Here are three tips to help you buy and sell simultaneously in this market.
A lot of clients we’re working with are buyers and sellers simultaneously. The concern in this market is that it’s relatively easy to sell but very difficult to buy due to a lack of inventory. Here are a few tips to help you out:
1. Don’t start looking for a new home until you’re under contract. It’s highly unlikely that a seller will accept a contingent offer, so you’ll need to sell before you buy.
2. Adjust your closing date. Put some language in your selling contract that gives you something like 30 days to close from the time you find a new property.
3. Be prepared to go above and beyond. You're competing against multiple buyers, and they’re making aggressive offers to win. That’s what you’ll have to do as well.
These are my best tips for those of you who need to buy and sell a home at the same time. If you have any questions or want to know how to start the process, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.