Buying and Selling – At the Same Time! Top 5 Tips
It happens often, but how do buyers and sellers really navigate this challenge? In this post, our expert REALTORS® offer very valuable tips to make this process smooth and successful.
Have a ‘Plan B’. If that means a short term arrangement in a rental or staying with family, have an alternative. Remember your first goal – sell this house!
Be prepared to make a quick decision. With lower inventory in the area, if you do come across your dream home you have to act fast because it might not be on the market long.
Work with a REALTOR® on a conditional ‘acceptance of offer’ agreement that stipulates that the seller can have time to find suitable housing or make arrangements if the buyer is willing to provide that time.
Sellers should pre-inspect their homes to avoid second negotiations on the inspections and a potential delay in closing times.
Consider using a POD or a similar storage option to keep specific items in one place during the process and avoid packing and unpacking multiples times.
It might seem like a daunting task, but REALTORS® have a lot of experience working with simultaneous buyers and sellers. Reach out and ask questions, so they can help you make the process as smooth as possible!
Contributors: Lyn Wuethrich, Kathy Hall and Clay Bowden