Selling and Buying a Home Simultaneously - We Can Help!

Are you already a homeowner but now find yourself desiring more room, more yard, just more space!? Well in this highly competitive and active Hawaii real estate market, being on your "A" game is essential, especially if you need to sell before you purchase.  

Many homeowners find simultaneously selling and buying very frustrating, essentially putting the cart before the horse. This type of process is an "art" and I’ve successfully worked with many clients looking to simultaneously sell their home while at the same time, buy their next home.  

Fear of Selling

Selling and buying a home at the same time raises many questions for the seller “What if I can’t find a replacement property?” “What if my home falls out of escrow?” The good news is there are options to consider that can overcome these common fears.

It’s All About Timing

To sell and buy simultaneously, you need to prepare for all possibilities and scenarios, including buying first and then selling or selling first and then buying. Finding your dream home may be easy, but in today’s competitive market, it may have three offers on the table already. To ensure you have the most competitive offer, you need to come to the table with a preapproval letter from your lender.

Another safe bet is to arrange bridge financing. This allows you to own two homes for a short time by either borrowing money from family, or getting a short-term loan from your lender to span the time between when you close on your new home and sell your old one. Essentially, it’s a HELOC, or Home Equity Line of Credit on your present home and you are using it as a down payment on your new home. When your first home sells, you repay the loan. If you are considering applying for a HELOC, it’s best to do it before you put your house on the market.

Schedule the closing date on the sale of your old home after the closing date on the new home. This allows you to stay in your present home until you take possession of your new home. Otherwise, you can attempt to negotiate a rent-back arrangement.

Finding the Right REALTOR ® for You

Selecting an experienced and licensed Real Estate Agent is essential because competing in this highly active market requires strong negotiating skills and a broad understanding of Hawaii's unique real estate market. Additionally, at Prudential Locations, we extend to our clients direct access to the most complete, established network of resources presently available. Our job is to make your home selling and buying experience a seamless one. I will sit down with you and find out your needs and concerns, and then together we can derive the best options to move forward. Over the past seven months, I have successfully transacted two (2) clients with a sell/buy.

Andy H Testimonial

"Kathy was great; I could call her anytime to talk things over. Buying and selling at the same time was hard for me, but she helped me out a lot. Kathy was the best!"

Gary V Testimonial

"Kathy was the key component for a flawless sale from my point of view. I know that it took a lot of mediation and careful planning on her part to ensure that the sale of my home was completed. Kathy made everything happen. She also removed any and all obstacles effortlessly, making a stressful situation like buying my new home trivial. She is the best realtor I’ve worked with and I've already referred her my friends."

Selling your home in a competitive market seems easy, but finding a replacement property at the same time may prove more difficult. I work hard for my clients helping eliminate the stress of selling then buying a home simultaneously. If I can be of help, please contact me for a detailed proposal.

Kathy Cole (RA)

Prudential Locations, Diamond Head;
614 Kapahulu Avenue, Suite 200
Honolulu  HI   96815

Office: (808) 735-4200 
Office Fax: (808) 732-5096
Direct Line: (808) 384-5874
Mobile: (808) 384-5874
Email: kathy.cole@pruhawaii.com 

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