Buying and selling at the same time is a tough juggling act. Here’s how we recommend you handle it.
Looking to buy a home? Click here to search the MLS
Looking to sell a home? Click here to get a home value report
This is a question that comes up a lot and a situation that may very well occur. There are a few things we can do in this situation.
The first option is asking the new buyers if you can lease the home back for a short period of time, maybe 30 days, so you can have time to search for another property. Other options including finding a short-term rental or expanding your search area a bit to find more properties.
When you make an offer to a seller and the purchase is contingent upon you selling your property or closing on the property, it reduces your buying power. Any time there is a contingency, your buying power is reduced. That’s why timing is so important.
I’ve had a lot of experience working with sellers who are in this type of situation and timing is everything. We need to be strategic about preparing the home for sale and getting it ready to go. Then we can take a look and see what properties are on the market so that when we receive an offer on the home, we can go straight out and write an offer on the new home.
If you have any questions for me or I can assist you in any way, don’t hesitate to give us a call or send us an email. We look forward to hearing from you.