There seems to always be something new in residential real estate that I have never experienced in the past 32 years I have been in real estate.
I have a client who is purchasing a home very nearby the home they own now. In order to obtain their financing for the purchase, the bank required that they put their own home on the open market for sale. Despite the fact that they didn’t need to sell their home to get their new home purchased, it was required that they actually list their current home for sale.
Since their current home isn’t nearly ready to show, it seemed illogical that an active listing would be required to get their new home loan. Nevertheless, we went ahead and put it actively on the market to satisfy the lender with the caveat that it was being prepared for the market and could not be show until further notice. Truly this is an UN-listing!