Upgrading to a New Home, What Should I Do: Sell First or Buy First? – Oakland Berkeley East Bay Area

What Should I Do: Sell First or Buy First? 🏘

Planning to sell your house and buy a new one? Are you feeling cramped in the home that was once perfect? Whether having another baby or an older child move back home, or maybe even a parent or another family member joining the ranks, or maybe the just living space is fine but with our new normal and you’re both working from home and the kids need space to do their online classes and their homework and maybe it’s feeling a little tight.

Setting up work in the dining room or the family room it’s just a hassle, and often these spaces have too many distractions! Over the last year it has become apparent that maybe you just need more space – a bigger house with a dedicated office or maybe even another flex room as a learning and earning space. The catch is, you’re not alone. Lots of people are in the same situation, looking for the same things, and inventory is low! That’s a great thing when you are planning to sell your house but what about finding a new one that meets your needs better?

Navigating a busy seller’s market with low inventory can be a real challenge. How do you coordinate selling and buying at the same time? Should you list first or find a new house first? I’ve been helping people sell and buy in Oakland and the Greater East Bay area for years and have helped many clients navigate successful transactions like this.

In a seller’s market, sellers probably won’t accept any contingencies especially if your current home isn’t even listed yet – but there are some great options for you as a seller though. One is a seller lease back – this means that you can stay in the house after closing for a negotiated amount of time so that you can find and close on your new home. Another option is to extend the escrow period – meaning that you close in 60 days instead of 30 to give you a little more time on your buying side. These ideas can also be helpful when strategizing the offer you make on the new house. If you’re thinking of selling and buying in Oakland or the Greater East Bay area, I would love to assist you.

I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit. 

Why not check out one of my no-obligation, online, On-Demand, virtual Real Estate Seminars?



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