How to Buy and Sell at the Same Time
Buying a new home while selling your current one is a difficult thing to do. Luckily, we have some tips that will help.
How do you make an offer on a property when you haven’t sold your home yet?
This is a question many people have, especially in today’s real estate market. The task may seem daunting. However, there a few things you can do to make balancing the work of buying and selling simultaneously easier.
One of the first options I offer to people who are trying to buy and sell at the same time is to submit an offer that is contingent on the sale of your current home.
In my experience, the downside to this is that the seller will oftentimes reject this kind of offer. In today’s market, sellers may be unlikely to hinge the sale on circumstances beyond their control.
If this is the case, there are two things that most often happen. Either the seller will ask you to drop the contingency or will ask to sell their home first.
The second option to try if you are buying and selling concurrently is to list the home you are selling at a price that is geared toward a quick sale.
We will buy your home in the event that it doesn’t sell within a specific period of time
Pricing your property correctly is one of the best ways to move it off the market as fast as possible and get you a contract as soon as possible. If this happens, then you may submit your offer contingent on closing the current home. In this case, the seller is more likely to accept the contingency than they might be in the option we discussed previously.
Finally, the third option is to use a guaranteed sale or trade-in program. In this option, we will buy your home in the event that it doesn’t sell within a specific period of time, at a certain price point, so that you can submit your offer on the home you want.
To learn more or if you have any other questions, give us a call or send us an email. We look forward to hearing from you.