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How to Sell and Buy a Home at the Same Time

By
Real Estate Agent with Bedard Realty MA:9044461 RI: 0029015

 

How to Sell and Buy a Home at the Same Time

 

 

Trying to buy and sell a home at the same time can be a challenge. The reason this can be difficult is because there is no guarantee that your new home will close at the same time as your old home. However, selling and buying a home at the same time is possible but you will need help. Here are a few tips on how to get into your home while closing on your own home:

 

1. Hire a real estate professional. This is almost an impossible task without having a seasoned professional by your side. There are lots of details that go into selling and buying and an experienced real estate professional will know just what to do to get you to both closing tables.

 

2. Sell first, and then buy. This is probably the easiest and safest plan. List your home for sale and secure a buyer. You can either close on your home before purchasing another one, or ask the buyer for a contingency to allow you time to find a new home before closing on the previous one. There are many advantages to selling first, it allows you to know how much you can spend on a new home, and you dont have to worry about temporary financing.

 

3. Try to schedule the closing date on the purchase of your new home on the same day, but after the closing on the home you are selling. This way, you can stay in your present home until you move into your new one.

 

The bottom line is, when it comes to selling and buying a home it is wise to utilize the expertise of a real estate professional. Your plans may change depending on your circumstances and your local market.

 

 

 

Find out what your home is worth.

 

Posted by
Jim Sinnott
Realtor
Graduate of Real Estate Institute,GRI

Bedard Realty
500 East Washington Street
North Attleboro, MA02760
cell: 508-944-1274
office 508-699-5588
 
 
 
 
 
 
 
 
 Licensed in MA and RI
 
"Get the Service You Deserve."
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Specialist - Agent

I just did this for a client.  I don't think they realized that the deal I worked out for them on both ends means that I am unicorn.

Sep 20, 2014 10:12 PM
Laura Sellers
Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com - Auburn, AL
www.AuburnOpelikaALRealEstate.com

Juggling selling and buying a home at the same time does require LOTS of attention to detail and I agree with you Jim when you say that it is best to work with a Real Estate professional when attempting this feat. 

Sep 20, 2014 11:44 PM