Spring is almost here which means the real estate market will be picking up! In most cases when homeowners are selling their property, they’re usually on the hunt for a new home. Whether they’re looking for a fixer-upper, a downgrade or a larger home, buying and selling a home simultaneously can be a bit stressful. However, if you plan ahead, the process will be absolutely seamless.
1. Get Educated About the Housing Market
Once you’ve received the hard numbers on your home’s sale, you need to follow these steps for the purchasing aspect. Think about your priorities and what it is you’re looking for in a new Waltham home. You need to understand what you will get for your money and how financing will work. It’s critical to know how competitive the housing market is where you are living and how long it will take to search for a home.
2. Think About Your Finances
You should always have enough capital for the offer and purchase of a new home as well as the sale of your current home (ie: staging, preparation, etc.). Although some closing costs can be paid in escrow, it will be extremely stressful if you don’t have enough money for expenses.
3. Keep in Touch with Your Lender
While searching for a new home in Waltham, make sure you stay in touch with your lender so you can get prequalified or preapproved for a loan. You can apply for a new loan while also carrying out the original loan or you can qualify based on a pending sale status.
Work with Hans Brings When Buying & Selling a Home in Waltham
If buying a home prior to selling your current property is the best option, then make sure to stick with your decision! The same holds true if you want to sell your home before buying one. I typically recommend selling your home before buying one to make the process much less complicated.
I have been working with Waltham residents for over 27 years and would be happy to assist you in the home buying/selling process. Give me a call at 617.968.0022 or fill out my contact form.