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There are a lot of advantages to selling your home before you buy another. Chief among these reasons is that you double-leverage your money. It takes a lot of precise timing, but I pride myself on being able to assist my clients in situations like these. I'll talk about three different ways that you can buy and sell simultaneously.
1. You can sell your home first and then use those proceeds to purchase another property. This gives you more time to sell and increases your chances of selling for top dollar. However, you may have to rush into buying another home or move into a rental property. You would have to move twice in that case, which nobody likes.
2. Your other option is to buy before you sell and get two mortgages. This isn't financially feasible for most people, but this does allow a lot of time to buy and sell the homes. This gives you a lot of power as a seller and as a buyer.
3. Lastly, you can try to time the purchase and sale of two properties right at the same time. This can be accomplished with some contingencies written into your buying and selling contracts. This can seem like a logistical nightmare, but we do have strategies that have worked for clients in the past.
Please be sure to contact us with any questions about this process. We would like to make your move as easy and stress free as possible.
We would love to help you sell your Denver home!
1. You can sell your home first and then use those proceeds to purchase another property. This gives you more time to sell and increases your chances of selling for top dollar. However, you may have to rush into buying another home or move into a rental property. You would have to move twice in that case, which nobody likes.
2. Your other option is to buy before you sell and get two mortgages. This isn't financially feasible for most people, but this does allow a lot of time to buy and sell the homes. This gives you a lot of power as a seller and as a buyer.
3. Lastly, you can try to time the purchase and sale of two properties right at the same time. This can be accomplished with some contingencies written into your buying and selling contracts. This can seem like a logistical nightmare, but we do have strategies that have worked for clients in the past.
Please be sure to contact us with any questions about this process. We would like to make your move as easy and stress free as possible.
We would love to help you sell your Denver home!
