How to Buy and Sell Simultaneously

How to Buy and Sell Simultaneously

  • Sherry Beindorff
  • 05/16/22

There are some stress-measurement scales that say buying a home can be one of the most stressful moments of our lives, while on other charts, home buying doesn’t even register. Either way, moving is no picnic and can be stressful, challenging, and frustrating for both buyers and sellers. This holds true even if you live in one of the most desirable, upscale Denver suburbs, such as Lone Tree or Greenwood Village. With phenomenal mountain views, a plethora of parks and hiking trails, gorgeous green space, ski resorts, delectable restaurants, and a bustling shopping scene, these beautiful Denver suburbs are sure not to disappoint homebuyers.

Whether your goal is to sell your Lone Tree luxury home or to move into one of the charming Greenwood Village properties, it’s important to know the ins and outs of buying and selling before you get started. Here are some tips to help you through this process so that everything falls into place with ease.

Get help from an experienced real estate agent

What happens if you’re buying and selling a home at the same time? If you thought one real estate transaction was tricky, try managing two.

It’s impossible to go it alone. Buying and selling simultaneously is an art form, and only an experienced agent can help you finesse the details so that you don’t find yourself out of one home and waiting for the new one to be ready.  After all, most sellers’ worst nightmare is having no choice but to put their belongings in storage and live in a rental unit or hotel room while they wait to move into their new home.

If you’re buying and selling at the same time, you certainly won’t be the first person to undertake what seems like an impossibly arduous task. However, a skilled agent can help ease your anxiety, take on any necessary negotiations, and help you figure out your finances. Your agent has the resources and connections to find the right homes on the market to suit your needs, especially ones with owners who are ready to sell, all the while finding the right buyer for your current home.

As we said, it’s a dance. Thankfully, a great agent is equipped to handle those logistics, which may even involve arranging movers to transport your belongings from your old house to your new place, making the process as seamless as possible.

Take the right steps

There are certain things you can do to make the buying and selling process easier, or at least a lot less stressful.  Here are some important steps you should seriously consider when buying and selling homes simultaneously.
  • Consider buying your new home before selling. Having the stability of a place to live is important during the stressful time of real estate transactions. Plus, if you buy your new home first, you can find a new home that checks all your boxes instead of rushing to find something that wasn’t quite right but was for sale when you needed it. Buying your new home first is a smart move if you can swing it financially. If you can take on two mortgages temporarily, you will be able to take your time selling your old home, so you can get the best price possible.

  • If you can’t swing both homes, make an offer on your dream home that is contingent on selling your current home. A contingency will protect your assets if you are unable to sell your existing home. It will also allow you to back out of the sale if necessary, and you won’t lose any security deposit you put down as earnest money.
Photo courtesy of Dreamstime
  • Stage your home. You stand a better chance of selling quickly by staging, which is a “must” if you want to sell as quickly as possible for the highest price. With all of your possessions out of your home, you can stage it in such a way that creates a blank palette of sorts, allowing the new residents to picture their own belongings in the space. A skilled real estate agent will be an expert in staging and will have contacts and connections to help your home look its best, from painting to floor finishing, plumbing, roofing, and more extensive remodels. Your agent can show you what needs fixing in the short term so that you will hopefully recoup your expenditures and bring in some extra cash. After all, effective staging is a move that often boosts sale prices significantly.

Know your market

Highly sought-after areas like the Denver suburbs are often in a seller’s market, which means you may have an easier time selling your current home than you will finding another property, whether you’re looking at houses in Greenwood Village or pining for a Lone Tree luxury home. Many of these popular pieces of real estate may only be on the market for a few days, so you need to move fast if you find something you like.  That’s not to say that some high-end houses in Greenwood Village and other upscale Denver neighborhoods are not available. It simply means you might have a more difficult time finding the right place unless your agent has some tricks up their sleeve – which they undoubtedly do. If you’ve communicated well, your agent will know exactly the type of home that will make your heart sing, and chances are good in these luxury neighborhoods that the home of your dreams is one of your agent’s best-kept secrets.

In a seller’s market, understand that there are fewer homes available, so you may find yourself paying more than expected as a buyer. However, remember that the same is true of the home you’re putting on the market, so you may make up any extra expenses after the sale.

In the end, whether you have your eye on Lone Tree luxury homes or you’re aiming to sell one of the elegant houses in Greenwood Village, a proficient, resourceful Denver real estate agent can make the entire process a breeze.

Looking for Lone Tree luxury homes?

When you’re ready to take on your next real estate venture, contact Sherry Beindorff for assistance. Sherry and her team are motivated to help you every step of the way, from making sure you get the best offers for your beautiful property to finding a new place to call home.

*Header photo courtesy of United Country Park

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