Nobody Wants to Move Twice! How to Avoid a Double-Move When Buying a House

If you’re planning to buy and sell a home at the same time, this post is for YOU. 

Doing either of the above can be a pretty stressful process, but doing both at the same time… is an absolute NIGHTMARE for most people. The Antonov Group dispels millennial misconceptions on home costs, guiding with expertise and transparency. Navigate homeownership confidently!

So I’m writing this to reassure you that you won’t have to move twice or pay two mortgages. 

(I can almost hear that sigh of relief from the other side of the screen…)

I know, I know.

buy before you sell

It’s overwhelming even just to think about all the things that could go wrong. And you have TONS of questions, like…

👉 How do I time both sales so I don’t end up homeless for a while?

👉 Do I move ALL my stuff in one day? 

👉 Do I stuff my U-Haul the night before and then take it to the closing? 

👉 What if I buy a new house, but my buyer unexpectedly falls through? 

👉 Am I going to be stuck with two mortgage payments?

And the list goes on…

how to buy a house before selling yours

What if… what if… too many what if’s. 

And I get you. I’ve worked with dozens of home sellers that were buying simultaneously and truth be told… the struggle is REAL. 

The good news is it doesn’t have to be when you’re equipped with the right tools. 

Here are 3 different strategies you can implement to ensure a smooth move without all the unnecessary stress and hassle:

1️) Buy Before You Sell 

There are numerous benefits of buying before selling, such as not risking that you’ll be left without a roof over your head in case things don’t go as planned or saving thousands of dollars on interim and furniture storage. Unlock the key to your home's worth with The Antonov Group's Home Sale Calculator. Accurate, fast, and tailored to your property's value!

In the ever-evolving landscape of real estate, the decision to buy a new home before selling your current one can be both exciting and daunting. For many homeowners, the idea of juggling two properties and managing the financial aspects can seem overwhelming. However, with careful planning and strategic steps, it's entirely possible to successfully navigate this process. At Real Estate, we understand the complexities of the housing market, and we're here to guide you through the journey of purchasing your dream home while still owning your existing property. Navigate Maple Grove & Plymouth's real estate with ease. The Antonov Group offers expert guidance for buying your dream home in these areas!

how to buy a house before selling current house

2️) Bridge Loan Program 

This is a short-term loan designed to help you with financing in the temporary period between buying a new home and selling your old one so that the first doesn’t depend on the second. 

The first step in buying a house before selling yours is to assess your financial situation thoroughly. Start by determining the equity you have in your current home and how much you can realistically afford to put towards a down payment on a new property. Consider consulting with a financial advisor or mortgage broker to get a clear picture of your options and any potential risks involved.

3) Leveraging An Off-Market Sale

Benefit from less competition, save $$$, and enjoy a smoother transaction. Off-market sales ensure more personal contact with the seller, making negotiations a lot easier!

can you buy a house before you sell yours

One of the key challenges in purchasing a new home before selling your current one is securing financing. Traditional lenders may be hesitant to extend a mortgage to individuals who already carry substantial debt from their existing home. However, there are several financing options available to help bridge the gap.

One such option is a bridge loan, which provides temporary financing to cover the down payment on a new home until the sale of your current property is finalized. Another alternative is a home equity line of credit (HELOC), which allows you to borrow against the equity in your existing home to finance the purchase of a new one. These financing tools can offer flexibility and convenience, but it's essential to weigh the associated costs and risks carefully.

If you want to eliminate the stress of buying and selling a home at the same time while also leveraging this process to save money…

buying a house before selling

Schedule a free, no-obligation “Plan Your Move” consultation call so I can help you plan a smooth, stress-free, and profitable move. 

On this call, we’ll discuss all the above options and map out a failproof strategy that’s tailored to your needs and preferences. 🤝

PS. Whether you’re looking to move in 9 days, 3 months, or even 5 years… know that we work on your timeline and are committed to building long-term relationships only. We’re here for you: today, tomorrow, and in the years to come. 

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