• Home
  • Blog
    • Business Partner Magazine Archive
  • Free Contests and Giveaways
  • Resources
  • About Us
    • Cookie Policy
    • Disclosure Policy
    • Privacy Policy
    • Terms of Website Use
  • Contacts

Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

  • Business Success
  • Marketing
  • Finance
  • Employees
  • Technology
  • Start-up
  • Productivity
  • Communication

What Happens When You Sell Your Home for Job Relocation Before Finding a New One?

August 5, 2022 by BPM Team

Click here to get this post in PDF

Too long to read? Enter your email to download this post as a PDF. We will also send you our best business tips every 2 weeks in our newsletter. You can unsubscribe anytime.

Enter your NameEnter your Email Address
Real estate agent handing over the house key to client

Ideally, the timing of the sale of your home and moving into a new one would line up perfectly – you’d find your new home, the sale of yours would close, and you’d move out on the day you’re meant to occupy your new house.

However, it doesn’t always happen this way. In fact, it’s not uncommon for people who relocate for business and sell their properties to find themselves between homes for days, weeks, or even months – forcing them to find alternative accommodation in the interim. Luckily, there are plenty of options for temporary housing. There’s no reason you can’t find a solution that suits you for however long you need.

Here are five options for your new home-between-homes and how they differ from one another.

Consider Your Options   

If you don’t have any family members or friends who can accommodate you when you’re between moves, you’ll need to find temporary housing.

There are five short-term housing options: short-term rentals, corporate housing, sublets, vacation rentals, and extended stay hotels. You can go through a short-term rental company like DelSuites or perform an internet search for short-term accommodation in the area you want to live in.

Short-Term Rentals

Short-term rentals are typically rental houses or apartments with flexible lease terms. However, something to bear in mind is you’ll usually have to pay more rent for a shorter lease period.  

Corporate Housing

Corporate housing is similar to short-term rentals. While corporate housing generally provides temporary accommodation for business travelers, the Corporate Housing Providers Association has found that relocation is the most common reason people seek this type of temporary housing.

Sublets

Depending on the area you want to stay in and the rental market, you might find a sublet that can accommodate you. In a nutshell, subletting involves taking over an existing tenant’s lease for a set period of time. This option may require approval from the property’s landlord.

Vacation Rentals

Platforms like HomeAway, Owner Direct, and Airbnb are dedicated to connecting property owners who want to rent out their homes (or a room or cottage on their property) for long or short periods of time with people looking for temporary housing.

Although these platforms are commonly rented as vacation properties, some property owners also offer more long-term rental options – especially in the off-season.   

Extended Stay Hotels

If you need accommodation for longer than a few days, you probably don’t want to pay the heavy nightly fees for a stay in a typical hotel. That’s where extended stay hotels come in.

Extended stay hotels are perfect for guests who need somewhere to stay for longer than the typical vacationer. Of course, the price of accommodation will depend on the hotel chain, the area, and the accommodation itself.

Final Words

When setting your budget for temporary housing, don’t forget to include any additional fees. Some housing options will charge you for additional services like utilities, parking, or repairs to the property during your stay. When searching for a housing option, enquire about any additional fees upfront.

Finding an ideal short-term housing option can take time – so be sure to start searching well before the sale of your house closes.

You may also like: Bridging Finance for Buy-to-Let Property Investment

Image source: Shutterstock.com

Filed Under: Property Tagged With: property

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter
  • YouTube

Disclosure

We earn commissions if you shop through the links on this page.

Recent Posts

  • How Can Small Businesses Harness the Power of Experiential Marketing
  • We’ve Got The Key Limited (WGTK) joins handl Group’s portfolio
  • Understanding the Impact of Brokerage Fees on Investment Returns
  • Why Should Video Games Be Allowed in School?
  • Remarketing Best Practices: A Comprehensive Guide for Success

Categories

Archives

Make Money Online – Free Course

  • Discover All The Shortcuts To Affiliate Marketing Success
  • Find Out How To Fill Your Site With New Leads And Customers
  • Discover How To Turn Your Passion Into Profits
  • Learn How To Write Copy That Gets Results Fast!
  • Discover How To Create Promote & Sell Your Own Products Online
  • Everything You Need To Know About Marketing Money Online
  • Strategies For Successful Web Entrepreneurs Inside
  • Discover How To Invest Smarter Grow Faster And Retire Rich
  • Email Marketing Strategies For Marketers And Entrepreneurs
  • Free training reveals how to build a successful six figure income online
  • Discover The Mindset Hacks You Need To Succeed
  • Free Marketing Memberships – Make Money Online

    Make money online free marketing memberships

    Tags

    Accounting apps bitcoin brand business skills business success Career communication cryptocurrency Customer Service Data design Digital marketing ecommerce Efficiency employees Featured Article finance finances Health and Safety infographic insurance Investing investment legal legal tips Management Marketing marketing strategy Outsourcing productivity property Real estate sales security SEO Social Media software starting a business startup Technology Trading Training website workplace

    Disclosure

    We earn commissions if you shop through the links on this page.

    Digital Marketing Agency

    ReachMore Banner

    Business Partner Magazine

    Business Partner Magazine provides business tips for small business owners (SME). We are your business partner helping you on your road to business success.

    Have a look around the site to discover a wealth of business-focused content.

    Here’s to your business success!

    Copyright © 2023 - Business Partner Magazine·