Buying and selling a home at the same time? Here are my thoughts about navigating this process.
Fairly often, I’m asked by clients how it’s possible to sell a house and buy the next one at the same time.
In response, I ask these clients a question myself: “Would you prefer to buy your next home first and only have to move once? Or would you prefer to sell your home first and have monetary security for the next purchase?” Once I get the answer to that question, I know which way my clients are leaning and how to counsel them from there.
You need to be out of your first house before you take ownership of your new house.
It can be tricky, however. Just the other day, we got a same-day closing lined up for a client —which is complex, but feasible—but where it gets complicated is that you need to be out of your first house before you take ownership of your new house. In this situation, you’d need to be granted early occupancy, and there is some liability involved there.
Here at the Trembley Group, we’ve successfully helped buyers through the process, but there are a lot of balls to juggle. If you have any questions about buying and selling a home at the same time, don’t hesitate to reach out to us. We’d be glad to help.
At The Trembley Group, we pride ourselves on being the experts at more than just selling real estate. We are local residents, some of us have been here for a lifetime. The rest of us will be here until the end of time. We love living, working, and playing in the diverse backyard of Coastal Carolina, and look forward to helping you live and love your dreams soon too. Please reach out to us by phone or email for personalized service and one-on-one advice.