How to Simultaneous Buy and Sell a Gulfport Home

    Buying AND Selling Gulfport Homes

    Because your new dream Gulfport home might not close at the same time as your present dream home in which you are now living, it benefits you to be aware of some of the advantages as well as hazards of buying and selling at the same time. As it is a delicate balance to juggle, it is still possible, with a few tips to consider.buy and sell gulfport homes


    Sell Your Present Home First, Then Buy Your New One

    This may be the safest move, although multiple moves may be involved. Primarily, when the first move is completed, your furniture goes into storage. You would then move into a temporary rental or enter into a rent-back agreement with the new owner. You now know how much to spend on your new home. With less pressure, you will not have to take the first offer on your home or accept an offer that is below your asking price. It might be a bit disruptive if your dream Gulfport home search takes a long time.


    Buy Your Dream Home, Then Sell Your Present One

    There is less disruption in this plan; you move into your new home when ready, all the while preparing your old home for sale. Working best if your home is paid off, you might find yourself paying two mortgages at the same time. You can also rent out your old home, but you will be responsible for its repairs, renovation or upkeep.


    Sell and Buy at the Same Time

    You might face one of the scenarios above if the time frame does not work; the financial aspect must have good timing. Bridge financing may allow you to own both homes at the same time; it may involve borrowing money from family or a short term loan from the bank to cover the time period between the closing of your new home and the selling of your old one.


    For more information about how to buy and sell your Gulfport home, please contact us at (228) 275-7500.

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    Testimonials

    We contacted Amanda & Associates in December 2015 and was put in contact with Jordyn Favret. From day one, Jordyn was thorough and professional. She went above and beyond to deal with an extremely difficult seller even spending hours in the evening and on the weekends to close the deal on the property. Jordyn answered all of our questions and when she didn’t know the answer, she made the effort to investigate it and get back with us in a timely manner. She met with the rental manager and viewed …
    Tami McGurk