Buying a new home while selling your current one can feel like an overwhelming juggling act. Timing the transactions, managing finances and coordinating logistics can add stress to an already complex process. Fortunately, with the expertise of a Howard Hanna real estate agent, you can navigate the transition smoothly and confidently. Here’s how:
Step 1: Assess Your Financial Situation
Before making any moves, take a close look at your finances. Understanding your mortgage options and how much equity you have in your current home will help you determine whether you need to buy first or sell first. Howard Hanna’s Buy Before You Sell program may be an option, allowing you to purchase your new home before selling your current one.
Step 2: Connect with a Howard Hanna Agent
A Howard Hanna real estate agent is your best resource for navigating this complex process. They can provide a comprehensive market analysis of your current home, help you set the right price, and develop a strategy to sell quickly while securing your next home. They also have access to Howard Hanna’s exclusive programs, such as the 100% Money Back Guarantee and Hanna Gold Advantage, to make your transaction even more seamless.
Step 3: Decide Whether to Buy First or Sell First
Each situation is unique, and your agent will help you weigh the pros and cons of each approach:
- Buying First: If you find the perfect home before selling, a bridge loan or home equity line of credit may help you finance the purchase.
- Selling First: If you sell your home first, you may need to arrange temporary housing. However, you’ll have a clearer budget when shopping for your next home and avoid carrying two mortgages.
Step 4: Prepare Your Home for Sale
Your agent will guide you through the staging and marketing process to make your home as appealing as possible. From professional photography to targeted advertising, they will ensure your home reaches the right buyers quickly.
Step 5: Coordinate Closing Dates
One of the biggest challenges in buying and selling simultaneously is ensuring that closing dates align. Your agent will work closely with all parties involved to negotiate flexible timelines and minimize disruptions.
Step 6: Utilize Howard Hanna’s Essential Services
From mortgage and title services to insurance and relocation assistance, Howard Hanna Essential Services provides a one-stop shop for all your real estate needs.
Step 7: Move with Confidence
With a solid plan in place, you can move forward with confidence. Whether you’re upsizing, downsizing or relocating, their expertise ensures a smooth transition from one home to the next.
Ready to Get Started?
If you’re considering buying and selling a home at the same time, don’t go it alone. Contact a Howard Hanna real estate agent today to discuss your options and start planning your seamless move!
