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How do I move without a gap between homes?

Looking to sell a home which I own outright. Also looking to purchase a home which I would use the cash from the original sale to fund a purchase. My question is without having closings back to back, since I would have nowhere to go upon the sale closing how do I get into a new home immediately without any Gap. My last home I sold I had a closing for sale, and a closing for a purchase in the same day it ended up being a nightmare. It basically gave me one day to move and put all my stuff in storage which is not what I want to do.
Asked By Tony S. | Wonder Lake, IL | 1103 views | Tips Advice | Updated 3 years ago
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Expert
271 Answers
Amanda Courtney

REP Realty Group

(12)

Plan your closing dates carefully and communicate with your lender and agents. Some people negotiate temporary occupancy, do a lease-back, or stay with family or in short-term rentals if needed. Good planning keeps things smooth but know that you can do what we call a simultaneous closing where everything happens on the same day.
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Novice
6 Answers
James Leonard

My Home Group Real Estate

(48)

Hi Tony, In most markets of the country this is a "Sellers Market". The strongest sellers market I have ever experienced during my lifetime (I'm on the backside of 58). Have your agent negotiate a lease back after close of escrow. This will allow you to stay in your home after closing and make the transition to your new home very easy. Negotiate it up front before accepting a contract. Once the contract is accepted, the Buyer is in control of the transaction.

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Novice
1 Answer
Lillian Fowler

BHHS Fox & Roach Realtors- Mount Laurel

(62)

Hi Tony, It sounds like you had a bad experience, but it doesn't have to happen again. When done right, closing on your current home in the morning and then closing on your new home in the afternoon has worked well very often. Your belongings are on a truck for just 1 or 2 nights. Except for purchasing a new home before selling your current home, there are no other options. Find a very experienced realtor who can sell your home and coordinate with the agent for the house you are buying. Best of Luck. Lillian
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Novice
1 Answer
Bonnie Schwam-Munoz

eXp Realty

Ask for a post occupancy of 30 days or whatever days you want. Also, there are programs where you can buy a home before you sell the other one. Homeward.com is one such vehicle. May cost you a little to do it, but could be well worth it. So a couple of ideas!
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Novice
1 Answer
Branden Linnane

HomeSmart Connect

(39)

Hi Tony, I am very local to you; McHenry, IL. I would like to share with you and show you how we make for a smooth transaction. Please feel free to call/text me: 815-355-2331

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