Episode 23

How to Buy and Sell A House at the Same Time

The process of selling your home can be very time-consuming and stressful, especially if you’re trying to sell it at the same time as you are buying a new home. However, if you plan ahead and execute a strategic process, it doesn’t have to be that difficult. There are a few ways people generally buy and sell simultaneously, which include:

>> Selling the house first and then buying the house right after. This rent-back method allows sellers to stay in their homes for some time even after the sale.

>> The contingent method, where you would sell your house and close it contingent, and buy the next home contingent upon that sale. 

>> Buying the house you want and then coming back and selling your house

In this episode of the How To Sell A House podcast, Loren, Chris, and Cassidy explore efficient ways on how to buy and sell a house at the same time.

What you’ll learn:

  • What does contingent mean in real estate? Depending on certain circumstances, when a house is listed as contingent, it means that an offer has been accepted. But before the deal is complete, some additional criteria must be met. 
  • How to buy and sell a house during the same timeframe at the same time.
  • Rent back method: Renting your house back from the person who bought it from you.
  • Buy your home contingent if you’d like more security.
  • The last is buying a home before selling one; this is often done by taking a bridge loan.
  • What’s going on with the free-rent-back deals?
  • What is a contingent offer? 

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About the Podcast

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How to Sell a House
Everything you need to know about how to sell your house