At Team Nelson, our North Texas realtors know that buying – or selling – a home can be stressful. However, when you sell a home, it becomes necessary to find another place to live! Selling and buying a home simultaneously presents a unique set of challenges, but thorough planning can make it happen seamlessly, without pulling your hair out.
Here are a few tips to help make buying and selling a simpler, stress-free process:
Expect a bit of stress and sleepless nights. Buying and selling a home at the same time is absolutely difficult, and even emotional on top of the stress. Always keep first and foremost in your mind that while you will experience a lot of stress, there is light at the end of the tunnel! Do your homework, plan ahead where possible, and expect to be busy. This will help keep the stress from becoming overwhelming.
Be familiar with the market where you want to buy a home. What are your needs and priorities in a home? In comparison with where you currently live, is the market where you wish to buy less competitive, or more competitive? Know what you expect and need in a home; it will help you learn how much home you can get when you buy.
Meet with your Dallas real estate agent early on. It’s essential to meet with your realtor in the early stages so that you can learn about and understand the true current market value of your home and its marketability. Many homeowners undervalue their homes; an experienced agent knows your market and neighborhood backward and forward, a great help when trying to determine the value and marketability of your home.
Is your financial foundation capable of supporting two mortgage payments should you purchase a home before selling your current home? Do you have substantial equity in your current home, and is it available? You may want to consider discussing down payment and financing options with a local lender or mortgage broker who can guide you in this area.
At Team Nelson, our North Texas real estate agents are dedicated to making the process of buying or selling a home as simple and stress-free as possible. In fact, we will sell your home for free when you buy a home through us! Let us help take some of the stress out of selling and buying a home at the same time.
