Buying a home before selling your current one is possible, and there are more ways to achieve it than you think.
The transition between homes can be a tricky process to navigate. Today, I want to tell you how you can purchase your next home before leaving your current one.
Right now, we’re in a fast-paced market where listings simply don’t stick around for long. This can be very frustrating, especially if you feel as though you need to sell before you buy.
There are actually a couple of ways you can approach this situation. You may be more capable of buying than you think, even before you sell.
First, we need to see what kind of equity you have in your current home. Do you actually need to sell to buy your next home? Are you comfortable buying a home while just under contract with your own listing, or do you need to actually close with a buyer before you can move?
“Our professionals will collaborate to position you for success, without putting you in jeopardy.”
If you have enough equity, you could qualify for a swing loan. Or, you might be able to purchase your new home with a delayed settlement. This will give you time to get your home on the market prior to your settlement date.
There are many strategies you can employ to buy your home before you sell. However, the worst thing you could do is to move forward without a plan in place. If you do this, you may find yourself at an open house for the home of your dreams, standing in the living room and feeling unprepared and torn about what to do.
This is where my team and I come in. If you are looking to make a transition like what I’ve been describing today, we want to help you figure out a plan.
We’ve got dedicated listing and buying agents who work together to advocate for you on both sides of the transaction. Our professionals will collaborate to position you for success, without putting you in jeopardy. We’ve got lots of different options, and hearing about them is as simple as reaching out to us.
If you’d like to learn more, have any other questions, or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.