It's Complicated, Timing the Sale and Purchase of Your Next Home

People often wonder why so many choose to build a new home versus trying to find an acceptable and often lower cost preowned home. It all comes down to you and what you're trying to accomplish. If you want to control your location, floorplan, lot consideration, colors, and upgrades, etc., then you're a new home buyer. If your number one goal is keeping your cost lower, then a pre-owned home is going to score high for you. However, the process of selling one home and buying another is anything but easy unless you have a clear vision of what lies ahead.

Your options when both Selling and Buying a new home in Dallas Fort Worth

When you must sell your current home first to obtain mortgage financing approval, here are your logistical planning choices to consider when you decide to change addresses locally.

• Close the sale of your current home and then rent an apartment while you look for your next home.
• Contract with a DFW Builder, commence construction, then sell your current home (a popular option).
  
• Close the sale of your current home and rent your just sold home for up to 60 days as you search for another home. Leasing back is subject to finding a buyer who will agree to allow you to rent your home after you close. If your buyer obtained financing,  you will be limited to a lease period of 60 days or less.
  
• Contract a complete and or nearly completed new home, and then list your pre-owned home. This will only work if your home is ready to list, and you find a builder willing to take their home off the market for a period of time. Most of the time, the builder will continue to market their inventory homes and sell to the first party who is able to close absent a contingency.
• Get your home under contract and then quickly find a suitable and available pre-owned home or completed new home.
• And the most difficult one of them all, locate and contract another preowned home first, and then list and sell your current home. The problem here is that nearly no seller would ever agree to take their home off the market for such an open-ended contingency condition.

Planning on Selling? Most of us do, many times in our lives and we can help with our money saving full listing services solution including free move-ups for new home buyers. Discover a better way to sell now.

Selling Soon? Find Out What Your D/FW Home is Worth!