Buying and selling at the same time isn’t impossible. It’s a tough juggling act, but one we’ve completed successfully many times before.
Is it possible to buy and sell a home at the same time? It is, but the situation can turn into a nightmare if you aren’t very careful with how you approach it.
The first thing you need to do is make sure you’re working with a real estate professional. You want to hire a group of people that are reliable and can get the job done. When you work with our team, whether it’s with our agent or one of our trusted vendors, we will ensure that everyone can deliver on their promises. We have relationships with everyone we work with and can trust them in crunch time if need be.
Structuring the deal correctly is also very important. You don’t want to be too anxious or aggressive with your offers and not leave yourself enough time to get your own home sold. We can help you understand what an acceptable time frame would be on both sides of the sale.
Nobody wants to pay two mortgages at once or end up homeless.
Another thing that’s important for both of us to understand is your tolerance for the uncomfortable. Are you the kind of person who would be fine with having to rent a home for a few weeks between sales, or would you prefer a more streamlined process? Each individual case is different, but once we find what your tolerance is we can give you sound advice along the way so you don’t end up in a situation where you are paying two mortgages at once or have no place to live.
If you have any questions for us about this process or you need help juggling the two yourself, give us a call or send us an email. We’re always here to help.