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Buying A House | 19 Posts
Homeowners | 28 Posts
Polk County | 45 Posts
Selling A House | 7 Posts
March
13

Buying and selling a home at the same time can feel overwhelming. Here's how to make the process easier.

Planning a move to a new home is all about timing. Unless you plan on keeping your old home and turning it into a rental of some kind, you will want to sell it at the same time you buy your new home. While it can be done, both transactions rarely take place at the same time. This may leave you without a home for a short period of time or with two mortgage payments and an overextended budget. Our real estate agents work as quickly as possible to make sure the risk of either scenario is kept to an absolute minimum. They can guide you through the process and keep things moving forward.

  • Balance the market when it comes to buying and selling – A buyer's market means lower prices, while a seller's market results in higher prices. If you are moving within a smaller area, it's likely you will only deal with one or the other. If you don't mind moving to a different city, look for one that is experiencing a buyer's market trend.

  • Is it the right time for your to move? - Every family has different reasons for moving. Make sure you're ready to move and that you have the financial security that is needed if you want to buy a new home. Moving on a whim can be costly, especially if you don't have the stability you need to maintain or care for a home of your own. Go over your priorities and make sure you're ready.

  • Start preparing your home for sale now – Preparing your home for sale will take some time. Start getting rid of clutter now and work your way through each room. Make a list of minor repairs that can be made and start taking care of them one at a time. Clean up the exterior of you home as well. Your home's curb appeal is what potential buyers will base their first impression on. Freshen up your landscaping and give it a new look.

  • Find a local real estate agent you trust – When you start looking for Crookston homes for sale, you will want to find a local agent you trust. Talk to several before you make your final choice. It's like finding a good pair of shoes. Some will just fit you better than others. Take the time to get to know your agent and give them as much information as you can so they can find your perfect forever home.

  • Start saving for a down payment – It's always a good idea to save money whenever you can. If you plan on buying a new home, start saving money as soon as you make the decision. The time it takes to prepare your home and find one that you may be interested in will allow you to save a small amount of money you can put down as part of a down payment. The type of financing you get will determine how much you will need for a down payment.

  • Keep your eyes open for homes you really like – A new home is a major investment. You don't just buy the first one you see. You may go months without seeing one that really holds your attention. When you know, you are ready to move, and you have started to get things in order, search local MLS listings to see what types of homes are being listed. Talk to your real estate agent and see if they know of any properties that will be listed in the near future. It may take a little time, but you will eventually find one that you like.

Our agents have years of experience and can help you work through the process of selling one home and buying another. It isn't as difficult as you may think if you get the timing down. Contact our office to find out how we can help you get the ball rolling when it comes to finding the home of your dreams.

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