How to Buy and Sell Simultaneously

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation 

Call me at 949-552-7653 for a FREE home buying or selling consultation

Today we are going to discuss the options that you have when you want to both buy a home and sell a home at the same time. If you’re planning on balancing these two tasks, we’ve got some good advice for you.

We’ve sold many homes throughout the years and when sellers have to sell their current homes in order to buy a replacement, the thing they have been most concerned with is having to deal with either paying two mortgages at once, or not having a place to stay if they sold their home before they found one to buy. In these types of situations, you have three options.

1. Temporary rental. You could find a place temporarily to move your things into while you’re searching for a more permanent home. You’ll have all the time you need to search, but the danger is that in a strong market like this one, you risk paying a much higher price if you wait too long.

2. Rent-back. With this option, you work an agreement into the contract that states the buyer will rent the home back to you for a certain amount of time so you can find your new home.

3. Contingent sale. This is the only guaranteed way to buy and sell at the same time. You can sell your home contingent on finding a new one to purchase first, and can buy a home with a contingency that you have to sell your current one first. This method protects you, but may cause buyers or sellers to pass on your offer. Sellers specifically like to see few contingencies.

“

The right choice will save you thousands.

”

So, which is the best for you? It will take time to figure out, and will require you to consider market conditions, trends, timing, and your individual circumstances. The right choice could end up saving you thousands. 

If you have any questions or topics on your mind you’d like to ask us about, give us a call or send us an email. We look forward to hearing from you!

When Is the Best Time to Sell?

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation 

Call me at 949-552-7653 for a FREE home buying or selling consultation

Today we are going to talk about when the best time to sell is if you’re looking to make a move in 2016. I strongly believe now is the best time to sell, and sooner is better than later. Here’s why:

1. Inventory. There are fewer homes on the market now than there were at the same time of year in 2014 and 2015.
2. Market conditions. Right now, we have low inventory. As we get closer and closer to the summer, our inventory will increase, balancing our market out.
3. Interest rates. Interest rates are lower than they have been in a long time, but they are expected to rise soon. Buyers have a sense of urgency because their affordability could go down significantly with any increase in rates.
4. Any possible wild cards. This year we have a few wild cards to consider, including the fact that we are in an election year and the uncertainty of the global market in China and Europe.

Considering these conditions, I strongly believe if you are planning to sell in 2016, sooner is better than later, and now is the best time. Each situation and limitation are different, so we can take that into account when we meet in person. 

If you have any questions for us or any topics you’d like us to discuss in future videos, let us know by phone or email. We look forward to hearing from you!

What Can You Expect from My Video Blog?

Buying a home? Click here to perform a full home search

Selling a home? Click here for a FREE Home Price Evaluation 

Call me at 949-552-7653 for a FREE home buying or selling consultation

My name is Frank Agahi and I’ve been helping the people of Irvine buy and sell real estate for over 25 years. I’ve seen everything the market has to offer. From double-digit interest rates in the early 80’s, the decline of the 90’s, the real estate boom of 1999 to 2006, and the recent great recession, I’ve seen it all. 

The past 25 years have given me the opportunity to view and assess the market value through a unique lens. My goal is to make these blogs educational and relevant to the current market conditions in order to help everyone in their decision making process to buy or sell.

You can expect 2 educational posts each month. If there are any topics you’d like more information on, or have any questions, give us a call or send us an email. We would love to feature it in a future video. Until next time, I look forward to seeing you soon!