Today we go over your options when buying and selling at the same time.
Today we’re going to talk about how to buy and sell at the same time. If you’re thinking about buying and selling simultaneously, there are a few strategies to consider. You can sell before you buy, buy before you sell, or you can do them back-to-back.
The advantage of buying before you sell is that you can move into your new house comfortably and make any alterations prior to moving in. When buying first, it’s important to talk to your lender and make sure you can qualify for two mortgages before you start the process.
If you’re planning on selling before buying because you need the proceeds of the sale to help with the purchase of your new home, make sure you have somewhere to live in the meantime.
The advantage of closing on both homes back-to-back is that you can still use the proceeds from the sale to help with the purchase, but it’s critical that we get everything lined up.
If you have any questions about buying and selling at the same time, don’t hesitate to give us a call or send us an email. We’re happy to help.