How to Buy and Sell at the Same Time Mikki Cardoza
How to Buy and Sell at the Same Time
Many sellers are selling to buy a different house, and are confused about the process, which is why we are here to help! We don’t like seeing people having to move twice! Moving is stressful enough.
So How Does This Work?
The best way is to list your sale property first. Some people think that they will wait until they have found their replacement property first, and then list the sale property…but this is risky.
You, as the buyer, will risk losing the contingency purchase to another buyer
Your offer will be weaker if you have a contingency sale where the sale property is not yet listed
However, if you have your sale property already in escrow:
Your offer will be much stronger on the purchase property
You will have more bargaining power
And you don’t have to move twice either… we simply negotiate with the buyers for your sale property that the escrow is contingent on you finding a closing a simultaneous escrow for your replacement property. So again, listing first, getting a buyer for your sale property and then negotiating your replacement property is the best practice for buying and selling at the same time…and it works!
We are here to help make it a smooth transaction for you!