Buying a new home while selling your current one can feel like a balancing act, but with the right strategy, it’s entirely manageable—and even rewarding. At Corken + Company Real Estate Group, we specialize in helping our clients navigate this process seamlessly. Here’s everything you need to know to make buying and selling at the same time a success.
Start with a Clear Plan
Whether you’re upgrading, downsizing, or relocating, having a clear strategy is essential to align your buying and selling timelines.
• Determine Your Priorities: Decide if it’s more important to sell your current home first or secure a new home before selling. Your financial situation and market conditions will play a big role in this decision.
• Understand the Market: Work with a real estate professional to analyze the Denver Metro market. A seller’s market might make it easier to sell quickly, while a buyer’s market might give you more time to find your next home.
Explore Your Financial Options
Understanding your finances is crucial when buying and selling simultaneously.
• Know Your Budget: Meet with a lender to determine how much you can afford for your new home and how your current home’s equity factors into the equation.
• Bridge Loans: If you need funds to purchase your new home before selling your current one, a bridge loan can provide temporary financing.
• Contingent Offers: When making an offer on a new home, you can include a contingency that the purchase is dependent on the sale of your current home. This adds protection but may make your offer less competitive.
Stage and List Your Current Home
Selling your home quickly and at the right price is key to a smooth transition.
• Stage for Success: Highlight your home’s best features with professional staging and high-quality photography to attract serious buyers.
• Price Competitively: Work with your real estate agent to set a price that reflects current market trends and attracts offers quickly.
Coordinate Timelines
Balancing the timelines of buying and selling is one of the trickiest aspects of this process.
• Negotiate Possession Terms: When selling your current home, negotiate a rent-back agreement or flexible possession date to give you extra time to transition into your new home.
• Pre-Market Your Current Home: Start marketing your home before actively searching for a new one. This way, you can gauge interest and prepare for a potential sale.
Consider Corken + Company’s Buy Before You Sell Program
At Corken + Company Real Estate Group, we offer a Buy Before You Sell Program designed to simplify this process. This program allows you to purchase your next home before selling your current one, giving you the flexibility and confidence to move forward without feeling rushed.
Work with an Experienced Real Estate Team
Buying and selling at the same time requires coordination, market expertise, and a proactive approach. At Corken + Company, we’re here to guide you through every step of the process. From listing your current home to finding your next dream home, our team ensures a smooth and stress-free experience.
Take the First Step
If you’re planning to buy and sell a home at the same time, Corken + Company Real Estate Group has the tools, experience, and strategies to make it happen. Contact us today to learn more about how we can help you achieve your real estate goals with confidence and ease.
