Unlocking Your Dream Home: The Secret To Buying While Selling

By Dylan Suitor

My true passion is to create generational wealth; generational wealth for my family, my future family, for my friends and of course for our clients. Whether you are a first-time or seasoned investor, looking for single family investments, duplexes, tri-plexes etc, multi-family investing, student rentals, vacation homes or a rent to own. I can assist you in getting started and teach and guide you on how to grow your own portfolio. I have focussed much of my attention over the last few years really understanding the process involved, in order to best serve you, our client.

Let’s be honest: Buying a home while still needing to sell your old one can be hard. Today, we delve into this dynamic scenario, exploring strategies and considerations crucial for those seeking to buy a new home while their current one is still on the market.

So, you’ve found a house you want to buy but you haven’t sold yours yet. For most people, holding onto two properties simultaneously isn’t feasible. Hence, you’ll need to include a condition to sell in your offer. Typically, sellers aren’t keen on this condition, so your offer needs to be enticing enough for them to consider.

One approach is offering over the asking price. If that’s not feasible, consider offering a larger deposit sum. This demonstrates your seriousness about the purchase. Additionally, working with a Realtor experienced in crafting successful offers under these conditions is advisable.

From personal experience, nurturing a good relationship with the Realtor and directly contacting the listing agent can be effective. Ask them straightforwardly, ‘What can we do to make this deal work for your client?’ If you still have questions on this subject, feel free to call or email. We look forward to working with you.