gives your home an advantage over others.

Also, when I sold my house -I borrowed an "Open House" sign from my realtor and after I got home and cleaned...I would put the sign out on the street. It wasn't an official open house -but it drew more people in to look without having to schedule with your realtor, etc.