Buying a new home and selling your current home are both complex and time-consuming processes. So what happens if you want to do them both at the same time? As long as you have the right guidance from an experienced real estate agent, you can sell your home and buy a new one simultaneously. Here are the tips and tricks you need to know.
First, Study Your Local Market
According to Forbes, 2019 is the most important year for housing in 10 years. That’s a bold statement that can work well in your favor! Thanks to population growth and job growth, more people are searching for homes than ever before. This puts you in a great position to sell your current home. Low supply and high demand will allow you demand your full asking price.
On the other hand, this trend could make finding your new dream home more challenging. Start your search early, and don’t hesitate to make an offer.
Make a Schedule
Will you buy first, and then try to sell? Sell first and trust that you can buy quickly? Each plan has its own benefits and drawbacks. The ultimate decision should be based on your finances. If affording a second mortgage, even for a few months, is unrealistic, then work to sell your home first. If your budget isn’t an issue, talk to your real estate agent for guidance.
There are so many variables in play when you buy then sell, or sell then buy, that you have to prepare yourself to accept the hassle of unexpected problems and situations. A closing might be delayed, a title search might discover some unsavory information, or a buyer might back out.
Whatever the problem, it is helpful to have a company like Benefit Title Services, LLC in your corner. Benefit Title Services aims to provide stress-free real estate closings to residents of the Tampa, Florida area. Call them today at (813) 251-1420 to learn more about how they can help you juggle the stresses of buying and selling simultaneously.