Here are five options if you want to buy and sell simultaneously.
Many people want to buy and sell a home at the same time. In the current real estate market, sellers are getting more than one offer, and houses are selling quickly. If a buyer has a property to sell, their offers are less attractive to sellers. Most people, especially families with kids, don’t want to move twice—they want to buy and sell simultaneously. The first thing I say to my clients is that if you have the vision and motivation, we can make it happen.
If you want to both buy and sell, you have a few options:
1. Buy the new home with cash, if you have enough.
2. Borrow against the equity in your current home with a bridge loan or home equity line of credit.
3. Sell your current property first and find temporary housing.
“If you have the vision and motivation, we can make it happen.”
4. Sell first, then negotiate a rent-back with the buyer, which allows you to pay rent to the buyer to continue living in your home for a short period.
5. Use our Raveis Purchase Program. We’re thrilled about our new Raveis Purchase Program because it allows homeowners to use their home’s equity to make a confident, noncontingent offer on their next house.
In 2020, about half of my transactions were with clients who wanted to buy and sell; I can help you make it happen too.
If you’re interested in both buying and selling or have any questions, please contact me via phone or email. I would love to help you.
