How to Buy and Sell Simultaneously
Here’s our advice for dealing with two real estate transactions at once.
So you’re ready to go shopping for a new home, but you need to sell your current home as well. You have two options: You can either list your home and request that the new buyer give you a rent-back, or you can start shopping now and wait to list until you’ve found your new home.
The first option has limitations because, while it may work in some cases where the seller’s timeline is more flexible, most sellers prefer a buyer with more certainty.
Listing first allows you to start shopping and become more familiar with the market while working on getting your home under contract. This option looks much stronger to a seller, and listing first will better prepare you to make a stronger offer. You’ll be one step closer to fulfilling your contingency. Every seller and buyer comes into a transaction with a unique set of needs.
If you’re in a similar situation or have any real estate questions in general, don’t hesitate to reach out via phone or email today. We would love to hear from you.