Pat Starnes Snippets

How Can I Buy A House and Sell Another Simultaneously?

My phone rang and a former homebuyer asked "How can I sell my current home while simultaneously buying a new one?" This young couple has lived in their Brandon MS home for three years and now wants to move to a larger home with a shorter commute.

 

Rather than jump in the car and start looking at homes, I explained the process to my client. My first suggestion was to redirect them to their lender (who provided excellent service when they purchased their first home) to determine what price range they would now qualify for, factoring in increased wages, current financial obligations, etc.

 

My next course of action is to take a look at the value of their current home and determine the amount of equity they would have upon selling. 

 

After talking to their lender and preparing a market analysis, if the numbers work, we will begin the process of placing their current home on the market while shopping for their next home.

 

I explained that buying and selling simultaneously is challenging, but it CAN be done. It is a PROCESS and this couple is asking all the right questions. I appreciate clients who ask for my help, trust me to explain the process and then follow the correct approach.

 

My clients rock!

 

Boulder Photo by Pat Starnes

Repeat satisfied clients are the cornerstone of my business. 

 

If you are in the market for a new or resale home in the Brandon, Pearl, Reservoir, and Flowood area, it would be my pleasure to assist you.

Written and Published by Pat Starnes REALTOR

Join ActiveRain for Free - Pat Starnes   facebook   google plus   twitter   linkedin   pinterest

Pat specializes in Residential and New Home Sales 

Primary Service Area:

Brandon, Pearl, Ridgeland, Flowood, Madison and the Ross Barnett Reservoir area

 Pat Starnes, Broker Associate

Front Gate Real Estate, 6700 Old Canton Rd., Suite C

Ridgeland, MS 39157

601-991-2900 - Office

601-278-4513 - Cell

 

Recent Blog Posts by Pat Starnes:

 

Greenfield Station in Brandon MS Continues to Grow

Six Easy Tips to Save Money on Your Home Inspection

Should You Consult a Realtor When Buying New Construction?

Homes for Sale in Scottish Hills ~ Brandon MS 39047

Homes for Sale in Hidden Hills Subdivision, Brandon, MS 39047

Homes for Sale in Castlewoods Subdivision, Brandon, MS 39047

Gardens of Manship Neighborhood Information - Brandon, MS 39047

 

Are you looking to buy or sell a home in the Brandon MS market? Call me!

Comment balloon 6 commentsPat Starnes-Front Gate Realty • September 01 2016 03:58PM
How Can I Buy A House and Sell Another Simultaneously?
share
My phone rang and a former homebuyer asked "How can I sell my current home while simultaneously buying a new one? " This young couple has lived in their Brandon MS home for three years and now wants to move to a larger home with a shorter… more
Should I Meet the Neighbors BEFORE Signing On The Dotted Line?
share
Buying a house is a major investment. If you're like most people, you will live in your home a minimum of five years, maybe more. It's important to learn everything you can about your potential new home, and neighbors can play a big role in that… more
FOR BUYERS: THE FUTURE HAS MANY PATHS - CHOOSE WISELY
share
Choosing the right real estate agent for you is probably the most important decision that you’ll make all day. Make sure you carefully consider what it is that you’re looking for before reaching out to an agent in order to streamline the process. I… more
The Ten Commandments of Buying a Home
share
You've found the home you intend to buy, and your offer has been accepted. Should you go on a spending spree to furnish this dream home??? NO!!! This list should more appropriately be called "What Not to Do Between Contract and Closing"… more
5 Things Home Buyers Should NOT Do
share
Thanks to Thom Abbott of My Midtown Mojo (Atlanta) for the following "what NOT to do" list when planning to buy a new home. As Thom said, we do this every day, so it's like second nature to us, but home buyers are not aware of the steps… more