Don’t Risk Homelessness: Find Solutions for Selling and Buying Simultaneously

Four options you can take to sell your home and buy a new one.

Should you sell your home before you buy a new one? Inventory remains tight, and many sellers are worried they might end up homeless if they list now. To help you make a successful real estate move, I’m sharing a few options you can take:

1. Buy your next home before selling your current one. To do that, you have to be able to afford two payments and have a down payment. This option may not be possible for everyone, but if you do, it's the easiest and best way. You don't have to go through showings, inspections, or open houses. I can take care of all of that for you, and stay out of the way.

2. Move twice. It’s not convenient, but it is a legitimate option. You can go to a short-term rental or live with family, and get the hassle of moving twice. We can put your things in permanent storage and then move them from storage to your new home at the other end. We can make it a little bit easier, but it's still not fun.

“If you want to buy and sell at the same time, we’re going to find the best solution for you.”

3. Unlock the majority of your equity. This relatively new option involves institutions allowing people to unlock the majority of their equity on their current home to buy the second home, so that you get to move twice, even if you don't have a down payment ahead of time for the second home. It's not for everybody, but it can be convenient.

4. Make a contingent offer. This option can be hard to succeed with. However, we recently helped a homeowner buy another home contingent and get their home sold in time so that they can move from one to the other. 

If you want to buy and sell at the same time, trust that we’re going to find the best solution for you. If you'd like to talk about it, call or email me. I’m always happy to help.