Where to Live Between Selling and Buying a House

Selling your house and buying a new one can be a thrilling yet stressful experience. You might find yourself in a situation where you need temporary housing. This guide will help you explore where to live between selling and buying a house, ensuring a smooth transition.

What to Consider When Choosing Temporary Housing

Choosing temporary housing requires careful consideration. You need to think about several factors to make the best decision.

• Budget: Determine how much you can spend on temporary housing without straining your finances.
• Duration: Consider how long you need the temporary housing. Short-term solutions differ from long-term ones.
• Location: Choose a location that is convenient for work, school, and other daily activities.
• Amenities: Think about what amenities you need, such as a kitchen, laundry facilities, or pet-friendly options.

Short-Term Rental

What Is It?

Short-term rentals are properties leased for a brief period, typically ranging from a few weeks to a few months. These rentals can be apartments, houses, or condos.

Pros

• Short-term rentals offer flexible lease terms, making them ideal for uncertain move-in dates.
• Many short-term rentals come fully furnished, saving you the hassle of moving furniture.
• You can find various types of properties, from apartments to houses, to suit your needs.
• Often located in convenient areas close to amenities like grocery stores and public transport.

Cons

• Short-term rentals can be more expensive per month than long-term leases.
• Depending on the market, finding a suitable short-term rental can be challenging.
• Some landlords may have strict lease terms and conditions.
• Short-term rentals might offer less space compared to your previous home.

Extended-Stay Hotels and Serviced Apartments

What Is It?

Extended-stay hotels and serviced apartments are designed for longer stays, offering amenities similar to a home, such as kitchens and laundry facilities.

Pros

• Utilities, internet, and housekeeping are usually included in the cost.
• Access to hotel-like amenities such as gyms, pools, and room service.
• No long-term commitments, with the option to extend your stay as needed.
• Often located in central areas, close to work and entertainment.

Cons

• Can be expensive, especially for longer stays.
• Typically smaller living spaces compared to a house or apartment.
• Less opportunity to personalize the space.
• May not feel as homey or comfortable as a personal residence.

Temporary Housing Services and Corporate Rentals

What Is It?

Temporary housing services and corporate rentals provide fully furnished homes or apartments for short-term stays, often used by business travelers.

Pros

• Comes with all necessary furniture and appliances.
• Managed by professional companies, ensuring quality and reliability.
• Often located in business districts or near major employers.
• Short-term leases with the option to extend.

Cons

• Generally more expensive than traditional rentals.
• Limited availability in some areas, especially during peak seasons.
• May have strict lease terms and conditions.
• Less opportunity to make the space feel like home.

Staying with Family or Friends

What Is It?

Staying with family or friends involves living in their home temporarily while you transition between selling and buying your house.

Pros

• Usually free or very low cost, saving you money.
• Emotional and practical support from loved ones.
• Comfortable and familiar environment.
• Flexible stay duration based on mutual agreement.

Cons

• Lack of privacy and personal space.
• Potential inconvenience to your hosts.
• May not be a viable long-term solution.
• Possible strain on relationships due to close quarters.

Subletting or Renting on a Month-to-Month Basis

What Is It?

Subletting or renting on a month-to-month basis involves taking over someone else’s lease or renting a property with a flexible, short-term lease.

Pros

• Month-to-month leases offer flexibility to move out with short notice.
• Wide range of property types available for subletting.
• No long-term lease obligations.
• Easier to find in urban areas with high rental turnover.

Cons

• Can be more expensive than long-term leases.
• Some landlords may have strict subletting policies.
• Potential instability if the original leaseholder decides to return.
• Often smaller living spaces compared to long-term rentals.

Vacation Rentals or Airbnb

What Is It?

Vacation rentals or Airbnb properties are short-term rentals typically used for vacations but can be a temporary housing solution.

Pros

• Flexible booking options, from a few days to several months.
• Wide range of properties, from apartments to entire houses.
• Comes fully furnished with all necessary amenities.
• Often located in desirable areas close to attractions and amenities.

Cons

• Can be expensive, especially in popular areas.
• High demand can limit availability, especially during peak seasons.
• Short-term nature may require frequent renewals.
• May not feel as comfortable as a long-term rental.

Cash Home Sale: Sell Your House Faster

What Is a Cash Home Sale?

A cash home sale involves selling your house to a buyer who pays the full amount in cash, without the need for mortgage financing.

How Does a Cash Home Sale Help You Get in Your New House Faster?

Selling your house for cash can speed up the sale process significantly. Without the need for mortgage approval, the transaction can close in a matter of days. This allows you to move into your new home faster and avoid the hassle of temporary housing.

What Are Other Benefits of a Cash Home Sale?

• Cash sales are less likely to fall through compared to financed sales.
• Faster closing process, often within a week.
• Fewer contingencies and less paperwork.
• Allows you to sell your house fast to move and relocate without delays.

Whether you choose a short-term rental, extended-stay hotel, or staying with family, the key is to find a solution that fits your needs and budget.

Get Cash for My Home in Philadelphia, Pennsylvania

If you need to sell your house fast but don’t want the hassle of a traditional home sale, contact Phil Buys Houses. We buy houses as-is. No repairs are needed. Avoid closing costs and realtor commissions. Close in as little as seven days. Call 856-644-7904 to get cash for your home from our local home buyers in Pennsylvania.