A Summary: 7 Steps to Buying a Home When You Have One to Sell

1. Meet with your realtor to understand the value of your current home.

2. Meet with your mortgage specialist to obtain a pre-approval to purchase your new home. In this meeting, confirm if you must make the purchase subject to the sale of your home, and if there are any alternative financing options for you to avoid this scenario.

3. A) Have your realtor help you prepare your current home for sale.

3. B) Have your realtor set you up on a home hunter search - you may or may not decide to start looking at homes yet based on ... 

4. Choose when you'll list your home based on the risks discussed with your realtor; either 

A) Before you've found your new home to offer on.

B) Once you have offered on your new home.

5. If your current home does not have an accepted or firm offer once you've offered on the new home, pray you don't get bumped (or be ready to leverage the alternative financing if that is an option).

6. Once you make it past the conditional "bump" period on your new purchase by having a firm sale on your current home and meet the conditions on your new purchase, celebrate & work towards closing day.

7. On closing day, your sale will need to close first, then your purchase next. 

(You'll likely want to have your moving trucks booked for a couple of days to make up for any delays.)

Every situation is unique, so if you're ready to chat, please message, text or call any time.

Nicole Darbaz, REALTOR®

Your Trusted, St. John’s Metro, Real Estate Expert

Darbaz Real Estate Group

Keller Williams Platinum Realty

709-691-1373

NicoleDarbaz@kw.com