Need to Sell Your Home to Buy One? Follow These 5 Tips.

Timing Is Everything: How to Buy and Sell at (Nearly) the Same Time

It is a predicament that many people face; they want to move to another home but need to sell their current home to afford the down payment on the new one. Buying and selling at the same time can be difficult, but it is not impossible.

At Team 805 Real Estate, our fully licensed and talented team has extensive experience helping individuals who need to buy and sell at the same time. For nearly 20 years, Ventura County realtor Jeff Landau has been helping people sell their existing homes for top dollar and find their dream home throughout Southern California.

Call (805) 341-0398 to get the white glove real estate experience you deserve.

  1. Hire an Experienced, Highly Rated Realtor

Buying and selling can be tricky without the help and guidance of an experienced realtor. Too often, homeowners who need to sell in order to buy try to sell their property only to find themselves homeless while they try to find another property. Do not let this happen to you!

A knowledgeable real estate agent can help you make a smooth transition from your current home to a new home without the headache of moving twice or “couch-surfing” until you can find a suitable property. If you are trying to sell to buy, you need a licensed realtor who is familiar with both the area your existing home is located in and the area that you hope to relocate to.

  1. Get Your Home Ready to Sell

If you are serious about moving, get your home ready to sell. This means decluttering and deep cleaning. You want to impress potential buyers right from the start. Don’t want to spend money on expensive upgrades and renovations? Leave the remodeling to the experts with our premodeling™ program and find out how you can sell your home for 10-20% more profit.

In today’s market, many consumers are going online and making decisions before ever stepping a foot on the property. Make sure that your home is buyer-ready with professional photographs, a 360-degree video tour, and high-quality marketing materials.

  1. Don’t Get Too Attached

A truly qualified buyer is one that has cash in hand. Prior to selling your home, you may not be as strong as a buyer as someone whose down payment is not contingent on the proceeds of the sale. It is essential to start looking and get a good feel for where you want to move but do not get too attached to home until you can make a solid offer.

That being said, a savvy realtor may be able to write a conditional offer that is contingent on the sale of your current home. Depending on the market and several other factors, a seller might be willing to accept a contingent offer.

  1. Consider a Rent Back Option

One thing to take into consideration is a rent back option when you sell your home. This is particularly important in a seller’s market where houses are selling faster than buyers can look. A rent back is a condition written into the contract that allows the seller to rent the property back from the buyer for a given period of time. The seller and the new buyer agree to the terms of the rent back.

If the buyer is unwilling to do a rent back, or it is not an option, you should arrange for temporary housing once you sell your home and are looking for a new one. However, this may be unnecessary if market conditions are favorable for buyers or if the seller of the property you want to buy is open to a contingent offer.

  1. Be Ready to Move!

The buying and selling process can happen fast. Therefore, it is important to be ready to jump on a home that you love. In a competitive market, you will want to be prepared to make offers and consider things like a shortened escrow.

A qualified real estate agent can help you navigate simultaneously selling and buying a home. At Team 805 Real Estate, we are committed to making the sale or purchase of a home as stress-free as possible. Our team knows that any real estate transaction can be overwhelming, which is why we focus on maximizing communication and operating with transparency so that you are well-prepared for what is ahead.

Buying and Selling? Contact Team 805 Today!

If you need to sell in order to buy your new home, contact our office today. Jeff Landau specializes in finding qualified buyers and will help you get the most money for your Ventura County property. Team 805 will help you find your dream home, often finding listings before they hit the market. Call (805) 341-0398 to get a recommended listing price!