Two House Tango

The delicate dance of relocating in today's housing market presents a unique set of challenges for homeowners. In this eye-opening conversation, Jesse Poll welcomes Chantry Abbott from Guild Mortgage to break down what they've coined "the two home tango" – the often complicated process of selling one home while purchasing another.

Drawing from his recent personal experience, Chantry candidly shares how even as a mortgage professional, he faced the reality gap between appraised value and market value when selling his own home. Despite having a professional appraisal supporting a higher price point, market forces ultimately determined his selling price at about 10-11% below peak 2022 values – a pattern consistent across today's housing landscape.

The hosts tackle the psychological hurdle many sellers face: mentally banking on equity that reflects past peak prices rather than current reality. This disconnect creates the most common reason for real estate transaction failures today – homeowners making purchasing decisions based on best-case selling scenarios that don't materialize.

But this isn't just a problem discussion. The conversation delivers practical solutions by outlining seven distinct strategies homeowners can employ when relocating, including: keeping your current home as a rental (with important tax considerations), writing contingent offers (with negotiating limitations), selling before buying (with contractual protections), qualifying for both mortgages simultaneously, utilizing various bridge loan options to access equity without carrying multiple payments, and exploring cash-backed offers.

Whether you're actively planning a move or simply wanting to understand today's housing market dynamics, this episode provides invaluable insights from professionals who've both studied and personally navigated these challenges. Listen now to ensure your next real estate transition is a graceful dance rather than a stumbling misstep.

Have other questions about living in, moving to, or visiting St. George and Southern Utah? Just ask! 

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🌟 Who? Jeremy Larkin was born and raised in St. George, Utah and is the owner of The Larkin Group Real Estate Advisors.

📍 Where? Washington and Iron County, Utah, including, but not limited to St. George, Washington City, Ivins, Santa Clara, Hurricane, LaVerkin, Toquerville, Cedar City and Parowan. 

💈  What?  Jeremy and his team of expert advisors at The Larkin Group walk the best clients in the world through the brain surgery of Buying, Selling and Investing Southern Utah Real Estate! And perhaps more importantly, they LOVE this community and pouring their heart and soul into it!

📻  Tune in! Jeremy is the host of The "St. George Real Estate Morning" Drive radio show 94.9 FM / 890 AM. You can stream the weekly program Thursdays at 8:35 AM here: https://tinyurl.com/radiorealestate   

🙏 Give: The St. George Basket Brigade feeds 200+ families every Thanksgiving and supports local families, students and schools through organizations like Tan's Treats. Learn more and give at http://stgeorgebasketbrigade.org/

🔍  SEARCH ALL HOMES AND LAND in Washington County https://www.gostgeorge.com/
 🔗 CHECK YOUR CURRENT HOME EQUITY @ https://www.gostgeorge.com/homevalue