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SELL BEFORE YOU BUY

4.1 When to Buy – When to Sell

This depends on a number of factors, such as: your tolerance for risk, your finances, and the saleability of your current home. Fortunately there are many solutions. Unless you have considerable financial resources, though, it could be risky to put an offer on a new home before your first home sells — unless you have decided to rent your home. In fact, you might lose your chance to buy your new home if you cannot sell your first home in time or if you do not get the sales price you expected. You might have to make payments on both homes until the first home sells.

4.2 Selling a Home Could Take Time

It might take longer than you expect to sell your first home. It can take several weeks just to get a home listed for sale. It might take another a few days or a few months to find the right qualified buyer. Then depending on the lending market and the results of the home inspections it might take another two to four months for you and the buyer to close the transaction. Remember: Sellers don’t want to wait for you to get your home sold! Sellers do prefer to know you have closed the home inspection contingency and received the mortgage commitment from your buyer.

4.3 Expert Advice Will Help Negotiations

Our job is to get you into the strongest negotiating position possible. Take advantage of our experience when we share with you sellers prefer buyers who make a “strong” purchase offer. Sellers will choose qualified buyers who are ready to close the transaction smoothly and easily, over buyers who are less prepared. If you are serious about buying, let us help you prepare so you can make the strongest offer possible.

4.4 Worried Where You Will Live?

This is a common concern when juggling a purchase with a sale. We have many ideas to help you. For example, a use and occupancy agreement can be negotiated so you can rent your first home back from the buyer for a few weeks while you complete purchasing your new home. Along with your attorney, we can help you find the most convenient and affordable solution to minimize the moving impact on your lifestyle.

4.5 REALTORS Are Valuable Assets

REALTORS know the market and can help you prepare your home for sale. We have useful suggestions to help your home look its best. We can help you budget for clean-up and any repairs that may help the home sell easily. We can refer you to vendors and help you decide if any inspections need to be completed prior to listing your home for sale. We know how to price homes appropriately so your home will not be overpriced and linger on the market without receiving offers. Listen to our recommendations. They always go the extra mile to keep both your purchase and your sale transactions going smoothly.

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Go to Step 5: Shop For a Home
Go back to Step 3: Choose a REALTOR