Selling a home and buying a new one at the same time is a complicated process. There are three fears that sellers in this situation face. One is selling too quickly and getting stranded without a place to live. Second is missing out on purchasing a great property because their current home hasn’t sold, and third is getting stuck with two mortgages. While not always possible to avoid all these scenarios, there are some things you can do to help minimize your stress level. The professionals at Amber Lube, Keller Williams Realty Concord/Kannapolis in North Carolina offer their top three tips to help you make a smooth transition.

Top 3 Tips for a Smooth Real Estate Transition

Negotiate With the Buyers

If you already have a buyer for your home, there are options available. The first is to negotiate what is known as a rent-back arrangement. This will allow you to rent your house from the new buyer for a brief amount of time. If this isn’t an option, you can ask for a long closing; perhaps the buyers will work with you to extend the closing date as far into the future as the both of you are comfortable.

Get Moving on Finding Your New Home Quickly

Don’t let selling your home hold you back from starting your search for a new one. Start searching for your new home immediately—you’ll want to be able to act quickly when you do find a buyer for your existing home. Waiting until the last minute will only put you in a scramble and make the process all the more stressful.

Make a Contingent Offer

When selling a home, you have the option of making a contingent offer. A contingent offer is a request to make completion of one transaction contingent upon the other. Say, for example, you made an offer on a property you like, you could make completion of that deal contingent upon you selling your existing home first. Likewise, if you receive an offer on your current home, you could make the sale of your house contingent upon you buying a new home.

Getting stuck with two mortgages and being stranded without a place to live are not ideal situations when selling a home. You can help minimize your risks of both with proper planning and by following these tips. If you are looking for a trusted real estate agent to help you through the process, turn to the team at Amber Lube, Keller Williams Realty Concord/Kannapolis. They have a reputation for helping buyers and sellers alike reach their real estate goals. Call Amber at (704) 577-5966 or email her today, or contact Leaurel at (704) 467-0685 or by email to schedule an appointment. You can also visit them online for more information.