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Hey {{contact.first_name}}, When you’re both selling and buying, there’s a question I hear from many people: “What if I sell and don’t have anywhere to go?” Others worry about the opposite, buying first and then struggling to sell. You may not be worried about either, but it’s good to know there’s more than one way to handle the gap between homes. Some people sell first and then shop with a clearer picture of their proceeds and timing. Others buy first and carry both homes for a while, if their finances and lender support it. An offer can sometimes be made contingent on the sale of your current home, though that can affect how the offer is received. And after a sale, a rent-back can give you extra time in the home if the terms work for everyone. Each approach has trade-offs, and none fits every situation. Your timing, finances, and comfort with uncertainty all matter. Choosing the right one is the main thing I do on a first call. We’ll talk through your timing, your finances at a high level, and how much uncertainty you’re comfortable with. Then we’ll pick an approach and list the questions to settle first, some of them for your lender. You’ll leave with a clear order of operations. You can also reply first with the part that feels hardest to sort out.
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Derrick Krueger is a real estate agent affiliated with Compass. Compass is a licensed real estate broker and abides by equal housing opportunity laws. |
