Selling a home can be particularly emotional and traumatic when the seller is simultaneously buying another home, according to a recent survey by the RealEstate.com Website. The double-whammy emotional process of selling and buying a home can send even the savviest of homeowners into a whirlwind of exhilarating highs and frustrating lows, it was noted in the survey report.
Many people underestimate the emotional overload of selling one home and buying another at the same time, said Holly Slaughter with RealEstate.com. Nearly half of the survey respondents agreed that the uncertainty of knowing how quickly their home would sell was difficult or more difficult that expected. They considered that time to be the most significant emotional low in the process.
That sense of uncertainty, always present to some degree during a home sale of purchase, is basically doubled for bridging homeowners, Slaughter noted. The only antidote is to spend some time planning for contingencies and to set your expectations realistically. |
