Juggling Keys: 6 Smart Moves to Make When Selling Your Current Home While Buying Your Next
Some stress is expected when you’re selling a house and buying a new one at the same time, but there are some strategies you can use to keep things running smoothly. Here are six savvy moves to help you navigate this tricky transition:
Declutter For Show-Stopping Scene-Setting
When you sell your home, you have to show it in its very best light—and that doesn’t just mean fixing the lighting! It has to be clean, clear, and a total blank slate so that potential buyers can picture themselves living there.
You’ll no doubt also want to put your own stamp on the new place you buy, ready for your next chapter. The best way to ease this transition is to find storage units near you. Then you have some breathing space to declutter, get all the paperwork sorted for your new and old places, and make the final move at a time that suits. All your stuff will be in a safe, secure place throughout, which gives you one less thing to worry about!
Know Your Numbers
From the very beginning, it makes sense to know your numbers inside out. This includes your financial standing, mortgage pre-approval amount, and fees like agency commission and taxes.
The more you know, the more able you are to choose properties in your budget. In turn, this gives you instant insight into whether you can accept offers. You’ll know right away whether they meet your budget needs.
Make Sure Your Real Estate Agents Are The Real Deal
Over 30% of people admit they have cried during the process of selling a home, so it makes a lot of sense to have somebody onside who can help make the process more streamlined and stress-free.
Real estate agents are experienced professionals who can ensure an efficient and enjoyable house selling + buying process. Take your time selecting the right people for the job—you’ll thank yourself later.
Don’t Skimp On Inspections
Surveys and inspections can cost thousands of dollars. However, it costs a lot more to find out down the line that your property has undiscovered issues. Worse still, you may have buyers pull out months in because of issues with your home that a survey could have identified sooner.
The more information you have, the more informed you are. Is it expensive? Yes. Is it worth it? Absolutely.
Elevate Your Experience With Proptech Tools
Property technology (Proptech) can be a great way to simplify your buying and selling experience. Virtual 360 degree tours, housing market updates, even social media channels are just some examples of Proptech that could help your buying and selling process be much more convenient, efficient, and effective.
Be Ready For Things To Go Wrong
From the very beginning of the process, accept that things are going to go wrong more than once. There will be stress, there will be complications, and there will be challenges. Nearly 250,000 house sales fell through in 2023, and all sorts of things considered to these failed sales. Surveys can show up surprises, there can be legal issues, and just when you think you’ve seen it all a new hiccup can arise.
If you go into the process with a problem-solving attitude, understanding you will need plenty of deep breaths, you’ll be much better able to cope with what is, realistically, a rollercoaster of emotions.
It’s Worth Mastering The Spinning Of Those Plates
Selling your house while buying another is complicated, but with the strategies above, you can handle it just fine. Whether you rent a storage unit to stage your home like a pro, or use Proptech to sell your house at speed, every step will bring you closer to closing on both properties and starting the exciting new chapter in your life.
