Selling your house AND buying a new one can be a lot of work, especially in a competitive and fast-paced market like Sacramento. However, with the right approach and some helpful tips, you can make the process smoother and less stressful. We’re sharing five tips to help you sell your house while trying to buy a new one in Sacramento or beyond:
1. Plan Ahead 📝
Before you start looking for a new home or putting your current house on the market, you have to have a plan! Start with considering your budget. How much do you expect to afford based on your preferred location, size, and style. If you’re selling your house here in Sac, hiring a real estate agent who is familiar with the local market can help you navigate the buying and selling process. Going into the process with a clear picture of what you want and need will make it so much easier to stay focused and make informed decisions during this process!
2. Get Your Finances in Order 💰
Buying and selling a house requires a significant chunk of money, it’s important to get your finances in order BEFORE you start the process. This means assessing your credit score, saving for a down payment, and determining how much you can afford to spend on a new home. If you’re selling your home, it’s important to make sure you have enough equity to cover the cost of buying a new one, including closing costs, moving expenses, and any repairs or renovations you may need to make.
3. Be Flexible!
In a competitive market like Sacramento, it’s important to be flexible when it comes to buying and selling. This could look like being open to different neighborhoods or types of homes, or being willing to negotiate on price or closing dates. If you’re selling your house, consider offering incentives like a home warranty or paying for closing costs to make your property more attractive to potential buyers. If you’re buying a new home, be prepared to act quickly and make a strong offer to stand out from the competition!
4. Timing is Key ⏰
Timing is EVERYTHING when it comes to buying or selling a property. In the Sacramento Valley, the real estate market can be seasonal, so it’s important to know when best time to buy or sell is. Typically, spring and summer are our busiest seasons, but this also means more competition and potentially higher prices. If you’re selling your house, consider listing it in the fall or winter when there may be less competition. If you’re buying, consider waiting until the off-season to make you move.
5. Communicate Clearly!
Effective communication is ESSENTIAL when buying and selling. Make sure you communicate clearly with your agent, lender, and any other parties involved. This means being clear about your budget, timeline, and any specific wants or needs! If you’re selling, be prepared to answer questions from potential buyers and provide accurate information about the property. If you’re buying, make sure you understand the terms of your mortgage and any other agreements before signing on the dotted line. Don’t hesitate to ask questions! It’s a complicated and lengthy process, especially if its your first time.
Buying and selling a house in any city can be challenging, but with a solid plan and some helpful info, it’s possible to bring your real estate goals to life! Planning ahead, get your finances in order, stay flexible, and communicate clearly and you’ll be on the path to a smooth real estate journey.
Ready to buy or sell? MegaBliss Real Estate Inc. is here to help! Reach out to us today to learn more about how we can make the process as Blissful 😉 as possible! (916) 949-6929