5 Steps for Buying and Selling at the SameTime
If you are a homeowner, the thought of buying a new home can be daunting. Maybe you want to sell your house first and live in limbo while looking for another house, or buy a new house now and pay off two mortgages until you can sell your previous house?
But the question is, can it be fully timed and done both at the same time? In this post, we will discuss how to sell and buy at the same time.
To do these two huge tasks, it's better to follow these steps:
1. Make an ideal schedule
It is best to consult with an experienced real estate agent first to help you understand the challenges and benefits of buying and selling a home in the current market and make the schedule well.
2. Get ready to list and buying your home
You should hire a Home Inspector for anything that may need to be fixed before listing it on the market Furthermore Get a professional to stage your home And finally, offer the right price for your home.
3. Selling a home
After preparing the house, have your agent plan to display it. With the help of your agent, you can negotiate a contract that is in your best interest and your schedule through offers and negotiations.
4.Think about the distance between Selling and Buying
To solve this problem, there are many solutions such as Rent-Back Agreement that the buyer allows you to stay in your home for a limited time or Contract Contingency, which means your purchase is conditional (or dependent) on the sale of your current home, etc.
5. Buying your new home
You are now ready to buy your new home. You can use a buying agent or work with the same real estate agent with whom you sold your home.