Jerry Alley
Jerry Alley
Coldwell Banker Newsletter

  company
       

 



               


SHOULD I SELL MY HOME BEFORE BUYING A NEW HOME?



Deciding whether to buy or sell a home first can be a tough decision. Home buyers and home sellers each face their own challenges, but for many, the two processes go hand-in-hand.

Sharon Lee


Home buyers and home sellers each face their own challenges, but for many, the two processes go hand-in-hand. Most people cannot afford to own multiple homes, so the decision to move generally means both buying a new home and selling your current property.

If you are attempting to both sell your home and buy a new one, you may feel overwhelmed and could benefit from turning to your real estate agent for help. While some agents work only with home sellers or home buyers, others may be prepared to help with both tasks. If not, their firm may still serve both needs, or they may recommend an experienced colleague.

Buying a Home First
It may be impossible to perform the closings for both deals on the same day for several reasons. For example, when moving to another state, travel time may make this arrangement impossible or impractical. Even if the two deals are closed on dates very close together, you should expect a lapse between the two closing dates.

If you are buying first, be prepared to temporarily cover the cost of two households. If the first home does not yet have a buyer, or the deal is not yet finalized, be sure to keep the property you are selling in good condition.

Buying first may provide you with some logistical benefits. You can move furniture and personal belongings more conveniently from your old home into your new one without having to coordinate with a new homeowner.



Selling a Home First
When selling a home first, the most immediate problem becomes the need for a place to live between the two transactions. You may be fortunate enough to have relatives or friends living near either destination, and can try staying with them briefly.

You can also rent a home during this interim period. Home buyers may be willing to rent their new purchase back to you for a brief period while you complete your purchase of another home.

If you own only one home at a time, there are fewer overlapping responsibilities. It is a good idea to take some time at the beginning of the process to determine whether it will be easier for you to buy or sell. A real estate agent can help clarify the housing market conditions in both neighborhoods so that you can decide which step to take first.

Check out other resources about selling your home


Sharon Lee is the Digital Content Specialist for Coldwell Banker Real Estate, LLC. She lives in New Jersey and holds a BA from Syracuse University. She is passionate about giving back to the community and enjoys teaching STEM (Science, Technology, Engineering and Mathematics) at the local Boys & Girls Club. She loves pun-ny jokes and she can watch adorable videos of puppies and babies all day.

Original Source: Blue Matter
  





















     
  DID YOU KNOW?
Denver, CO
 



   
  It's unlawful to grow dandelions in Pueblo city  
   







NewPanda





Featured Photo

Bottom of stairs, Denver art museum

 

Stats










 

     
   
     









 

 

         

  box
         




           

  TRENDING



GENERAL NEWS & VIEWS
Feature Photo  
HOW TO CREATE A CAPSULE WARDROBE
If you're having trouble picking out what to wear each morning, a capsule wardrobe may be the solution for you.
 MORE


Feature Photo  
CREATE GOOD HABITS THAT STICK
If you're able to satisfactorily answer the question, "Why is this new habit important to me," you're on the path to making it a reality.
 MORE


Feature Photo  
6-INGREDIENT OLD FASHIONED PEANUT BRITTLE
The key to making old-fashioned peanut brittle candy in a flash is - surprise! A microwave!
 MORE




INTERESTING READS


Feature Photo  
UPGRADE YOUR OUTDOORS FOR LESS
Giving your home serious curb appeal doesn't have to break the bank. Try these tips to get the most bang for your buck!
 MORE


Feature Photo  
STEAL THE SHOW WITH AMAZING KITCHEN TILE
In a stunning array of styles and materials, backsplashes are stealing the show in well-designed kitchens.
 MORE


Feature Photo  
ARE YOU FINANCIALLY SECURE?
Establishing financial security is an important goal, but it doesn’t happen overnight.
 MORE






 
           




         

 
 
Jerry Alley 
jerry.alley@coloradohomes.com

         



       


                   

   



 
Jerry Alley 
jerry.alley@coloradohomes.com




   



   



 
Jerry Alley 
jerry.alley@coloradohomes.com