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How to Sell a Property When Also Purchasing Another One

Wednesday, February 6, 2019   /   by Holly Northup

How to Sell a Property When Also Purchasing Another One


There are many great Austin area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (512) 794-6644 for a FREE home buying or selling consultation to answer any of your real estate questions.

A lot of clients are asking me whether they should buy a home before selling their own, and to answer correctly I will need to lay a few things out first. Buying a home before selling one will work for some people, but by and large, I do not recommend doing this. It's a big financial risk, and can also get very complicated logistically.

  • I would recommend getting your current home under contract beforehand: Once you've done this you can begin searching for a new property. People often get swept up in looking for a new home, but you need to be patient.

  • Carrying Two Mortgages is a Burden: Dealing with two mortgages is a big financial risk and is also something that most people simply cannot handle. This is a strain that should be avoided at all costs.

The best thing you can do in this scenario is to find a good realtor who can get your home sold quickly and also for a great price. At that point you can go and make an offer on a property that you really desire.

If you need any help in buying or selling a property, or if you have any questions in general, you can reach me at (512) 794-6644 or email me at KathleenBucher@mac.com
The Bucher Group | Austin Portfolio Real Estate
Kathleen Bucher
1801 S Mopac Drive Expy, Ste. 100
Austin, TX 78746
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Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2020.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: January 21, 2020 Texas law requires all real estate licensees to provide this link to Information About Brokerage Services:www.trec.state.tx.us/pdf/contracts/op-k.pdf