How Can You Move Up in this Seller's Market?

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A lot of people have been asking us questions lately about how to move up in a seller's market, which often requires selling your current home and buying your next one in one process. It's a bit of a juggling act, especially in a market like ours, but it's not impossible.

The first step is getting your current home sale-ready. You don't have to necessarily put it on the market right away, but getting it sale-ready is important. 

Depending on your financial situation and ability to take risks, you may make an offer on your next home prior to putting your current one on the market, or put your current home on the market and wait for a buyer before making an offer on a home.

A lot of things can go wrong when trying to balance a sale and a purchase. For example, what if you sell your current home before you've found one to buy? What about if you make an offer on a home that's accepted, but you haven't sold your current home yet? It's important to have a "Plan B" in this case, and a trusted real estate professional should be able to help you come up with a good one.

If you're going to attempt this, my personal recommendation is that you hire one agent or a team for both transactions. It's much easier to communicate with one person instead of two, and there's a lot of juggling to be done that would be easier for one person to accomplish if they were handling both sides. They will help at minimizing potential risk, as well as maximizing your profits.

If you have any questions for us, feel free to give us a call or shoot over a quick email. We would love to speak with you!