Home sellers in many areas of the country face a problem that’s rather nice to have: They have found a buyer who is eager to move in, and now they must find another property to buy — the faster the better.
That’s a change from the depths of the housing crisis, when finding a suitable home to buy was easier than selling one.
In markets as diverse as Boston, Detroit and Naples, Fla., it’s getting harder to find a home to buy. Those three markets had significantly fewer homes for sale in late 2013 than a year previously, says Lawrence Yun, chief economist for the National Association of Realtors. Low inventory plagues other markets, too.
Here are questions that sellers should ask so they can minimize the squeeze caused by selling a home before buying another.