5 Ways to Conquer Buying & Selling Your Home at the Same Time

Moving has a huge impact on our lives. Whether it’s figuring out the logistics of selling your home or trying to find new homes in Raleigh, NC that meet your wish-list items, the moving process can be quite overwhelming at times–especially when you’re buying and selling at the same time. Fortunately, it doesn’t have to be this way. By following these foolproof tips, you can buy and sell real estate like a professional while finding your Raleigh dream home.  Here’s how to conquer buying and selling your home at the same time.

Before you put your house on the market and start searching for your dream home, you need to ask yourself one very important question, “Why do I want to move?” Everyone has personal reasons why selling their current home is necessary, yet there are some instances when homeowners love their home, with the exception of one or two elements, such as not enough storage space, they need one more bedroom/bathroom, or their current house feels dated. While there are some instances where remodeling or reorganizing your home will make you want to stay, there are plenty of reasons why you should move:

If any of those scenarios ring true for you and your family, then moving is probably the right decision. That’s where the real work begins.

 

Now that you have a clear vision of why you want to sell your house, the most important thing you can do is hire the right agent to market your home. So how do you know if you have hired the right agent? What are the qualities you should be looking for when working with a real estate professional? When meeting with a prospective agent, don’t be afraid to ask them questions. How much industry experience do they have? If they are a newer agent, are they working with more experienced agents? How familiar are they with your local real estate market? Do they understand Raleigh luxury real estate? Your agent should be able to answer all of these questions with confidence. Your listing agent should also be willing to ask you questions, regarding your goals for selling the home, how much you need in net profit, whether or not you need to sell your home in order to afford a new home, etc. Your prospective agent should be just as invested in selling your home as you are.

 

Once you have decided to hire your real estate agent, one of the first things your agent will do is help you prepare your home for the market. In many instances, homeowners need to be able to sell their homes in order to afford their new homes. Many homeowners cannot carry multiple mortgages, or they simply do not want the expense and maintenance of owning multiple homes. When this happens, making sure your home sells quickly is essential to get you into your next home. Whether your current home is located in Raleigh, Durham, or Apex, making your home market-ready is a crucial step in managing the buying and selling process. When your agent is preparing your listing, here are some key elements that will get you an offer much faster:

Once you and your agent have prepped your property for buyers, it’s time for the showings to begin.

 

Even when you have hired an experienced Raleigh real estate agent and done all of the necessary preparations to get your home ready to sell, one of the biggest factors that could make or break the buying and selling process is how you price your current home. If you want to sell your home to a qualified buyer in less time, your current home needs to be priced to sell. That means, when your listing agent has presented you with their Comparative Market Analysis (CMA), they have shown you all of the comparable properties that have sold in your neighborhood in recent months. Based on those previously sold properties, you and your agent need to come together in order to determine your home’s listing price.

By listing your home at fair market value, you will not only ensure more people will want to book a showing for your listing, but you will also increase your odds of finding a qualified buyer who will offer you the asking price (or above) for your home, in a timeline that will help you secure your dream home.

While you are working on selling your current home, now is the time to start searching for your dream home. If you are still living in the Raleigh - Durham area, it is highly recommended you work with your listing agent as your buyer’s agent for your next home. Why? You already have an established relationship with your current listing agent. Your listing agent understands the reasons for selling your home and can help you find the right home to fill those gaps. By switching agents, you are not only starting from scratch, but you may potentially cause delays in one or both of your closings due to communication gaps. By working with your current agent, nothing gets lost in translation, and you will have a much smoother transaction as a result.

Once you and your agent find your dream home, you need to come together to come up with an offer. Figure out the terms of your offer. This could include price, closing dates, contingencies, etc. Once you and your agent have figured out your terms, your agent will present an offer, which will hopefully result in an accepted offer. Once everything falls into place, you will be happy you worked with the right agent who made it happen and you will be one step closer to living in your dream home.

Are you searching for luxury listings in the Raleigh-Durham area? Let Shonda Draughn guide you on your house hunt. Shonda has many years of experience matching clients to their dream homes. Contact Shonda today to get started.