Buying one while selling another

Super easy. Contingencies and Lease Backs solve this issue. Contingencies are not super popular in this crazy seller's market though.

Hi Patricia,
This is one of my specialties. Many of my Clients need the proceeds from one their sale in order to purchase the next home. Therefore, I negotiate either a 2 week rent-free or Seller leaseback arrangement in order to protect my Seller Clients' interests.
Kelly Jackson
RE/MAX Southwest
281-652-6873

Yes, you can have your realtor put a contingency in your contract for that situation.

Dear Patricia,
Buying one house while selling another is possible without remaining homeless. Definately go with an experience realtor. and make sure the they use a contingency addendum for the contract.
Let me know, I am available for a consultation.

Dominik Szabo
UTR - TEXAS REALTORS
(832) 844 1724
DominikRealtor.com
** The Doctor of Real Estate in Houston Texas **
" Professional, Courteous, and Informed "

Hi Patricia,

It's important to have an experiences Realtor in your corner to represent you and finess the dates in your contracts to make sense for your family. When you hire your Realtor they will explain the options that you have to help make this transition seamless.

This is the most fun scenario we face as Realtors. First step is to discuss with a knowledgeable lender what your options are per your income and debt ratios. Must you sell the first house in order to buy the second home? Then we look at your timing goals and what your perfect scenario would be. Most people love to have some time to move into the second house, taking their time while the listed property is under contract. A really good lender will also be able to guide you through a consecutive close with the listed property closing in the morning and then purchase a new home after lunch!

Hi Patricia,
Yes it is possible! There is several tools for that: contingency on your purchase contract, buyer temporary lease and seller leaseback. Please contact us direcly to explain you the pros and cons of each case.
Best,
francois@cozy-homes.com / 713 397 8857

Patricia,
Another option to consider is a temporary lease back of your home after the home is closed and funded. This is a great option to consider if your current home should close before you have purchased your new home. A temporary lease back of your home can be done for up to 90 days. You no longer own the home but would be considered a tenant and the new owners are your landlords.

It is important to consider when buying a home that if the home you wish to purchase receives multiple offers the offer with the contingency will not be as highly regarded and you could lose the house because the sellers go with a contract that in not contingent on another sale. I am happy to discuss it further if you would like. Feel free to contact me.

Krystal Huhn
Stanfield Properties
807 S. Friendswood Dr
Friendswood,TX 77546
krystal@stanfieldproperties.com

Hi Patricia,

This is such a GREAT question!!!

Selling and purchasing simultaneously is VERY common (about 1/2 my transactions are handled this way, most of which the Seller is taking their proceeds from the sale of their current home and putting them down on the purchase of their next home). I love doing these as they take a lot of organization, planning and staying on top of everything from contract to close on both sides (as well as staying on top of YOUR Buyer in your sale and the Seller in your purchase).

I highly recommend using the same, trusted agent on both sides (if you're staying in the same city).It really helps to streamline the process and closing on both homes. I have done these transactions several different ways and each is just dependent on the specific situation of the Seller. I've also managed cross state, country and international moves.

The most common way it to list your house and negotiate the contract on the house you are selling before you contract on your purchase, most likely with a contingency to sell (ideally you contract on the purchase after the Option Period of the home you are selling). Having an achievable closing date and a lease back in place are key so that you are NOT homeless. I can discuss more about the logistics if you want to reach out as I'm limited in what I can type here and have very specific negotiation tactics when I rep a Seller who is closing one home to purchase another.

I've also had Sellers who contract on a home prior to listing their current home. This is trickier and a lot less common and requires top negotiation skills on a resale or new construction purchase, but I've managed several. Many times it's when THE perfect home comes up or there aren't a lot of options that fit what they are looking for and they don't want to make a move until they find the right one. This situation is handled differently.

Again, happy to discuss!

Darby Grimmett / KW/ darby@darbygrimmett.com / 936-827-9217

This is the most common issue that comes up when you decide to buy or sell a home. How do I get the timing right so that you can simultaneously sell the home your living in and buy the home you want to move into. Most often you need the money from the sale of your home to purchase the next home.
First hire an agent like me that will tell you what you need to hear not what you just want to hear. Price your home according to the market and keep it in sale condition, clean inside and out and in good repair. This will get it sold the quickest. Add a lease back if needed which keeps you in the home until the next home is ready.
Determine what your needs are in the next home and make it your job to find it. You should only look at those homes that meet your needs. When you find the right home don't hesitate. Make an offer. There is always one more to look at if you don't make the decision. Talk with your realtor and follow their advice.
Contingent contract is submitted if your home has not sold yet. Lots of communication between your agent and you and the other side buying or selling will make for a much smoother transition. Call me.

This is very doable, first you need a great realtor.
1- a contingency on the contract
2- if the buyer agrees you could also lease your current home back from the new owner until needed.
It will take a very efficient realtor representing you to get this done smoothly - and get everyone in the transaction a win win negotiacion.


Call me if you need further guidance or if you need representation.

Yenny Mattei
713-836-8243

You would need to have a contingency in place. List current home and buy another home Contingent on sale of listed property. Below is a great article with a few variations of using Contingency. If you have any questions please give me a call or shoot me an email

Yes, you would have your realtor put a contingency in your contract.