Selling and Buying at the Same Time
Coordinating a sale and a purchase — especially if you want to move directly from one home to the next — takes real planning. Here's how Jessica approaches it.
The Core Challenge: Timing
Ideally, your sale and purchase close close enough together that you're not paying for two homes at once, or facing a gap with nowhere to live. In practice, this takes coordination on both sides of the transaction, and sometimes a contingency built into one offer or the other.
Contingent Offers
An offer contingent on selling your current home can work, particularly in a less competitive market, but may be less attractive to sellers than a non-contingent offer. Jessica can advise on whether this is realistic in your target area's current conditions.
Bridge Financing & Other Options
Some buyers use bridge loans or home equity lines to access funds for a new purchase before their current home sells. This isn't the right fit for everyone — Jessica can refer you to lenders who can walk through whether it makes sense for your finances.
Frequently Asked Questions
It depends on the market and your risk tolerance — Jessica can walk through the trade-offs of selling first, buying first, or using a contingent offer based on your specific situation.
Yes, though it's typically a harder offer for sellers to accept, especially in a competitive market. Jessica can advise on whether this approach is realistic for your target area right now.
Temporary housing or a rent-back arrangement (renting your old home from the new buyer for a short period) are both options Jessica can help you plan for.
Coordinating a Sale and a Purchase?
Let's build a timeline that works for both sides of your move.
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