It's not uncommon for people to buy and sell homes simultaneously. In fact, in many real estate markets, it can be the smartest way to buy and sell real estate in the same location.
If you're interested in Washington D.C. homes for sale and want to sell your current real estate simultaneously, these tips will help make the process as smooth as possible.
When you're buying and selling D.C. real estate simultaneously, it can be helpful to pack up as much as possible before you begin the transaction. For assistance with the packing and moving process, consider hiring help like American Relocators Inc. This allows you to store your belongings before you’re in the thick of your hunt for D.C. houses for sale.
Putting most of your belongings in storage allows you to be more flexible regarding the closing date since you won't need extra time to pack. This can help you avoid a clunky transition between selling your current home and buying a new one.
What to do if there are timing overlaps
If you’ve not yet closed on a new D.C. house for sale, you can negotiate with the buyer of your old home to rent back your original property as you complete your search. This is best for when you’re close to finalizing your purchase and have a solid timeline for moving out. Otherwise, it’s more considerate of your home's new owners to seek a short-term rental through another service—such as a monthly rental of an Airbnb property or a month-to-month lease of D.C. real estate.
If you close on a D.C. home for sale before you've completed the sale of your current property, you’ll need to be prepared to fund both mortgages, assuming you did not purchase the property outright. As such, it’s essential to work with a local D.C. realtor to craft a likely timeline for your sale so that you can budget accordingly.
Research potential neighborhoods
When planning to buy real estate while also listing your property on the area’s competitive market, it’s essential to think about the neighborhood in which you want to live. By narrowing down a few preferred neighborhoods, you can focus your search and avoid getting overwhelmed in the middle of buying and selling.
Highlight your home’s selling points
Additionally, consider what amenities you and your neighbors most enjoy about your home’s location.
Hire inspection, repair, and cleaning services
Some of the most common repairs identified during a home inspection include:
- Damaged gutters and downspouts
- Cracks in the foundation
- Missing or damaged shingles on the roof
- Caulking windows and doors to prevent drafts
- Adding or repairing insulation in the attic, crawl spaces, and around pipes
- Damaged or missing handrails
- Damaged floor tiles
Hire a stager
Work with an experienced D.C. real estate agent
For a knowledgeable, courteous real estate team with experience in the D.C. real estate market, reach out to The Sebastien | Daniel Alliance. They will make your selling, buying, and moving as smooth and stress-free as possible—and can help you research each step of the process. Wherever you are in the process, contact Sebastien | Daniel Alliance today.