Selling + Buying.png

Selling and buying within the same time frame can seem complicated and overwhelming, but it is a very common situation. There are few different options you have:


1. You can put your current home on the market and as soon as you get an offer that works for you, we can go find your new home. This is the simplest of choices, but can put pressure on you to find the right house in a short amount of time.


2. You can find the right home to buy and make an offer contingent on the sale of your existing home. This can seem ideal, but many sellers in this market don't want to accept a contingent offer, so negotiation position is weak. You may also risk losing the new home if something goes wrong with your sale or if your sellers aren't willing to be flexible on time frame.


3. You can sell your current home and move into temporary housing or stay with family/friends if you don't find the right home while your current home is under contract. This gives you the best negotiation position, but can be inconvenient.


4. You can work with a lender to see if you can secure a "bridge loan," which would allow you to buy with convenience and without pressure. However, you wouldn't be able to use your home's equity towards a down payment and may have months with multiple mortgage payments if your home doesn't sell.


5. If you are in a position where you do not need proceeds from a sale to use towards a purchase, you can always wait to list until after you've purchased your new home. You can also look into if keeping your current home as an investment property would be a good financial decision for you!

If you know anyone who may be looking to sell their current home and upgrade, downsize, or just get a change of scenery, please send them my way, I'd be happy to help them understand all their different options!