Buying and Selling at the Same Time: What Are Your Options?

Share:

Listens: 0

Josh Heneveld with Premium NW Real Estate Team Podcast

News & Politics


If you are thinking of buying and selling at the same time, consider the following routes before moving forward. Click here for a full home searchClick here for a free home value reportThe process of simultaneously listing one home while also looking for another is something I see many of my clients go through. However, transactions like these can raise some concerns. Many clients I’ve heard from are afraid that if they sell their current home, they may not find a new one quickly enough and will end up temporarily homeless. But, when my team and I work together with our clients, we are in control. The first option is to immediately put one of our buyer’s agents to work after you list. The responsibility of finding your next home then falls on their shoulders. This is an option we are frequently successful with. Very often, in fact, it ends in a simultaneous closing—meaning the sale of your own home closes concurrently with the purchase of your next one. Another option we have is one more focused on preparation. Getting your home ready to sell while you start looking to buy can be a safe way to approach this kind of situation. During this preparatory period, we’ll help you get your listing agreement signed, bring out a stager, and make sure the home is clean and ready.   My team specializes in helping people buy and sell at the same time. This way you can find a home you’re interested in buying first. Once you do, we’ll put your home on the market the very next day. The third and final option works but is the weakest choice in my opinion. For this option, we would find you a home and then put your current property on the market the following week. But the market is strong today. Making an offer on a home contingent on your property’s sale is rarely effective unless your home already has an offer or is going on the market much sooner than the following week. If you still aren’t sure where to get started, we would love to help. This is exactly the sort of thing my team specializes in. We want to help you come up with a strategy for success.If you have any other questions or would like more information, feel free to send me an email or give me a call. I look forward to hearing from you soon.