Buying and selling at the same time
Buyers and sellers each face their own challenges, but for many the two processes go together. Most families, even Weston home owners cannot afford to hold multiple homes, so the decision to move generally means both buying a new one and selling the current property.
buying and selling at the same time
Those attempting to both sell their Weston home and buy a new one may feel overwhelmed by the combination, and can benefit from turning to their Realtor for help. While some Realtors work only with home sellers or home buyers, others may be prepared to help with both tasks. If not, their Weston real estate firm may still serve both needs, or they may recommend an experienced colleague.
Buying first
Many experts note it may be impossible to perform the closings for both deals on the same day for any number of reasons. For example, when moving to another state, or even a shorter distance, simple travel time may render such an arrangement impossible or impractical for all parties. Even if the two deals are closed on dates very close together, it still can be problematic.
If you are buying first, Weston homeowners must be prepared to temporarily cover the cost of two households. If the first home does not yet have a buyer, or the deal is not yet finalized, the owner must be certain to maintain the property in good condition. This can be difficult with the distractions of moving into a new home, but it is an absolute necessity for a sale.
Selling first
When selling your Weston home first, the most immediate problem becomes the need for a place to live between the two transactions. Those fortunate enough may have relatives or friends living near their destination, and can try staying with them briefly.
Another option, however, is to rent the home. Home buyers may be willing to rent their new purchase back to the previous owners for a short period of time while the other side of the process goes through.
As an advantage, owning only one Weston home at a time means coping with fewer overlapping responsibilities, as well as providing the financial advantages of making the proceeds of the sale available for the purchase immediately.
The National Association of Realtors recommends taking some time at the beginning of the process to determine whether it will be easier to buy or sell. A real estate agent can help with this, clarifying the market conditions in both relevant neighborhoods to figure out which aspect will be more difficult.
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