The BIGGEST issue in the McHenry County housing market right now: there are NOT ENOUGH homes for sale!
If you're selling a home, this is good news, because it's a Seller's Market, your home should sell faster. And for more
IF you're a buyer, you have to be pre approved for a mortgage & ready to make quick decisions. Homes sell fast. Otherwise, there's no sense in looking.
Here's where it's tricky... IF.... You're a BUYER & SELLER, you must decide: 1. Sell first, then Buy. Or 2. Buy first, then Sell
There are PROS & CONS to both...
Sell first, Then Buy
More peace of mind knowing your home is sold, less risk of owning 2 homes. CONS: In a sellers market like now, your options are limited. You might have to make a buying decision with few options available. Or, you might not find anything, then be in a situation where you do a short term rental. You might also have to close on BOTH homes on the same day, which can be stressful. I have many clients doing this now!
Buy First, Then Sell
PROS: You can wait until the right house comes along, and be more patient. If you're looking for a specific home with "must have" features that are hard to find, then buying 1st might be your best option. CONS: you run the risk of having two homes for an "overlap" period. You also need to financially afford both homes, especially if applying for a mortgage. And you have to be ready to list your home quickly.
The bottom line is, everyone's situation is different. Everyone also has different risk & comfort levels.
To find out what the best option is for you, hit me up with any questions! I've seen all sorts of different scenarios, and can offer free advice!