Selling & Buying at the Same Time
Is it possible to buy another house before selling the one you are in?
In the ideal world, buyers both sell their homes and buy a new one – at the same time. The truth is the process is not that simple. You need to expect some time between selling and buying since the process is full of complicated steps. It is entirely possible to do both, but the real question is whether or not you are going to want to do it.
Consider what you gain and lose by selling before buying or buying before you sell.
Pros and Cons of Selling before Buying
Pros
- No risk of paying two mortgages at the same time.
- Cash is accessible for a down payment.
- Better understanding of equity
- No pressure to reduce the asking price
Cons
- Moving twice will be expensive and stressful
- Pressure to find a home might lead to an impulse purchase
- Temporary housing adds to the overall cost of moving
Pros and Cons of Buying before Selling
Pros
- Finding a home becomes enjoyable and relaxed
- Only one moving expense
- Less likely to rush or regret the new purchase
- Financial cushion available in case something goes wrong
Cons
- Might not be able to make a sizeable down payment on the new house
- Pressure to accept a lower offer if you’re rushing to sell
- Two sets of taxes to pay
- Might not qualify for a new mortgage if you’re carrying the old one
Steps to sell first
First, contact a real estate agent to list your home. Once you have a concrete offer, start looking for a new home. This can help the process be less stressful.
Decide where you want to live before beginning your new home search. Sometimes it takes weeks or months to find the perfect home. Make sure you have a place to live from the instant your sell your home until you move into your new one.
Steps to buy first
As soon as you list your current home, start searching for your new house. Being proactive will help avoid issues later on.
Make an offer and request an extended closing. This can help give you time to coordinate the sale of your old home.
Use your savings to help with the down payment of your new home. Alternatively, consider buying the new house with a home equity line of credit.
The process of buying and selling can have a significant impact on our finances and your mental health. It is stressful and can be financially prohibitive. If you are set on doing both at the same time, then you need to assess your circumstances carefully.
The post Selling & Buying at the Same Time appeared first on David Azimi.
NEW LISTING ALERT🚨 Rare Gorgeous Remodeled 2 story home featuring main home 1st level 3 bedroom 2 bath and full additional 3 bedroom 1 bath in Law Unit upstairs, Live in one and rent the other, or just simply have as a guest home, so many possibilities. This completely updated home features beautiful bamboo floors giving its character touch, Spacious family room, living room with fireplace to cozy up and Two- 2 car garages one for each unit! Plenty of parking. All bedrooms featuring carpet too. To top it off, Great location too, walking distance to schools, close to Mission, to Jackson to Harder, Bart and easy access to hwy's. Must see to fully appreciate all the details! 📍25129 Pleasant Way, Hayward, CA 94544 🏠 6 Beds | 3.5 Baths | 3,062 sqft | 7,194 sqft lot Offered at: $1,229,500 ✨ View listing: https://davidazimi.realscout.com/homesearch/listings/76264441
Lovely & well cared for 4 bedroom / 3 bath home with 2,345 sq ft and a 5,662 sq ft lot. Interior freshly painted and beautifully staged. Spacious Floorplan with Living room, Family room, Formal Dining, and Open kitchen great for entertaining with nook and breakfast bar area too. Plenty of cabinet space ad all white appliances. Enjoy a nice and relaxing day with fireplace in family. Low maintenance backyard and an over sized 3 car garage with built in cabinets and counter top. Close to shopping, dining and Hwy/Fwy access, Come take a look soon! 4025 Moss Rock Ct Modesto, CA 95356 4 Beds | 3 Baths | 2,345 sqft | 5,662 sqft lot $483,000 View listing: https://davidazimi.realscout.com/homesearch/listings/73400363
Lovely & Spacious Condo featuring 3 bedroom 2 bath, This Hard to find rare end unit gives you a bright feel and its spacious throughout. Updated kitchen with beautiful granite countertops, modern cabinets, electric stove, and Stainless steel appliances! Living room with fireplace to cozy up on those chilly nights. Modern lighting fixtures throughout giving the unit the contempory design touch. Tile flooring on main floor and laminate, easy to care for flooring upstairs. You can enjoy a morning coffee or tea on the patio breathing that fresh air. One car garage and one assigned carport parking space too. Close to shopping, highways, police station, restaurants, and good schools, come take a look today before its gone! 209 Sunnyhills Ct Milpitas, CA 95035 3 Beds | 2 Baths | 1,044 sqft | 2,178 sqft lot $745,000 View listing: https://davidazimi.realscout.com/homesearch/listings/71207161
Beautifully renovated with permits. Unique, Bright, Open are words to describe the kitchen and throughout the entire property. Newly MUST-SEE custom master bedroom suite. Come see this beautiful home located in the heart of the east bay area! 3080 Rocket Dr, Fremont, CA 94538 4 Beds | 3 Baths | 1,325 sqft
Fabulous 5 bed, 3 bath Oakridge Model home located on a private court. This Lovely home features cathedral ceilings making it a bright and airy feel, tile entry, modern laminate wood flooring and spacious throughout, Gourmet updated chef kitchen with beautiful Quartz countertops, double oven, gas cooktop with Microwave, Stainless steel appliances too! Family room off kitchen with fireplace to cozy up on those chilly nights. 1 bedroom and 1 full bath downstairs too! Premium lot, fully landscaped with concrete brick flooring for minimal maintenance and ready to enjoy. Close to Walnut Creek Border, shopping and highways! Come take a look soon! 1489 Bridge St Concord, CA 94518 5 Beds | 3 Baths | 2,448 sqft | 7,144 sqft lot $910,000 View listing: https://davidazimi.realscout.com/homesearch/listings/66731834
Centrally located San Leandro home featuring 3 bedroom 1 bath with over 8,800 sq ft lot, Many possiblities! Conveniently locted near freeways and close to Bay Fair mall. Premium Lot lot with Side access with a office/studio in rear. Storage,and a well. Come take a look~ 1540 165th Ave San Leandro, CA 94578 3 Beds | 1 Baths | 1,268 sqft | 8,800 sqft lot $546,000 View listing: https://davidazimi.realscout.com/homesearch/listings/66078151
Amazing Opportunity for this Santa Clara home! One story spacious home featuring 3 bedrooms, 1 full baths with a Sunroom. Home has beautiful Bamoboo flooring throughout, Living room with brick designed fireplace, Cozy & efficient kitchen space with solid counters, stainless steel appliances and plenty of cabinet space. Premium Lot is 7,260 imagine the possibilities Great location too, Close to shopping transportaion and schools. 1651 Cunningham St Santa Clara, CA 95050 3 Beds | 1 Baths | 1,021 sqft | 7,260 sqft lot $1,257,750 View listing: https://davidazimi.realscout.com/homesearch/listings/65388810
Great opportunity to live in this historic building renovated in 1999!s, 2 bedrooms, 1 bath, with an open living area. Kitchen features, granite counters, modern cabinets and laminate flooring, open to dining and living room for that spacious feel. Remodeled bathroom too, with double sinks, granite counters, separate bath and shower, very comfy. Location is a plus, in City living, w/a short walk to South Park, Financial District, SF MOMA & more. 75 Lansing St, 2 San Francisco, CA 94105 2 Beds | 1 Baths | 1,182 sqft | - lot $1,200,000 View listing: https://davidazimi.realscout.com/homesearch/listings/64736406
Unique, large open lot in historic Mission Ranch community! Spacious Single Family Home in quiet cul-de-sac, 5 bedrooms, 3.5 baths. This rare Bay Area home is located just minutes to shopping, freeways, BART station, parks, schools and Mission San Jose! Rich in cultural history, Chadbourne Elementary, Hopkins Junior High and Mission San Jose High School are all top tier of the California public schools and are much sought after for enrollment. Enter this ranch style home from the front porch through the entry hall leading to bedrooms with rich, original hardwood floors including an open living room with fireplace and dining room flowing to kitchen, great for entertaining. For an extra perk, home features a “Bonus Room” with many usage possibilities! Direct access from attached two car garage with separate laundry and storage room as well as spacious side carport. Substantial open side lot for future development and expansion! 1135 Desmond Ct Fremont, CA 94539 5 Beds | 3 Baths | 2,474 sqft | 0.42 acres lot $2,098,000 View listing: https://davidazimi.realscout.com/homesearch/listings/47299298
Immaculate and Beautiful home, featuring, one story 3 bed,2bath,with many upgrades throughout, granite counter, stainless steel appliances, modern cabinetry,, refinished hardwood floors throughout, newer copper plumbing, updated electrical,2 car garage attached with roll up opener all dressed up to use as entertainment, spacious, clean back yard ready for gatherings adn bbq's. Great location too, close to schools, church and freeways. Come take a look at this great opportunity!! 412 Royce Dr San Jose, CA 95133 3 Beds | 2 Baths | 1,092 sqft | 6,572 sqft lot $810,000 View listing: https://davidazimi.realscout.com/homesearch/listings/46474229
Contact
Mobile: 510-386-4844
Office: 510-386-4844
INFO@DAVIDAZIMIGROUP.COM
860 Hillview Ct, Milpitas, CA 95035, United States of America
CA DRE# 01790940
Quicklinks
Follow us
All information provided is deemed reliable but is not guaranteed and should be independently verified. This website and its affiliates make no representation, warranty or guarantee as to accuracy of any information contained on this website. You should consult your advisors for an independent verification of any properties or legal advice.
