What’s The Best Way To Buy a Home Before Selling?

By Jamie Reece

20+ years as Principle & Managing Broker, proud UW Business grad, loves competition & negotiating hard, achieving client’s goals thru statistical & opportunity analysis. Can be found sailing, biking, volunteering, or hanging with family when not actively engaged in creating a spreadsheet.

Selling your current home before buying your next is the conventional way to move with many benefits and opportunities. However, buying before you sell may be a better option for some with greater financial resources & capabilities, as well as those who prioritize comfort & certainty in their transition to a new home. For many these benefits outweigh the additional risks, such as paying two mortgages, if your current home takes longer than expected to sell.

If you need or want to buy a home before selling, don’t worry. It’s not impossible. It simply takes thoughtful strategic planning to make it happen starting with considering a few key ideas and methods.

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction
0:40 — Home sale contingencies are rare
1:00 — Recast your mortgage
2:24 — Bridge loans
3:28 — Use a third-party service
4:43 — Wrapping things up

If you have questions about this or are thinking about moving soon, don’t hesitate to call or email us for a free consultation. We look forward to hearing from you!