If you’re selling and buying a home, which should you do first? Your real estate agent should know how to advise you on this predicament.
Let’s talk about how you need to handle this situation in this video, “Is it Better to Buy a Home First or Sell it First?”:
Never Sign a Deal on Your Next Home Until You Sell Your Current Home
The answer may vary depending on your situation, but most of the time you do not want to go under contract for buying a new home unless you can sell your current home. Most real estate agents will advise you not to sign for another home until your current home will sell.
So why wouldn’t you get a new home under contract before you have your current home under contract? The main reason being, most people wouldn’t be able to afford to have two homes if their current home took longer to sell than anticipated. Another reason you don’t want to buy first before you sell is because you don’t want future buyers for your current home to use the fact that you need to move against you in negotiations.
In different situations you can always place an offer on a home and the closing can be contingent on whether or not your current home sells. Make sure you have a knowledgeable real estate agent by your side to help advise you on your situation and do what’s best for you. If you need to sell your current home before you can purchase a new home, the best course of action is to get your home on the market, get it under contract, and then start looking for a new home.
More Common Questions About Selling a Home
I know you probably have a lot more questions about selling a home and you’re in luck! I have more common questions about selling a home that you can find answers to HERE.
These common questions can include things like can I buy and sell a home at the same time, when is the best time to sell my home, or even at what list price you need to sell your home.
Want more information? Download my Sellers Guide here:
I’m here to help. If you don’t see the answer to one of your home selling questions, reach out to me today! I have plenty of resources and expert tips to help you through the process of selling your home.
Have More Questions About Selling Your Home?
You need a real estate agent on your side who is going to help you through the process of selling your home! If you are listing your home in the Greater Birmingham, Alabama area, reach out to me today, I would love to help you through the process of selling your home.
💲Want to know what your home is worth? Find out Your Home Value
If you’re new to the Birmingham area and have any questions, please feel free to reach out to Dianna Howell with The Howell Group: 205-568-5435 or dianna.howell@kw.com for information on Pelham, Alabama real estate by Dianna Howell, top listing agent in the Birmingham, Alabama area. Visit our website for more information on the Birmingham area: https://diannahowellrealtor.com/category/lifestyle/
🔑🏡 Want to learn more about the selling process? Then read this article for 6️⃣ easy tips: https://diannahowellrealtor.com/selling/6-steps-to-selling-a-home/
📕 Read more about the Birmingham area in this post: https://diannahowellrealtor.com/buying/relocating-to-birmingham-al/
Sincerely,
Dianna Howell
The Howell Group of Keller Williams in the Birmingham Alabama area
Top Birmingham Real Estate Agent
