If you’re looking to buy a new home but you also have a home you need to sell, you have three options in which to proceed.
First, you can buy a new home before selling your current one. This option requires the most out-of-pocket cash since you are owning two homes at once, but it is also the most convenient. You also get the chance to lock down the perfect home.
Second, you can sell your current home before buying the new one. This option is less risky, but it’s also less convenient. With this option, you will have an accelerated timeline to find and close on your next home, but it could result in you losing out on your dream home.
Third, you can do a back-to-back close. This is where you close both transactions on the same day, within the same hour. There are a lot of variables involved with this option, though, so you should discuss it with your agent before deciding to try it.
If you have any questions about any of these options or are thinking of buying or selling a home soon, please feel free to reach out to me. I would be happy to help you.