Here are three strategies to help you buy and sell simultaneously.

Today I’m sharing three strategies for buying and selling at the same time. This is a stressful situation for most people, so keep these strategies in mind:

1. Get a bridge loan. You can borrow against your current home if you have enough equity, then use it to write a non-contingent offer on a new home. That allows you time to close on the new home, then get your previous home ready for the market, move out of it, move into your new home, then sell the first home. This is a good solution if you qualify because it reduces the stress of having to both buy and sell.
   

2. See if you qualify for two loans. Check with your local lender to see if you qualify for two loans. You could take equity out of your house with a home equity line of credit to use as a down payment for your next home and qualify for two mortgages to take some of the stress out of moving. 
   

3. Negotiate a rent-back. You’d put your home on the market, find a buyer, then negotiate with them to get a rent-back for 30 to 60 days after closing. Then you’ll stay in your current home for a bit, look for a new home, write a non-contingent offer on it, then close within your rent-back time frame.

”These three strategies take some of the stress out of the process.”

If you have any questions about taking the stress out of buying and selling simultaneously or real estate in general, we’d be glad to help. Call or email us anytime.