Buying and Selling at the Same Time
Most move-up and downsizing plans come down to timing. Here are the usual ways to line up both moves, so you can pick the one that fits your money and your nerves.
Start With Three Numbers
What Your Home May Sell ForStart with a home value.What You Can BuyTalk with a lender about buying before or after you sell.
Your TimelineWe will map out both moves with you.Call Us
Your Main Options
| Option | How It Works | Watch For |
|---|---|---|
| Sell first | You close on your home, then buy with the proceeds in hand. | You may need short-term housing or a storage plan. |
| Buy first | You buy the next home, then sell the one you are in. | You may carry two payments for a while. Ask a lender if you qualify. |
| Offer contingent on your sale | Your purchase depends on your home selling first. | Sellers may prefer offers without this condition, mostly in a busy market. |
| Rent back after closing | You sell, then stay for an agreed time as the buyer's tenant. | Needs to be in the contract. Buyers and their lenders must agree. |
| Same-day closings | You sell and buy on the same day. | A delay on one side can affect the other. Plan a backup. |
| Cash offer on your home | You sell for cash on a date you choose, then buy. | A cash buyer pays less than the open market would. |
Questions to Ask a Lender
- Can I qualify for the new loan while I still own my home?
- How would you count my current payment?
- Can I use my home equity for the down payment before I sell?
- What are the costs and risks of any short-term financing?
What We Do
We can handle both sides, from pricing and marketing your home to finding the next one and matching the dates. Talk to us early, because the best plan depends on your market, your loan and your timeline.
How We Sell Your HomeThe Wyze Way.Get a Cash OfferSkip the showings and repairs.See Homes for SaleSee what your next move could be.
General information, not legal, tax or financial advice. Wyze Realty is a real estate brokerage, not a lender. Loan decisions come only from your lender. Equal Housing Opportunity.