This is a question that is coming up a lot more often these days because of how hot the real estate market is. Traditionally, you would usually make an offer on a home with a condition that before the deal actually go through, you have to sell your own home first. But nowadays, many buyers are waiving that condition to make their offers more attractive. Sellers like this because it provides a lot more certainty and lowers their risk in accepting those offers.
Now waiving this condition is something cash buyers like investors can do, but for the rest of us, waiving this condition means we have to sell our homes first. Tune in to this week’s episode where I explain this in more detail and share how we’ve been able to make this approach work.
Should I sell my current home before buying a new one? I get asked this question so often these days…and the answer is pretty tricky.
First and foremost: you need to feel comfortable with what you’re comfortable doing because selling your home before you buy anyone is a big step. It’s not everybody and that’s ok.
If you are comfortable, I usually suggest an occupancy date of 3-6 months out. This will give you plenty of time to go out and purchase your new home after the old one is sold and we haven’t run into any problem so far.
This is #AskPete. If you have any real estate questions, feel free to send them and I will get you the answers. Or stay up to date on the latest tips for real estate buyers and sellers by clicking the YouTube button below: