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I have a home that I want to sell and purchase another one?

Selling and buying another home How does this procedure work
Asked By Myra P. | Federal Way, WA | 1251 views | Buying | 4 years ago
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Margo Christophilis

Keller Willaims GSRE

(145)

Good morning,
Selling and buying depend on your needs. You could buy first if you have the capability and then get your home ready to sell.
You could sell and buy at the same time. We need to be strategic.
You could buy contingent on the sell of your home.
I will be available after the 22nd. Please feel free to call me 206 963 5525 or email me at [email protected].
Octavio Moreno

HomeSmart AV

(25)

You will need to list your home contingent to seller find a new home and close escrow concurrent
Nicole Serviss

The Serviss Group with RE/MAX Elite

(41)

Selling and buying at the same time is very common, and there are a few ways to approach it. Some people sell first so they know exactly what they can spend on the next home. Others buy first using options like a bridge loan, a home equity line, or a contingent offer. The right path depends on your finances, timeline, and comfort level.

As your agent, I would walk you through the numbers with a net proceeds sheet, explain your loan options, and help you coordinate both closings so the transition feels smooth. With the right plan, you can move from one home to the next without unnecessary stress.
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1 Answer
Tracy Mathis

Southern Homes Realty LLC

(341)

Myra there are a few different options depending on your situation. Do you qualify for another home without selling your home 1st? Will you be using the proceeds from the sale of you home as a down payment on your new home? There are questions we would need answered to be able to tell you exactly how that works. Feel free to contact me and lets talk.

Tracy

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