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How to Buy and Sell Simultaneously

 
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Manage episode 153289242 series 1087147
内容由Frank Agahi提供。所有播客内容(包括剧集、图形和播客描述)均由 Frank Agahi 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Call me at 949-552-7653 for a FREE home buying or selling consultation

Today we are going to discuss the options that you have when you want to both buy a home and sell a home at the same time. If you’re planning on balancing these two tasks, we’ve got some good advice for you.

We’ve sold many homes throughout the years and when sellers have to sell their current homes in order to buy a replacement, the thing they have been most concerned with is having to deal with either paying two mortgages at once, or not having a place to stay if they sold their home before they found one to buy. In these types of situations, you have three options.

1. Temporary rental. You could find a place temporarily to move your things into while you’re searching for a more permanent home. You’ll have all the time you need to search, but the danger is that in a strong market like this one, you risk paying a much higher price if you wait too long.

2. Rent-back. With this option, you work an agreement into the contract that states the buyer will rent the home back to you for a certain amount of time so you can find your new home.

3. Contingent sale. This is the only guaranteed way to buy and sell at the same time. You can sell your home contingent on finding a new one to purchase first, and can buy a home with a contingency that you have to sell your current one first. This method protects you, but may cause buyers or sellers to pass on your offer. Sellers specifically like to see few contingencies.


The right choice will save you thousands.


So, which is the best for you? It will take time to figure out, and will require you to consider market conditions, trends, timing, and your individual circumstances. The right choice could end up saving you thousands.

If you have any questions or topics on your mind you’d like to ask us about, give us a call or send us an email. We look forward to hearing from you!

  continue reading

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Artwork
icon分享
 
Manage episode 153289242 series 1087147
内容由Frank Agahi提供。所有播客内容(包括剧集、图形和播客描述)均由 Frank Agahi 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

Call me at 949-552-7653 for a FREE home buying or selling consultation

Today we are going to discuss the options that you have when you want to both buy a home and sell a home at the same time. If you’re planning on balancing these two tasks, we’ve got some good advice for you.

We’ve sold many homes throughout the years and when sellers have to sell their current homes in order to buy a replacement, the thing they have been most concerned with is having to deal with either paying two mortgages at once, or not having a place to stay if they sold their home before they found one to buy. In these types of situations, you have three options.

1. Temporary rental. You could find a place temporarily to move your things into while you’re searching for a more permanent home. You’ll have all the time you need to search, but the danger is that in a strong market like this one, you risk paying a much higher price if you wait too long.

2. Rent-back. With this option, you work an agreement into the contract that states the buyer will rent the home back to you for a certain amount of time so you can find your new home.

3. Contingent sale. This is the only guaranteed way to buy and sell at the same time. You can sell your home contingent on finding a new one to purchase first, and can buy a home with a contingency that you have to sell your current one first. This method protects you, but may cause buyers or sellers to pass on your offer. Sellers specifically like to see few contingencies.


The right choice will save you thousands.


So, which is the best for you? It will take time to figure out, and will require you to consider market conditions, trends, timing, and your individual circumstances. The right choice could end up saving you thousands.

If you have any questions or topics on your mind you’d like to ask us about, give us a call or send us an email. We look forward to hearing from you!

  continue reading

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