When you are buying and selling separate Chandler Homes at the same time, it can be difficult to pull off. This common practice is known as move up buying and many people used to do it before the decline in the housing market. Troy Reeves, founder of the Troy Reeves Team, has cited an uptake in move-up buyers and has a few tips when you are looking to buy Chandler Homes, but are also selling current Chandler Homes simultaneously. The process of selling while buying can be tricky, but is completely possible with a high level of planning and forethought.
Buying and Selling Chandler Homes at the Same Time
Here’s the common scenarios in Chandler Homes buying and selling, and how to handle them:
Buy Chandler Homes Then Sell the Old One
Buying a home and then selling your current home is the easiest on you and your family. This way of buying a new home allows you to take your time and only move once. The downside of doing things this way is that you’ll be paying for two mortgage payments if your current property isn’t already paid-off; it does workout the best if your current home is paid off beforehand.
Sell Chandler Homes Then Buy the New One
Selling your current Chandler Homes and then buying new ones is the safest way to go about move up buying – but it can be the most exhausting way to do things. When you sell your current property before buying a new one, you will go through the entire process of selling your house before buying another. Before you buy your new house, you’ll already be completely moved out of the old one and will have moved into a rental or in with relatives or friends. Doing it this way will mean multiple moves and you’ll likely have to come out of pocket for storage rentals as well. On the other hand, you can take as much time as you need finding your new purchase without rushing the process.
Sell Your Chandler Homes While Buying
Timing is key when you are selling and buying at the same time. This is the ideal situation in theory, but snags in the plans could completely throw you off. Don’t attempt to tackle this trickiest of all options without a well thought out back up plan if either house should have problems before signing.