How to sell your current home and buy two new properties all at once.
Recently, I went on an appointment with a client who wanted to sell their house and then buy two separate homes. The question became “Which should I do first?” Should you sell your house first, or should you find the two houses first?
Ultimately, it’s up to you and your situation to decide which to do first. However, the best solution typically ends up being to find the house(s) you want to buy first. Once you secure the new home you want to buy, then you can sell your current property. How do you go about doing that? How do you tell the sellers of the properties you want to buy that your purchase isn’t contingent on the sale of your current home?
Most people can’t since they don’t have the money to go out and buy two other properties until they get the proceeds from the sale of their current property. Fortunately, there are a couple of solutions to consider.
One option is to work with a company that will front you the cash to buy a home in return for you agreeing to use that company as your lender. Homeward Financial is one example of such a company; they’ve become one of our mainstays because they offer such a great program. Other companies like Zillow will simply buy your house from you, but at a cost—they tack on fees to their purchase and don’t always offer full price. Homeward, on the other hand, will secure your pre-approval for your new homes, issue an appraisal for your current home, and help you to sell it within six months. That gives you the green light to go find the houses you’re looking for and use Homeward’s money to purchase them.
This is just one way that the Anderson Group is adapting to the craziness of our current real estate market to find solutions for our clients. You matter to us, and we want to make sure that you have the smoothest and best home-buying-and-selling experience possible. If you have any questions about juggling two transactions at once or anything else to do with real estate, don’t hesitate to give us a call or send an email. We’d love to help you.