Sellphobia- Fear of putting your home on the Market or you'll be homeless.  

 

With today's current real estate market in the Louisville KY area and the Nation, inventory is down.   Inventory is hovering at a 3 month supply in our area and that makes it a very strong seller's market.   However, I hear and feel seller's are afraid to put their home on the market for fear it will sell and they can't find another suitable to their wants and needs. 

This could leave a seller homeless for weeks or months and possibly settling for a house they really don't LOVE.

Competing with pre-approved buyers who don't have something to sell is very difficult for a contingency buyer (one who has to sell to buy).  

If only there was a bridge loan.....nope, not many out there these days.

 

THERE IS HOPE !  I recently found a loan product that helps a seller with equity in their home compete with those pesky first time buyers or buyers with no sale contingencies.

 

There is a "contingency relief loan" with a local bank to help with up to 90% of a seller's home equity on a interest only loan for 12 months.   It does require pre-approval and eventually a contract but there is an option for those sellers on the fence.

 

Contact us for more details.  adamborders@kw.com or patcrisp@kw.com

www.TheBordersteam.com

www.shelbycountykyhomes.com