Home Selling • 2 min read

The Practical Guide to Buy & Sell a Home at the Same Time

Fierce & Associates

If you’re looking for a new home, you’re probably wondering what the best way to go about it is. After all, you don’t want to end up with two homes simultaneously, and you also don’t want to end up homeless either. In this guide, we’ll discuss the best ways to make your home buying process seamless and smooth. 

Confirm that What You Want Exists

Though buying a new home sounds exciting from the get-go, you want to consider the possibility that what you’re looking for is really out there. Before diving into the home buying process, do your research and compare prices to see if your dream home is within your budget.

Avoid Ending Up with Two Houses

Once you’ve confirmed that there are homes in the market that match your needs and budget, you’ll want to avoid owning two homes at the same time. You can do this by going one of three routes.

Move Temporarily

The first route involves selling your current home first and then moving somewhere else momentarily. Though this option involves moving twice, it allows you to take the home hunting process slowly to make sure you find the best fit.

Put Your House on Sale

The second route involves putting your house on sale and simultaneously searching for your new home. However, you could run into an offer on your current home before you locate your new one. 

To avoid the hassle of moving two times, you have two options. One, you can offer your buyer a lengthy closing process where they grant you a few months to close the deal. Or two, you can go with a lease-back where you lease your home from the buyer while you’re in the process of looking for a new one. 

Offer a Long Close to the Seller

The third and final route considers the possibility of you finding your new home before you have the chance to sell your current one. If this is the case, you can tell the seller that you’d like more time to sell your current home and request a long close. In some cases, you could even make the purchase dependent on the sale of your home.

Work with a Top Real Estate Agent

The best way to sell your home quickly and locate your dream home without so much hassle is to partner with a real estate agent who knows the market. We’ll work with you to negotiate the best deal on your home and guide you through the ins and outs of the buying process.

If you’d like to get started on this amazing journey, don’t hesitate to give us a call.