Tips To Help You Buy and Sell at Same Time

How soon should you wait to buy after you sell your home? Is it possible to do both at the same time? Real estate is changing and so is your borrowing ability. The equity of your home most likely does not allow for any leverage for borrowing. So what can you do?

Fortunately buying a home while you are selling your own is still doable with a little bit of work. Planning ahead of time with a good agent can help you make this dream a reality. Here are some tips to help you increase your chances of buying while you sell.

  • Know all about your finances. Know the value of your home and find out what you can afford before you start the process. Talk to your agent to see if you qualify for loan approval.
  • Start your packing as soon as possible. Pack away the things you do not immediately need to tidy up your house for your showing and to simplify your move when the time comes. Renting a storage unit could be a good option if you have a lot of things.
  • Get all of your repairs and renovations done. A lack of fixes and repairs can keep your house on the market for longer than it needs to be. Start renovations to raise the value of your home and sell your house quicker.
  • Check out other homes for sale to see what you are looking for in your future home. Open houses will allow you to walk through other homes to see the value and affordability.
  • If you find a home you are interested in before your house has sold, discuss your options with the seller.

Cary Amo Real Estate in Lafayette can help you with the buying and selling of your home. Cary Amo has more than 20 years of experience and extensive knowledge of the Contra Costa County. Contact Cary Amo today for any of your real estate needs.

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