How do I time selling my home and buying a new one?
Answered by Chris Deutsch, Founder & Editor
Licensed Minnesota Realtor #20382264 ·
The short answer
Perfect timing between selling and buying doesn't exist — but good timing is achievable if you plan it like a campaign, not a wish.
On stage The 60-second answer
Captions on · Transcript below
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The transcript posts with the video.
The longer answer
The ideal sequence
- Get pre-approved for both transactions (you need to know what you can afford carrying zero, one, or both mortgages)
- List your current home
- Accept an offer with a 60-day closing
- Start shopping for your new home immediately
- Make an offer with a closing date that aligns (or negotiate a rent-back)
The rent-back strategy: This is the secret weapon of the buy-sell combo. You sell your home, but negotiate to rent it back from the buyer for 30-60 days after closing. This gives you time to find and close on your new home without moving twice.
Most buyers will agree to a rent-back if the rent covers their mortgage payment. It's a win-win: they start earning equity, you avoid a temporary move.
The timeline reality: Most buy-sell combos take 90-120 days from list to move-in. The key is having your financing lined up before you start. The #1 cause of failed buy-sell combos? The buyer didn't get fully underwritten pre-approval first.
Don't wing it. Plan it.
The next department over
What people in this spot usually ask next.
- Buying processIs now a good time to buy in the Twin Cities?Read the answer
- Selling processIs summer a good time to sell?Read the answer
- The simultaneous buy-sellWhat tax implications should I know about when selling and buying at the same time?Read the answer
- The simultaneous buy-sellHow does a bridge loan work for buying and selling simultaneously?Read the answer
- Myth-busting & headline checksIs now a good time to buy with interest rates where they are?Read the answer
- The simultaneous buy-sellHow do I handle moving day when buying and selling on the same day?Read the answer
From the editor's desk
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