What if your house sells too fast?

Become a tenant in your home

You might be waiting for your next property purchase to settle, or you simply can’t find a decent rental so soon – whatever the reason, see if you can negotiate with the purchaser to include in the sale contract a short-term lease.

You may offer a reduction of the purchase price in lieu of rent, or an agreed weekly amount. This is by far the most convenient method, because it will buy you extra time without having to move from the property at all.

Rent elsewhere

Another option is to move your contents into storage and find a suitable rental property. With leases of three, six or 12 months, this can be a useful option if you are still researching the market and determining your next big move.

Board with friends or relatives

Family and friends can be a great asset when you need a few weeks’ accommodation – not long enough for a written lease but long enough to need a place to stay. Offer board money or money for bills, or do chores to compensate them for their hospitality.

Alternatively, find share accommodation for a short-term stay.

Live in luxury (if you can afford it)

Many hotels offer temporary long-term accommodation, which might work out to be more feasible if commuting to work is an issue. Think of it as a holiday lifestyle before you embark on the next big project.

There are a number of options out there, so enjoy your quick sale and count yourself among the lucky ones.