Selling & Buying @ the same time


HOW TO BUY AND SELL SIMULTANEOUSLY PROBLEMS FREE


Are you thinking about buying and selling a home at the same time? It definitely is not easy task, but it’s doable, and most importantly you can do it yourself. The following tips will help you buy and sell a house at the same time with as little problems as possible: Number one step is: to have the right teamwork in place: a realtor, a lawyer, an appraiser, and a home inspector. Make sure that everyone involved in the process is aware of what's going on. It's important that your realtor and your lawyer know what the other is doing. It will eliminate the unexpected delays and/or problems. Step two: Have the house inspection completed for the home that you're selling ahead of time (before putting it on market). Not typical approach, but it gives you advantage: you'll know what repairs or changes you’ll need to make, so you can save yourself a lot of time.
You don't want to have an offer accepted on a house that you're buying without having your current home up for sale. So make sure that you list your home long before you start making offers on homes that you want to buy.
Be willing to accept a lower offer for your selling home if it gives you some flexibility with the closing date. This will give you more flexibility when it comes to buying and moving into a new home.
Get a pre-approved mortgage before you start looking for a house to buy. This way you won't waste valuable time looking at homes that you can't afford.
Alternate housing. Be prepared to rent alternate housing for a month or two if the selling of your old home and the buying of your new home don't coincide the way you want them to.
Be flexible with your closing dates. The more flexible that you are when it comes to closing dates that more chance you have of selling and buying at prices that you want.
Talk to your realtor! Make sure that you know all of the details when it comes to both buying and selling a home. When you sign, or accept, any offers take the time to understand all of the fine print so that you're not liable for something that you're not aware of.
Buying and selling a home at the same time can be stressful so be sure that you're prepared for a bit of upheaval in your life for a period of time. With patience and a clear understanding of what you want you'll soon be moving into your new home after selling your current home at the price that you want.

     

Alla Tchouiko
Broker of Record/Owner
416-457-6870 cell any time
 
Alto Realty Inc. Brokerage
416-850-5575 office
www.RealEstateLuck.com source of ideas and listings

 

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