General Information - Tips for Buying and Selling Properties at the Same Time



Important Links

Florida Homes

Tampa Real Estate for Sale

Delray Beach Homes for Sale

Boynton Beach Real Estate

Florida Retirement Communities

GL Homes' Communities
Valencia Lakes in Tampa

Tips for Buying and Selling Properties at the Same Time

While high affordability has prompted many current homeowners to upgrade to a bigger home, buying and selling simultaneously can be a challenge. These tips can make purchasing a property while one is listed for sale less stressful.


While high affordability has prompted many current homeowners to upgrade to a bigger home, buying and selling simultaneously can be a challenge. These tips can make purchasing a property while one is listed for sale less stressful.

1. Be financially aware - Before making the decision to buy or sell, you should be aware of your current and future financial situation. Banking on a home selling rapidly to help fund your new house can be a fatal mistake, and leave you paying double mortgages until your first property is sold. Instead, be sure to price your property appropriately with other homes for sale, but consider listing it for slightly less than market value for a quicker sale. Additionally, getting preapproved for a new mortgage or paying in cash can make buying a home more simple.

2. Hire help - Current homeowners may be more confident in their ability to buy and sell, but hiring a real estate agent can make both processes significantly less stressful. In most instances, you will be able to use the same agent to buy and sell properties, and this can also eliminate overlapping. Be sure to ask friends and family members for recommendations and come prepared with a list of questions when meeting with them one-on-one.

3. Make necessary repairs and replacements - While you may be busy visiting open houses when buying and selling at the same time, you shouldn't neglect fixing up your current home before listing it for sale. This means finally repairing the leaky faucet or adding a fresh coat of neutral paint to make your house more appealing to potential buyers. Not making these changes could leave the property unsold, and hinder your ability to move into a new home.

4. Start packing, but stay organized - Many potential buyers may be understanding if the house is halfway packed, but doing this in an orderly fashion and well before your home's open house can be a better option. By packing up stuff you no longer need around the house, such as family photos and collectible items, you can depersonalize your home, which will allow buyers to better envision themselves living there while also giving you a head start on moving out.

5. Be knowledgeable about the current market - Staying up-to-date on current mortgage rates and home prices can help you financially when buying and selling homes. Your real estate agent also has to be well-informed on ever-changing housing market, so you can also rely on them when it comes to making decisions on offers and other transactions.

For consumers interested in new homes for sale in Florida, it's important they know how to move through the process. GL Homes can help consumers know what the latest trends are for homes in Florida so they know exactly what they want in their new home.