Timing the Sale of Your Home And Buying a New One?

How do you time the sale of your home and the purchase of another one?
This is one of the most common questions I get, and one of the biggest issues I help clients with.

Ideally, most people would like to do things in this order:
Find a house to purchase
Make an offer
Sell the house they already own… when they find and get the house they want.

But, most clients need to sell the house they already own, in order to be able to buy another home.

There are certainly a lot of factors and options to consider. There is no one-size-fits-all solution but there are options.
A few different types of contingencies are:

1- your is home not listed.

2- home is listed but not under contract

3- home is under contract but not yet closed.

With the first, your home is not listed, The seller will want your home on the market, typically in about a week. And the seller will want a deadline when you will have your home under contract.

If you write a contingent offer with your home already under contract, this is less riskier for the the seller so you have a better chance at getting this type of contingency accepted by the seller. And it helps even more if you are through inspection period and appraisal.

We can close both homes on the same day with your current home closing in the morning and your new home closing in the afternoon.

We have closed a ton of contingent sales over the years. Although it may seem complicated with a lot of moving parts, working with an experienced real estate agent will help this all fall into place.

If you are even remotely thinking about buying a house in the next couple of years, we should chat now about how we can time the sale of the home you own, with the purchase of another one.
It doesn’t just happen easily. But it can be done fairly easily…if we plan ahead.
Give me a call so we can assess the best way to go about selling and buying with a contingent offer.

Amanda Pinkerton
480-235-1377