Video 1 in a 3 part series. In Episode 1 we discuss the advantages and disadvantages of
1. SELL FIRST, THEN BUY.
Do you want to purchase a new home, but simultaneously need to sell your current house? Does the process of doing both at the same time seem too risky and quite frankly scary because you think you won’t have anywhere to live in the meantime?
Whether you’re a Baby Boomer downsizing to a home to finally retire in, or you’re ready to move up to a larger house, wouldn’t you agree that being a buyer can be tough in today’s market? Although transactions are closing rapidly, there’s no guarantee that your NEW dream home will close at the same time as your OLD dream home, is there? Selling and buying at the same time is a delicate dance, but it is totally doable. There are a few ways to pursue this plan.
In this 3 Part video series: HOW TO SELL & BUY AT THE SAME TIME, we are going to explain the 3 different strategies behind buying another home and selling your current home at the same time and which one applies best for your unique situation.
Strategy #1: SELL FIRST, THEN BUY
The first strategy is to professionally market and sell your house and then, as a highly qualified buyer, purchase and own your next home. This is the strategy of choice by the majority of our clients.
-If a buyer is unclear about what kind of home they want next and need more time to go house shopping, then this could include a double move or temporary rental accommodations. This can be a disruptive experience, right?
-This strategy allows you to get top dollar for your home. You’ll be less tempted to drop the price or to take the first offer that is below asking since there’s no pressure to immediately buy the next home. No one wants to leave money on the table, do they?
-Another advantage is that you know exactly how much you can spend on your new home since your profits are now in the bank, rather than tied up in a property and immediately accessible to use towards down payment. Being fully qualified has its advantages, doesn’t it?
Overall, selling first and then buying may occasionally require you to rent between purchases, it does allow you not only to earn top dollar on your old dream home, but with your cash on hand, makes you a highly qualified buyer for your NEW dream home.
Want to tell us about your experience with selling and buying LEAVE A COMMENT BELOW.
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For more information visit anabellingleton.com
Century 21 King REALTOR
Anabell Ingleton and Claudio Ingleton of The Ingleton Group
Local Area Expert, Neighborhood Specialist
Heritage Village, Village of Heritage
Homes For Sale, New Listing, as seen on Zillow Trulia Homes REALTOR & claudioingleton.com
Claudio Ingleton 909-561-5715
BRE LIC #01893628
Anabell Ingleton 909-685-3094
BRE LIC #01897305
Century 21 King is the biggest real estate office in Rancho Cucamonga, to serve you in buying and selling a home.
Located at: 8338 Day Creek Blvd #101, Rancho Cucamonga Ca 91739