5 Strategies When Buying And Selling At The Same Time

It can be overwhelming to buy or sell a home, regardless of which you are intending to do. What is even more intimidating, however, is when you engage in buying and selling at the same time. It is important to know certain tips and a great process when embarking on this endeavor to avoid expensive financial responsibilities, such as a double mortgage. One of the most essential tips that you should follow when buying and selling at the same time though is to always sell before you buy. From there, the other tips that are found below will flow in your home buying and selling process.

1. Make a Schedule

The first tip that you should follow is to make a schedule and try to stick with it. Talk with a real estate agent in Midwest City at the Willard Group to get a basic timeline based on current trends in the market. You should also think of when you would like to be in a new home and when you would like your home to sell. Then, be realistic about how long the home buying and selling processes take, considering any gaps between buying and selling.

2. Get Your Home Ready for the Market First

As mentioned previously, it is important to put your home on the market before beginning the buying process. Make sure that you speak to one of our real estate agents who specializes in the greater Midwest City area. Ensure your home is staged to appeal to customers in a warm and inviting way. You should have a home inspector come through your home as well to ensure it will sell as quickly as possible. Finally, make sure you develop a fair price point, working with your real estate agent’s analysis of the value of your home.

3. Start the Selling Process Next

Once your home is ready to be sold, your real estate agent will begin putting your home on market lists. This is when you can seriously begin looking for homes that you are interested in buying, putting offers in. You will be sure to receive offers on your home quickly, especially if you followed the steps listed in the previous tip. Make sure you are meeting your timeline as well to ensure your home will be ready for the new owners on the closing date and so that you will be ready for your new home on its closing date.

4. Figure Out Temporary Plans

More than likely, the closing date of selling your home and buying your new home will not align exactly correctly. If you sell your home first, you will have to find a temporary location to stay. Make sure that you have these temporary plans made before the closing dates to relieve some of your stress and to ensure you are ready for every moment. Ask friends and family members if you can make arrangements with them, otherwise, look for a temporary rental or hotel.

5. Ensure You are Ready for the Purchase of Your New Home

Finally, you need to make sure you have everything aligned for the purchase of your new home. Work with your agent to submit an appropriate offer and make sure at least some of your wish list is met. If the previous owners did not do so, request a home inspection to make sure this house is suitable for you and your family. Finally, make sure you have all of the paperwork in order for mortgage documentation and for your closing to go as smoothly as possible.

Contact Us

When you are ready to buy and sell at the same time, contact our professional real estate agents at The Willard Group. A real estate agent in Midwest City will be sure to meet your needs and be with you every step of the way when working with us. Make sure you follow the steps above so that you do not become overwhelmed and to ensure you are ready for every step of the process. We are here to help you every step of the way as well as we are just a phone call away.