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Sell One Property, Buy The Next
Although realizing the best possible sale price is a top priority, a smooth transition between homes is vital, too. The ideal scenario involves selling your former house in the morning and then moving into the new home later that day. That sometimes isn’t in the cards, though, which is why it’s important to have secondary plans if things don’t materialize or get delayed on either end of the transition.
Even with preparation, neither transaction could happen as expected. With contingencies in place, you’ll have the leverage to reschedule closings as needed or exit with minimal financial loss if necessary.
It can be a tremendous task to go from selling one house to acquiring the next while balancing life’s other facets. With an experienced real estate professional—emphasis on full-service here—the process of going between two homes will be far smoother than if you go at it alone. Here are a few of the benefits:
Having market knowledge on your side. Few know the nuances of your local market better than a seasoned agent. They will know what the trends are, how to set price points and how to find the right avenues to get your home in front of buyers in the area.
Offloading excessive paperwork and red tape. A well-trained agent will go through the fine print to ensure your sale or acquisition is done by the book, reducing the chances of omissions or errors. And if they do occur, a licensed real estate professional will have insurance to limit risk on your end.
Coordinating upgrades and repairs. A quality agent will have a web of professional contacts they can pull from when necessary to get your property market-ready. This includes inspectors, contractors, landscapers and attorneys.
Saving you time. Selling a home on your own means committing your evenings, weekends and other off-hours to showings for prospective buyers. Having a dedicated agent on your side means you don’t have to worry about hours of preparation to get your property in the public eye.
Avoiding the negotiation process. Buying a home is a consequential move for all parties, making negotiations leading up to the sale something of an art form. A skilled agent will know how to successfully manage offers that come along, entertain the serious ones and better the odds that your house sells at its maximal price.
Plenty of people have sold and bought their homes successfully, and the insights above will help you do the same if you’re looking to upgrade. At the end of the day, knowing that your next home is an investment (and one to be proud of) is the key to good footing between the buying and selling process. Take time to understand how your finances inform your property options and, as always, be honest with yourself throughout.
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