Your Options & Way Forward

Option 1:  Sell Before You Buy

This is the oldest traditional route. List your home, close the sale, then shop with that cash in hand. It can make financial sense, but it can mean a bit more planning and inconvenience. What's more it can also mean that you miss out on homes you would have preferred, feeling like you had to "settle" for something less, or that you need to arrange for temporary housing until you "find the right place" ... and most likely having to move twice. You may have the option to "rent-back", but that too is rare and brings some significant risk factors.
 
This option works best if you're not in a rush (which can be very challenging), are all right with inconvenience, and want the financial clarity of knowing exactly what you'll have available for your next home. 

Option 2:  Sell & Buy at the Same Time

This has been the most common trek. It's possible to coordinate both transactions so they close on the same day. I've helped many families in the greater Athens area do just that. It requires careful timing and a strong plan, but with the right team it can feel almost seamless. 
 
Here's how it can look. You list your home while we actively search for your next home. Then we structure contingencies so your purchase is dependent upon the sale of your present home. We make sure to use trusted local lenders and closing attorneys who know how to make the timelines work.
 
This can be a good fit but, it makes your offer be less attractive to buyers, because it takes their home off the market yet it may not close. Yet, it is a more common option than selling before you buy.

Option 3:  Buy Before You Sell

This option has been available as a "bridge loan" in the past, but now there are newer lending products on the market that can make this even more appealing.
 
This allows you to search and find your new home, purchase it, move in and then list your former home to sell. Some loan options actually provide funding for you to do repairs and updates on your former home prior to selling. 
 
This option may be better suited for those who have time constraints (relocating because of a new job), for those who don't have the cash or income to be making two mortgage payments until the former home sells, for those who want the convenience and less stress, or for those who want to find a home and move into it before they are forced to sell their former home.

Lots of Moving Parts

There are lots of moving parts when you are selling and buying and each situation is unique. Let's face it, selling or buying a home is daunting ... and to do both at the same time can be overwhelming. 

To help you in that decision we want to provide you with as much information to help you understand as much as you need to, so that you can make an informed and confident decision. 

The Bottom Line

Every move has its own story. Maybe you’re upsizing, downsizing, relocating, moving closer to children and grandchildren or simply ready for a change. Whatever your “why,” my job is to help you navigate this season to best attain the "why" for your move, in the first place!

Next Steps

When you’re ready, we can sit down and map out a strategy that makes sense for you and helps to make the process smoother, simpler, and more stress-free.
 
Because moving isn’t just about changing houses it’s about stepping into the next season of your life with peace ... knowing the process and the destination fits your desire for moving.
Paul Cooke

eXp Realty

Phone

+1(706) 714-8553

Address

1461 Colliers Creek Rd, Watkinsville, GA, 30677, USA

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