Top 5 Easy Tips to Help You Buy and Sell a Home Simultaneously

Top 5 Easy Tips to Help You Buy and Sell a Home Simultaneously

Selling your home to buyers looking for homes for sale in Birdland Pleasanton CA is a serious endeavor. You have to deal with the paperwork, deadlines, statutory obligations and other important aspects. Couple this challenging task with buying a home and you can end up with an overwhelming and stressful experience.

Here are a few things to remember when buying and selling a home at the same time.

Know the market first

Before you open your doors to buyers looking for Birdland Pleasanton homes for sale, make sure you have a clear and solid understanding of the housing market in your area and the area where you are planning to buy. Find out if the market is weighted toward buyers or sellers. Knowing the current condition of the market will help you strategize and prepare for your next course of action. Connect with a professional full time real estate agent to aid you in pricing your home correctly. 

Remember that having your home on the market for several months because your price is too high implies several months of paying two mortgages.

Coordinate closing dates

For a smoother transaction, your closing date on your old home should come before your new home. With the help of your real estate agents, you can make the selling and buying dates line up a little better by preparing for one activity while doing the other. While actively selling your current home, you can prepare to buy a new home as well. Check your options, keep your credit score high, and research loans.

Plan your schedule strategically

Should you buy first then sell or sell first then buy? Both have their risks and advantages. If you decide to sell your home first it will make getting a mortgage easier. However, you will need a temporary place to live in. If you buy first, moving will be relatively hassle free, but it can affect your debt-to-income ratio, making it harder to qualify for a new mortgage. In addition to that, it can be quite difficult to juggle two monthly house payments. Whichever option you choose, make sure that you are ready for the consequences.

Get your finances in order

You need to have your finances in order if you are planning to buy and sell a home at the same time. You need to know whether you can qualify for a mortgage without having to sell your existing home. Although many people are unable to do so, this can be a great advantage if you are able.

Know your game plan

As a homeowner, you need to understand that not having a game plan in place could lead to costly mistakes. You need to determine if you will list your home first prior to looking at homes that are for sale. You also have to decide in advance if you will make any offer received on your home contingent on finding a suitable property for you and your family. Ask yourself if you can afford to purchase a home that would make it worth selling your current home.

You can minimize the stress of buying and selling a home at the same time by doing the right preparations. With the right people on your team, the experience can be as seamless as possible. Check out www.HomeValuesPleasanton.com for more home selling ideas, and for a free market evaluation of your home in Birdland. 

If you are looking for a Pleasanton luxury REALTOR® who can help you sell or buy your dream luxury home, call me, Rhonda Fee, at 925-200-0827. You can also text 925-660-7110 with any of these codes: seller411, buyer411 or homesearch. With my extensive experience and knowledge of the Pleasanton luxury real estate market, combined with a track record of satisfied clients, your next transaction will be the best move you’ve ever made!