Let’s plan before this is a problem you run into…
How do you time the sale of your home and the purchase of another one?
This is one of the most common questions we get in the current low-inventory environment, and one of the biggest issues we help our clients deal with.
Ideally, most people would like to do things in this order:
- Find a house to purchase
- Make an offer
- Sell the house they already own… when and if they find and get the house they want.
That is ideal…
But, it is not realistic for most clients to do. Most people need to sell the house they already own, in order to be able to buy another home.
- Most home-sellers (or their agents) will not accept an offer contingent upon the sale of your home.
- Finding and getting “bridge” loans (and other creative financing) is not as easy or common as it once was.
There are certainly a lot of factors and options to consider. There is no one-size-fits-all solution that I can suggest in one blog post.
We just wanted you to start thinking about it if selling is in your near future.
If you are even remotely thinking about buying a house in the next couple of years, we should chat now about how we can time the sale of the home you own, with the purchase of another one.
It doesn’t just happen easily. But it can be done fairly easily…if we plan ahead of the moment we find the perfect house for you to purchase.
So, send us a text or give a call at 916.941.6566 so we can assess the best way to go about it, come up with a game plan, and be ready to put it in motion once you are ready to move forward!