Avoid These Mistakes When Buying and Selling at the Same Time
Many people find themselves buying and selling a home at the same time, but knowing that it is a common occurrence doesn’t make it any easier. While buying and selling at the same time can be stressful, avoiding these mistakes can ease the process. Don’t wait too long to get your home ready to sell. As a seller you don’t want to wait until you’ve submitted an offer on a new home to get yours market ready. Waiting too long can put you in the financial bind of winding up with two mortgages. Work with your REALTOR® to prep your home for sale, so that when the timing is right you can buy and sell seamlessly. Don’t assume your closing timelines will align perfectly. When buying and selling at the same time it can be difficult to get all of your closing dates to match up. Make sure you have a backup plan if you need to move out of your house to close but can’t move to your new place yet. Line up an alternative plan if you need to get into a short term rental or a hotel. Also, make...