Home > Finance > Tips for Buying or Selling at the Same Time

Tips for Buying or Selling at the Same Time

When you are buying a property while selling a property your real estate agent is more important than ever. A qualified and competent agent should be able to give you an accurate estimation of the price your current property may trade for, which is crucial if the sale of the property is contingent on the purchase of another.

Follow the same basic rules when selling your home: get organized by disposing or donating unused items, stage your property, and pack anything you don’t need on a daily basis in preparation for a move.

Get a home inspection and make any necessary repairs for your potential buyers and a pre-approval letter to give to sellers of a property you may be interested in. Any proactive and preventative steps you complete will expedite both the home selling and buying process.

When listing your home be realistic with potential offers and ask for a closing date that fits your schedule.

Perhaps, if the property you are purchasing is contingent on the sale of your current property, you can ask your buyers for an early closing date. If you have yet to find a property to purchase, you may ask for a later closing date so you won’t have to rent in the interim.

No matter what your circumstances are, organization, pre-planning, in-depth knowledge of your finances, coupled with a skilled and experienced real estate professional, are vital aspects to the process.

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Categories: Finance
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