How to Buy a Home Before Selling Your Current One | Evan Glasco
Navigate Your Move Without the Stress
Thinking about buying a new home but still need to sell your current one? Managing both transactions at once can feel overwhelming, but with the right strategy, you can secure your next home without the stress of being in between properties.
This guide will show you how to buy before you sell, explore financing options, and avoid the pitfalls of double mortgages or rushed sales.
1. Should You Buy Before You Sell?
Buying first can be the right choice if:
✔ You don’t want to rush into buying the wrong home.
✔ You found your dream home and don’t want to risk losing it.
✔ You have the financial flexibility to temporarily carry two properties.
💡 Pro Tip: If you're worried about managing two mortgages, there are financing options to help bridge the gap!
2. How to Buy Before Selling – 4 Financing Options
1. Home Sale Contingency (Risk: Moderate)
✔ Make your new home purchase contingent on selling your current home.
✔ Sellers may prefer stronger, non-contingent offers, but this strategy can work in certain markets.
2. Bridge Loan (Risk: Low-Moderate)
✔ A short-term loan that covers your down payment while waiting for your home to sell.
✔ Ideal for buyers with equity but need cash flow for a smooth transition.
3. HELOC (Home Equity Line of Credit) (Risk: Low-Moderate)
✔ Use your current home’s equity to fund your next down payment.
✔ Best for homeowners with substantial home equity who don’t want a bridge loan.
4. Leaseback Agreement (Risk: Low)
✔ Sell your home and rent it back from the buyer for a few months.
✔ Provides flexibility and avoids rushed moves while finding your next home.
💡 Pro Tip: Not sure which financing option works best? I can connect you with trusted lenders to explore the right strategy for your move!
3. Steps to Buy Before Selling
✔ Step 1: Assess Your Finances
Determine how much you can afford while temporarily owning two properties.
✔ Step 2: Explore Loan & Financing Options
Work with a lender to find the best financing strategy for your situation.
✔ Step 3: Work with a Realtor Who Can Handle Both Transactions
Managing both buying and selling at the same time requires expert coordination to ensure a smooth transition.
✔ Step 4: Find Your Dream Home & Make an Offer
Use a bridge loan, HELOC, or contingency offer to secure your next property.
✔ Step 5: Sell Your Current Home Quickly
List your home ASAP with a strong marketing strategy to minimize overlap costs.
💡 Pro Tip: A well-priced home with great marketing sells faster, allowing for a smoother transition into your next property!
Final Thoughts: Make Your Move Without the Stress
Buying before selling is possible with the right plan. If you’re thinking about moving in Nevada County, I can help you:
✔ Explore financing options to make buying before selling stress-free.
✔ Coordinate both transactions to ensure a smooth transition.
✔ Sell your current home for top dollar while securing your dream home.
📞 Let’s chat about how to make your move simple and seamless!
🏡 Your next home is waiting—Let’s make it happen together.
👉 Call Evan today!
Evan Glasco
📍 Realtor® | Lic# 02209690 | Coldwell Banker Grass Roots Realty
🏡 Nevada County Real Estate Specialist
📞 530-635-2521
📧 EvanSellsRealEstate@gmail.com
🌐 www.EvanSellsRealEstate.com
📢 "I'm more than just a Realtor—I'm here to guide you home."
🔹 Top 10% of Agents in California | Masters Club Member
🔹 Helping Buyers, Sellers & Investors Navigate the Market
🔹 Local Expertise | Negotiation Power | Personalized Service
