The Key to a Smooth Transition After Selling Your Home

There are many great Roseville area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at 916-788-8822 for a FREE home buying or selling consultation to answer any of your real estate questions.

If you are a homeowner who is looking to move into a bigger or smaller home, the question often arises: "Do I sell my current home right away, or do I purchase a new home first?" Transitioning from your current home to a new one is a complicated process, but it helps to know your options.

1. Sell and buy concurrently: This option is the most ideal. It works by looking for a new home after listing your current home or once it's in escrow. Once you've found a new home, you coordinate the closing and moving dates so that you only have to make one move. In a perfect world, everyone would be able to do this - however, it's not always easy to find your dream home quickly.
2. Sell current home and negotiate a rent-back on it: Once you sell your home, you can negotiate a rent-back agreement with the buyer so you can live in your house until you find a new one. This is a great option when the buyer is really motivated to buy your home and willing to be flexible. The only problem is the schedules of buyers and sellers often don't line up, so it's difficult to make this option work. 
3. Sell and rent with someone else: To give yourself time to go out and find that perfect new home, you can find a place to rent until you're ready to make your move. There are significant benefits to doing this - for one, you can take your time and really check out the market because there is no pressure to find a home in a specific amount of time. It also puts you in a strong position to negotiate because your cash is in the bank, your loan is approved, and you are ready to buy your next home. There are no contingencies once you find your next home - but you do have to move twice, which isn't ideal for some people.
4. Buy first and then sell: This is your best option, but how do you do it? It's possible for you to find a perfect home, buy it, and then work to clean up your current home so you can sell it quickly. If you're interested in going this route, we would love to give you a hand.

There are very different ways you can approach each option, which makes the process even more confusing. The most important thing you can do is make sure there are homes that fit your needs before selling. You can do this by taking a close look at available homes, visit them in person, and determine whether they meet your standards.

We would love to help you through this process, so give us a call or shoot us an email. We would love to make the experience as smooth as possible!