Today we want to talk to you about a question we receive all the time: “How can I buy and sell a home at the same time?” There are many steps to this process, but we’ll break them down for you one by one:
- Pre-listing and pre-qualification. Pre-listing is just all the steps we take to prepare your home for the market. These include staging consultations, professional photography, world-class marketing, and everything in between. We want to get your listing in front of as many people as possible. While that’s happening, we recommend you get pre-qualified with a lender for a mortgage loan. You need to be pre-qualified to buy in this market, so the sooner you do it, the better.
- Getting your home on the market and under contract. We want to lock in a deal as soon as possible since you need to have a buyer before you look at homes. That’s because in a competitive market like this one, you should put your best foot forward. If you already have a buyer in place, you can shop from a stronger position.
- Close both transactions on the same day. Sign paperwork to sell your home in the morning, and buy your new house in the afternoon. This way, you’re never in a sort of limbo position between homes.
“We can help you put your best foot forward in a competitive market.”
- Other options. A simultaneous close is the best scenario, but it isn’t always possible in our crazy market. Other options you have include finding temporary housing, negotiating a leaseback, or having an early move-in date. Each choice has its pros and cons, so reach out to us if you’d like to know more.
As always, please call or email us if you have questions about today’s topic or anything else. We look forward to hearing from you!