Buying and selling at the same time is a little like juggling while walking a tightrope—it can be done, but it helps to have a strategy (and a steady hand guiding you). If you’re thinking of moving up, downsizing, or relocating, here’s how to pull it off without unnecessary stress.
1. Know Your Numbers First
Before you start browsing Zillow late at night, talk to a trusted lender. You’ll want to know:
-
How much equity you have in your current home.
-
What you can comfortably afford for the next one.
-
Whether you qualify to buy before selling or if you’ll need your sale to close first.
This step sets the tone for every decision that follows.
2. Decide Which Comes First: Buy or Sell
There’s no one-size-fits-all answer, but here are the basics:
-
Sell First: Less financial risk and you’ll know exactly how much you can spend. Downside? You may need temporary housing.
-
Buy First: Gives you more control over timing and moving once, but requires financial strength or a bridge loan.
A skilled agent can walk you through the pros and cons based on your situation.
3. Timing Is Everything
Coordinating closing dates is where a good realtor really shines. With careful negotiation, you can:
-
Request a rent-back period, so you stay in your old home for a few weeks after closing.
-
Negotiate a longer closing on your new purchase to give you time to sell.
-
Use contingencies that protect you if one transaction doesn’t move as quickly as the other.
4. Declutter and Prep Early
Even if you’re not listing tomorrow, start decluttering and making small repairs now. When the right opportunity comes along, you’ll be ready to list quickly without scrambling.
5. Work With One Realtor Who Gets It (Like ME!)
The secret to a smooth buy-and-sell process is having one professional quarterbacking both sides of the deal. They’ll coordinate timelines, negotiate terms, and keep both transactions moving forward so you can focus on the fun part—dreaming about your new home.
✨ The Bottom Line:
Buying and selling at the same time doesn’t have to be overwhelming. With the right planning, a little flexibility, and the right agent in your corner, you really can pull it off without losing your mind.