How to juggle 2 real estate transactions
July 28, 2017 | Margaret Snow

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How do you buy and sell a home at the same time? We have a few tips to help you successfully juggle both transactions.

Do you buy your next home first, or do you put your current home on the market? Some people may want to sell their current home, but only if there is something better available on the market.

No matter your situation, there are a few things you need to do when buying and selling at the same time.

First of all, make sure that you’re working with a professional Realtor. You should work with someone who helps homeowners buy and sell at the same time on a regular basis.

Secondly, your contract needs to be set up properly from the start. If there is a mistake at the beginning, you won’t be successful in the end. When that happens, you may be left without a home for a couple days or fail to close on the new house.

"A REAL ESTATE TEAM WILL BE ABLE TO MONITOR YOUR TRANSACTIONS BETTER."

Finally, make sure that you work with a real estate team, not just an individual Realtor. When you work with a team, there is a dedicated person to monitor both of your transactions. They will keep track of everything involving the title company, the lender, and the seller’s agent. We have a specialized team that puts these deals together on a regular basis so there won’t be any gaps while you move in and out of properties.

Keep in mind that in some markets it’s better to put your home on the market before finding a new one, while in other markets you should find your next home before listing your current one.

If you have any questions about this process, just give us a call or send us an email. We would be happy to find a plan that works best for you.
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