Buying & Selling Simultaneously: Is it possible?
Hey there, Atlanta and Decatur! Sara Cowley here, your friendly neighborhood real estate agent, and today, let's talk about the not-so-perfect world of buying and selling simultaneously. 😅
We all dream of a smooth, on-schedule transition, but let's face it – real life doesn't always play by the rules. Thankfully, I've got some savvy strategies up my sleeve to help you navigate this challenging journey of buying and selling your next home in Atlanta.
1) Leasebacks - Your Time-Saving Lifesaver
Ever wished you could hit pause on moving chaos? Enter leasebacks! These nifty arrangements allow you to sell your home and rent it back from the new owner for a little while. It's like getting an extra inning to find and secure your dream home without the rush or the hassle of moving twice. 🏡🔁
2) Bridge Loans - Building Bridges to Your Dream Home
When it feels like you're stuck in Atlanta real estate limbo, bridge loans can be your lifeline. These temporary financing solutions bridge the financial gap between selling your current home and snatching up your next one. It's a two-phase deal:
🚧 Phase 1: You may not need to make monthly payments on your new home, but interest accrues.
⏭️ Phase 2: Once your current home sells, you use the proceeds to pay off the bridge loan, including accrued interest.
No more stressing about selling before buying in a hot market! A bridge loan gives you a competitive edge.
More Tips for Simultaneous Buying and Selling
Here's a quick rundown of dos and don'ts:
✅ Sync those closing dates as best as you can.
✅ Have a backup plan just in case.
✅ Communication is key with your Atlanta real estate team – no question or concern is off-limits.
✅ Don't let the details overwhelm you. Remember, this is temporary, and your new home awaits!
Ready to dive deeper into the art of buying and selling your next Atlanta area home at the same time? Message me for your FREE copy of my "Buying & Selling Simultaneously" guide. 📚📬