Selling and Buying a Home at the Same Time

Unless you’re a first-time buyer, moving to a new place usually means you’ll need to do two separate real estate transactions – buying and selling a home. On their own, each of these processes can be a lot to take on, and when you have to do both at the same time, things can get overwhelming in a hurry.

Thankfully, with the right planning and preparation, you can make it through the buying and selling processes with ease. In this article, I’ll provide a few pointers to help you do exactly that!

Buying Vs. Selling – Which Comes First?

Can you really sell and buy a house at the same time? A more accurate way to describe it would be to say that you’ll be selling and buying a home back-to-back, which can feel like a singular process when it happens fast.

That said, timing plays a big role in buying and selling a home, and you’ll need to choose which transaction you want to start with. While it may seem like a relatively small decision, picking whether you buy or sell first has major implications.

Let’s say you find the perfect home and your offer is accepted. That’s great, but what happens if you run into delays or setbacks with your sale? Suddenly, you’re managing two separate mortgages, which can lead to financial strain and all kinds of headaches. On the other hand, sellers may occasionally have a hard time finding a new property that suits their tastes after they’ve already closed their sale.

Fortunately, there are strategies that can help you avoid these kinds of dilemmas.

Looking for more home-selling advice? Explore these related blogs next!

Know What You’re Looking For

Once you start house hunting, you’ll have a lot of options to consider. If you haven’t sat down and thought about what you actually need from your new place, this could take a lot longer than it needs to.

An easy way to do this is by writing out a list of your needs and must-haves in advance. Using this list as your starting point, your real estate agent can refine your search to help you find the perfect home faster.

Know Your Budget

While you’ll want to have a solid idea of what you want from your next home, it’s equally as important to know what you can afford to spend on it. A great way to do this is by applying for a mortgage pre-approval. During this process, a lender will closely analyze your financial circumstances and decide how much they’re willing to lend you for your home purchase. Having this information in your back pocket is a great way to ensure you don’t overspend or waste time looking at properties that are out of your price range.

Hoping to make the most of your upcoming home purchase? Explore these related blogs to become an informed buyer.

Choose The Right Realtor

Both buying and selling a home come with important decisions. However, no choice is more critical than the real estate agent you choose to work with. As an industry professional, your Realtor will have a major impact on what you’re able to accomplish in the market.

During your home sale, they’ll help you present and price your home to maximize interest from potential buyers. When it’s time to start house hunting, it’s their job to match you with the right properties based on your needs and budget. At both parts of your move, your agent will be a critical advocate during the negotiation process – getting the deal done while prioritizing your interests.

Want to know more about maximizing the market value of your Denver home? Click here for advice about leveraging home equity.

Buying or Selling in the Denver Metro? We can help!

Whether you’re looking to buy a home, sell one, or do both, you’ll want to work with a top Denver Metro real estate agent with years of experience. That’s where we come in.

As lifelong Colorado locals, we know the Denver Metro’s unique communities inside and out. Our market knowledge can help you get the home you’ve always wanted at the best value for your budget.

Beyond buying, we can also help you get a great result during your sale. When it comes to selling for top dollar, our team has an unbeatable track record – setting records for price per square foot in many Denver Metro Area neighborhoods!