How To Buy And Sell A Home At The Same Time

Dated: 03/04/2020

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You’ve decided that your current home isn’t meeting your needs — maybe you want to purchase a bigger place to start a family, or you aspire to upgrade to an abode with green space so your dog can run free — whatever the reason, selling a home and buying a new one at the same time is definitely possible. We’ve outlined a few tools to help you start the process and make your dream home in Placer or Sacramento County a reality. 


Understand the market

Before you hire an agent to see how you’ll orchestrate buying and selling at the same time, you can assess the real estate market to understand what you’ll be up against. The Northern California market is a unique one and that means prices can shift from moment to moment. The Placer County market is currently hot according to Zillow — home values have gone up 3.0% over the past year and Zillow predicts they will rise 3.6% within the next year. In Sacramento County, the market is even hotter — values have gone up 5.2% over the past year and Zillow predicts they will rise 4.9% within the next year. That’s good news for you as a seller, where high prices are combined with low inventory.


Consider buying a new house first

In this seller’s market, you might sell your home quickly, while it may take longer to find your next home, but you can make sure to be ready when you do find it. In this situation, HomeLight’s newest product —its Cash Close tool — may be your ticket to landing your ideal new home by giving you the cash to close on your new home with speed and confidence. After you apply for HomeLight Cash Close you’ll get an offer on your current home, to help you determine how much you can afford to spend on your next one. When you’re ready to close on your new home, the tool will work to buy your current home in cash. You’ll avoid the risk and hassle of buying and selling a home simultaneously. But what about the goal of buying and selling at the same time?


Buy and sell at the same time

When it comes to the logistics of moving, selling your home and buying a new home at the same time is the easiest. To make this happen, there are a few strategies to keep in mind. Using the same agent will make the process more efficient, especially when it comes to coordinating dates. You may even be able to negotiate a small discount on the commission since you will be giving your agent two commissions instead of one. Your agent will also help you to set your target price for your new home, based on what you are expected to receive for the sale of your current one. If you are buying and selling in the same market, or even the same neighborhood, working with a professional who knows the area will be your best bet to price your home to sell. 


With a bit of research to negotiate the timing that fits your needs for your new home and your current one, you’ll be on your way to settling into the house of your dreams while selling your current one.



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Justin Johnson

When you call Justin Johnson you will reach him almost every time. Justin specializes in listing homes for sale often (equity) traditional sales, short sales, foreclosures, probate and divorce sales h....

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