Expert Tips for Buying and Selling at the Same Time: Navigating the Real Estate Market with Confidence
Posted by Miriah Zuniga on Wednesday, March 15, 2023 at 11:56:07 AM By Miriah Zuniga / March 15, 2023 Comment
I'm going to be honest.... Buying and selling a home at the same time can be a daunting task for everyone involved!
However, with some careful planning and execution, you can make the process smoother and achieve a successful outcome.
Here are some tips to help you buy and sell at the same time that I go over with my clients.
✅Get your finances in order: Before you start looking for a new home or putting your current home on the market, it's important to get your finances in order. This means assessing your current financial situation, getting pre-approved for a mortgage (if necessary), and setting a realistic budget for your new home.
✨We start out by running numbers in a detailed custom market analysis on your home in the current market. We get a ballpark take home for you on that price and during that time we are connecting you with our preferred agent for approval of finances. We want to make sure numbers workout for the goal you are trying to accomplish! Approval wise, monthly payment, etc.
✅Timing is key: One of the biggest challenges of buying and selling at the same time is timing. You want to make sure that you don't end up homeless or owning two homes at once.
✨To avoid this, we try to line up the sale of your current home with the purchase of your new one. This may require some flexibility in your moving schedule or negotiating with buyers and sellers. However we have a great record of making it a smooth process with our marketing plan on your current home and negotiations with the agent on your new one!
✅Consider a contingency offer: If you're buying a new home before selling your current one, consider making a contingency offer. This means that your offer to buy the new home is contingent upon the sale of your current home. This can help alleviate some of the financial risk of owning two homes at once.
✨This is something we do constantly as most of our sellers are planning to use their proceeds from the sale of their home - into their new one. We know how to negotiate and have it work in the favor for both the buyer and the seller. Our marketing plan is pretty fierce and gets the job done 🥳
✅Be flexible: Finally, it's important to be flexible throughout the buying and selling process. There may be unexpected delays or complications, and it's important to remain patient and adaptable.
✨Remember that the end goal is to successfully buy and sell at the same time, and with the right approach, attitude and agent [ME!] you can achieve that goal!
If you're thinking of making a move and need to sale first - I hope these tips can help you during the journey! ✨🥳
And if you're looking for an agent with experience in getting the job done - Give me a call. I'd love to help you as we have helped many others do the same.
📞 (903) 467-5243
Miriah Zuniga, The Texas Living Realty Group - eXp Realty
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