Tips for buying and selling at the same time
Are you buying and selling a home simultaneously? Here are three creative tips you need to know for a smooth move.
Juggling between buying and selling a home can be tricky. If you need the funds from your home sale to purchase your next house, the timing of your home sale can be critical to this process. Here are some creative ways to get to your final destination unscathed.
RENT YOUR HOME
In a hot real estate market, you might sell your home quickly. This might not seem like an issue until you realize you aren’t ready to uproot your family on closing day. If you need a little more time, consider asking the buyer if you can rent your home for a certain length of time until your new home closes. This will allow you to avoid moving twice!
PUT WHAT YOU DON’T NEED IN STORAGE
If you sell quickly, consider storing the things you won’t need during this transitional time in a portable storage box. You can have it dropped off at your home so you can pack it, have it picked up and then schedule delivery when your home closes. This will allow you to only load and unload one time when your home is ready.
GET CREATIVE WITH YOUR MORTGAGE OPTIONS
Although not an ideal situation, sometimes you don’t have a choice and must purchase a home before your home sells. If this is the case, talk to a mortgage consultant about your options. It’s important to check and see if you qualify for a second mortgage based on your financial situation. If the traditional application process doesn’t work, you can always ask about tapping into your home equity or looking into bridge loans.
And, as always — if you’re ready to purchase a new home – check out the Union Plus Real Estate Rewards Program powered by Sirva. You can earn $500 for every $100,000 in home value when you use one of their real estate agents to sell or buy a home.*
Real Estate Rewards
To earn cash back when you buy or sell your home, use a participating real estate agent referred by SIRVA.Find an agent
*To qualify for cash back rewards (in cash back states), you must use a SIRVA-referred real estate agent. Program designed as a referral service to provide you the opportunity to select a real estate agent to meet your needs. You must evaluate the brokers, agents and their services and make selections and decisions based upon your best judgment, interest, priorities and concerns. Call 800-228-3097 or visit myrewards.sirvahomebenefits.com/UnionPlus for important program details and state restrictions.
SIRVA is an independent provider of services. Union Plus is not affiliated with SIRVA and does not manage SIRVA or its programs. SIRVA is paying Union Plus for advertising services including dissemination of information about SIRVA and its programs to participating unions and their members as well as participation in Union Plus events and programs. No referral, recommendation, service representation or exclusivity requirement is intended by the Union Plus’s mention or dissemination of the SIRVA name and delivery of this information to participating union members. It is important that you evaluate the information provided and make decisions based upon your own best interest, priorities, and concerns. Certain state restrictions apply to the real estate cash back program.