Buying And Selling At The Same time!

By
Real Estate Agent with Innovative Realty Solutions Group BK3158345

Selling and buying is confusing enough. If you are going to buy and sell simultaneously, be sure to preapprove for your purchase before proceeding to

To get preapproved, gather all documents needed for your new loan. You will need two years tax returns, two months bank statements, all pages, investment account information, paperwork of sourcing income like child support/alimony paperwork (if paying or receiving), pension income and more.

It is very important and will be less stressful if you do this up front. That will tell you what you need to sell your house for in order to make a purchase. Then be sure there are properties that meet your needs in that price point.

If you decide to move forward, prepare your home for the sale!  Declutter, pack away what is not needed, clean, fix, and make the home as good as can be for a sale that meets your needs.

Always work with good mortgage and real estate professionals to be sure you can accomplish your goals in the shortest amount of time.

If you can't find your dream home after getting under contract with your current home, be prepared to move to temporary living quarters. Have a plan in advance.

Selling and buying at the same time is stressful enough. Get on top of your game to make it a little easier.

 

 

Comments (6)

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Good Advice here. In our system we will see a notation in the remarks that sale is subject to seller finding suitable housing, especially if they are staying local. Having a plan and even looking while getting the home ready to sell is a good tact.

 

Oct 11, 2023 08:24 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Dee and thank you for the great information in your blog to share with us.  Hope you are having a great day!

Oct 11, 2023 10:58 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dee, this is the first thing I bring up with a Seller.  Last thing you want to hear is after your primary property is pending, you have issues with your credit and cannot buy!

Oct 11, 2023 11:42 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a follower. I would love the follow back. Also, then we both get 50 points. Bill

Oct 11, 2023 12:26 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Dee Toohey even under the best of situations, buying and selling at the same time is tricky, and in this strong sellers market it is even trickier.

Oct 11, 2023 03:33 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
Oct 16, 2023 03:02 AM