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Buying & Selling Your Home at the Same Time: Real Estate Industry Secrets by Railton North + Co

Buying & Selling Your Home at the Same Time: Real Estate Industry Secrets by Railton North + Co

Buying and Selling Your Park City Home at The Same Time Doesn't Have To Be Stressful

Selling your home can be an overwhelming experience. While you may be excited about moving out and getting a fresh new start, making your home market-ready can be a lot of work. Not only do you have to ensure your home is showroom-worthy for prospective buyers, but you also have to pack up years' worth of memories and get ready to move out simultaneously. In many cases, you are also searching for a new home while trying to sell your current home, and if your ability to afford a new home depends on you selling your existing home, this puts you under a lot of pressure. So how do you handle finding Park City townhomes for sale and selling your Park City home simultaneously?

By following this guide on buying and selling your home simultaneously, you can take the guesswork out of navigating the local real estate market and focus on what's most important. From start to finish, here's how to easily buy and sell your home. 

Find the right agent for the job

Trying to list your home while searching for a new home can take time and premier management skills. Fortunately, with the right resources, you can simultaneously make buying and selling your home work for you. This begins with hiring the right Park City real estate agent for the job. When choosing your listing agent, you will want an agent who is familiar with the local market. Ideally, they should have proven success selling listings in your community or at least have worked with buyers who purchased a home in your neighborhood. So what are some other qualities your Park City Real Estate agent should possess? Ideally, your prospective agent should have these traits:
  • Exceptional communication skills
  • Industry experience
  • Familiarity with your local market
  • A strong sense of integrity
  • A comprehensive marketing plan for your home
  • Excellent follow-through
If you are considering a few candidates for the job, start interviewing agents. Above all else, you want to work with someone reliable and trustworthy. Ideally, you should also work with the same agent as your listing agent and buyer's agent. Working with the same agent for both sides of the transaction can save you time and energy, helping you find your new home sooner. Once you have hired your agent, the real work begins.

Prepare your home for the market

When it comes to buying and selling real estate at the same time, timing is everything. The purchase of your new home will depend heavily on successfully selling your current home, which is why you need to prepare your home for the market.

First and foremost, you will need to figure out a listing price for your property. How do you know how much to sell your home for? If you work with an experienced agent, they will present you with a comparative market analysis (CMA). The CMA will feature recently sold homes in your neighborhood that are most similar to yours. Ideally, the comparable properties should be similar in age, size, and condition to your home and have sold within the last three to six months. From there, your agent will recommend a list price for your home.

Once you and your agent agree on a list price, they will assemble a cutting-edge marketing plan using proven tactics to sell your home. Here are some recommendations your agent will likely have for your listing:

  • Clean your home from top to bottom
  • Declutter every space in the house
  • Focus on curb appeal
  • Finish projects around the house
  • Hire a professional stager to showcase each room
  • Hire a professional photographer/videographer for quality listing images
By following these recommendations, you will get your home market-ready and start attracting qualified buyers to your listing. From there, it's only a matter of time before you find the right buyer for your home. You may want to take a look at these 9 Tips on Selling Your Park City Home For Top Dollar. 

Start your house hunt

Once your house hits the market, you will need to start thinking about buying your new home. Consider the reasons why you are selling your home in the first place. Is your current home too big or too small? Are you moving to a different location? What are your 'must-haves' in your new home? Think about what you need from your new home that your current home doesn't already provide.

This is where working with the same agent on both sides of the transaction is a significant benefit. Your agent understands your needs and can help you find a new home that boasts all of your must-haves. Once you have honed in on what you want, start your house hunt.

Ideally, your agent will take you to listings in your ideal location and within your price point. While touring these listings, be sure to observe every room and space. What are some of the features of these homes? Do they have the most essential items on your wish list? What do these homes have that your current house doesn't? You may need to tour a few homes before finding the right one. Once you find your ideal home, act fast! Work with your agent and submit your strongest offer. Once you have an accepted offer, you are one step closer to securing your dream home.

List your Park City home today

Are you searching for the perfect home? Whether you are searching for Park City townhomes for sale or single-family homes, you need local real estate experts by your side. Let the team Railton North + Co at Homes Park City take care of the headaches for you and move forward with confidence knowing you are in good hands. Backed by over 30 years of industry experience and local market expertise, Sean Railton and Alli North will go above and beyond to help you find your next property. If you're ready to take your home search to the next level, give us a call today! We know Park City real estate!

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With over 30 years of experience in Park City and Deer Valley real estate, we know the Park City area and market inside and out. Let us help you find your dream home!