The Delicate Art of Buying and Selling at the Same Time


How can you juggle buying and selling at the same time? These are the best strategies we use.

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

We’ve been running into this situation a lot lately. A seller sells their home, but hasn’t secured a home to buy yet. What are your options here? First, you could do a rent-back from the buyer. If they don’t necessarily need to be in the home on the closing date, you can rent it back from them month to month until you find the home of your dreams. You could also rent another place. This is a difficult one for some people because they don’t want to have to move twice or put all their stuff in storage. If you do go this route, I recommend renting a furnished rental so you can get your things in storage and just take a suitcase with you to live out of in the furnished rental until you purchase a new home.
A rent-back is a great option.
How can we help in a situation like this? Well, we’ve run into this situation numerous times. People don’t usually have the finances to buy before they sell, so we’ve seen just about everything. Our experience pays off because we can sit down with you and your family and discuss your individual situation to figure out what’s going to work for you. If you have any questions for us at all or if you want to sit down for a consultation, we would love to serve you like we’ve served hundreds of families already. We look forward to hearing from you!

Why Ask Your Realtor to Find You a Lender?

Choosing the right lender can be a tricky process, but Realtors are better equipped than anyone to help you find the right fit for you.

There are a variety of opportunities in the Phoenix Real Estate Market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.

Should you reach out to your Realtor to help you find a lender? Absolutely. All lenders are a little bit different, and they each offer different products. Depending on your situation, we can help guide you in the right direction for a good fit. What specifically, though, are the advantages of going with a lender that your Realtor recommends? For one thing, a lender chosen by your Realtor has already been pre-screened and is almost guaranteed to be good at their job. You also know that they will close the loan on time. When you pick a lender from a Google search, on the other hand, you never know what you’re going to get.
What kind of lender you need depends on your individual situation.
To that point, is it better to go with a larger institution, a smaller bank, or a mortgage broker? It really depends on your individual situation. Larger institutions take a little bit longer to close the loan. Sometimes this can be a disadvantage in a multiple offer situation. Mortgage brokers are usually quicker to close the loan, but some don’t offer the products that smaller banks offer. Smaller banks can sometimes give you an advantage in the low down payment category. If you have any questions or need help finding a lender, please feel free to give me a call or shoot me an email. I look forward to working with you!