How do you juggle the timelines of selling your current house and buying a new one at the same time? These tricks will keep the process smooth and seamless.
Many homeowners struggle with bridging the gap when buying and selling a home at the same time. It can be difficult to juggle the timelines required to sell you current house and find a new one without having to carry two mortgages or needing to find temporary housing.
Start the process by talking to an expert real estate adviser whose job it is to counsel you and help you navigate the process. Thanks to lots of prior experience, they can help make the process easy for you.
Before you even list your current house on the market, get pre-approved and underwritten for financing so you can be sure you’re ready to buy your next house. This makes the whole process so much easier when you get an offer on our current home. In today’s market, you can get pre-approved pretty quickly, too.
After that, you’ll need to consider whether you’ll have a contingency. In North Carolina, due diligence can go a long way in ensuring you don’t need a contingency in your offer to buy a home. You’ll also need a plan for closing day and/or moving day. On moving day, your house needs to be free and clear, so you need to plan for a couple days with your items either in a truck or in some kind of pod storage.
“Getting pre-approved for financing will speed up the process of buying your next home.”
On the day of closing, you typically want the same attorney to close both the sale of your current home and the purchase of your next home so the money is all in one place. This can be one of the biggest hiccups that can occur when buying and selling a house at the same time.
There are plenty of other tips and secrets for buying and selling a home at the same time, and I’d be more than happy to share them with you or answer any other questions you have about real estate here in the Charlotte area. Just give me a call or send me an email soon. I’d love to help you out!