
Buy Smart, Sell Strong:
How To Win On Both Sides Of The Deal
Buying and selling a home at the same time is a high-stakes balancing act. It requires strategy, timing, and negotiation skills to make sure you don’t lose money on either side. The first step is understanding your financial position. Get pre-approved for your next mortgage and calculate how much equity you have in your current home. This will help determine whether you should buy first, sell first, or attempt to do both concurrently.
If you need the proceeds from your current home to fund your next purchase, selling first might make sense. However, this can leave you temporarily without a home. On the other hand, buying first allows more flexibility in finding your next place but comes with financial risks if your current home doesn’t sell quickly. Bridge loans or extended closing periods can help ease the transition.
Timing is everything, and the key is market awareness. Are you in a buyer's market or seller's market? Align your pricing, marketing, and negotiation strategy accordingly. Lean on a local real estate expert to help align timelines, evaluate contingencies, and negotiate deals that protect your interests.
With the right guidance, you can make a seamless move while maximizing both profit and peace of mind!