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Why Should You Sell Before You Buy?

Friday, January 15, 2021   /   by John Salkowski

Why Should You Sell Before You Buy?

Here’s why you should sell your home before buying a new one.

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If you’re looking to sell your home and buy a new one, in which order should you do it? My advice: Sell before you buy.

One key reason I say that is that we’re in a competitive market. Listing inventory is way down and buyer demand is sky-high, meaning sellers usually see multiple offers on their homes. Put yourself in the seller’s shoes: When a seller is presented with multiple options, they’ll likely accept the offer with the fewest contingencies to reduce the risk of their sale falling through due to extraneous factors.

"Make sure the buyer is flexible with your closing date so that you can avoid having to temporarily rent a place between homes."

In preparation to go live on the market, get a pre-sale home inspection. That should include things like radon and termite inspections. If you have private water and sewer, you should also have them inspected.

Once that is complete, you can go live on the market. When you get an offer, negotiate it to the point where you’re sure that the buyer’s deal is solid before moving on. Make sure the buyer is flexible with your closing date so that you can avoid having to temporarily rent a place between homes.

If you have any questions about listing or purchasing a property, reach out to us. We’re always here for you.

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which {companyName} participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2022 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: June 28, 2022 1 PM.
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