Simultaneously Buying and Selling a Home!
You know it is the right time to sell because your home no longer meets the needs of your family 😍… but you can’t buy your next home because you have to sell your home first 😭… AND typically need your home under contract before you can get an offer accepted on another.
Our Spring selling season has been HOT! You might have seen a home come on the market that made you want to buy. Believe me we know. We LOVE our home but there have been a few recently that got us thinking too!
We have advised many through the process so let us Make Difficult Easy. Some potential solutions include: 1. Seller Possession After Closing Agreement. This gives you time to get your next home under contract 👊 This is the MOST COMMON solution our sellers use. 2. You might consider building a home from scratch. Most builders will allow you to go under contract, and give you a few months to sell your current home. 3. Got equity in your current home. Use a home equity line of credit on your existing home to buy the next. Then sell your home afterwards. 4. You might qualify for a bridge loan (again depending on how much equity you have in your current home). These have higher fees, so the goal is to pay it off immediately once your home sells. 5. Request an Extended Closing
Until next Friday, P.S. Thinking of selling? Buyers (like you) are nervous and picky in this market. So get yourself a realtor who can help you prepare, market, and present your home. Now more than ever, your place needs to look dynamite! |
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