The Safe Move - How to Sell and Buy at the Same Time

25 Oct 2023| Posted by: Dave Tidbold

If you want to sell your home and buy another, which comes first – selling or buying? There seems to be dangers whatever you choose.

If you sell first, you have nowhere to live. If you try to buy first subject to the sale of your property, you will be competing with other buyers who have the money ready to go.

Here's a fact you need to know - approximately 80% of people who try to buy a house subject to the sale of their own house are not successful.

So, what do you do – sell first or buy first? The answer is neither. Instead, do them both at the same time. It’s the safest way. Plus, it gives you complete control with low pressure. We call this "The Safe Move".

The Safe Move - How To Buy And Sell At The Same Time

First, you place your home for sale. Placing your home for sale does not mean selling your home. If you list your home for sale, you can at any time change your mind, and as the owner you can sell under your conditions - that you will not sell before you find another home to buy.

The solution to selling and buying at the same time and removing all the risks is to take it one step at a time. Here are four simple steps that make selling and buying at the same time, safe and easy.

Step 1: List Your Home for Sale - Listing your home for sale does not mean selling your home.

Step 2: Find a Buyer for Your Home - We will find a buyer who will accept the condition of you finding another home before you sell, and then we will negotiate the best price and best conditions that suit you. Most buyers are prepared to give you one of the following options:

• Several weeks to find a suitable property to buy. With this option the buyer signs a contract to buy your property and you sign nothing, or a special condition is added whereby you can decide not to proceed if you cannot find a suitable home to buy.

• A flexible rent back option is written into the contract of sale.

• A longer settlement period of 90-120 days.

Step 3: Find a Home to Buy - You can now find a home and make a confident offer knowing your finances and settlement date.

Step 4: Sell old home. Buy new home - Once you have completed the purchase you can now sign off on your property’s contract of sale knowing everything will all line up smoothly. The contract to buy your new home will be conditional upon the sale of your old property becoming unconditional and settling on the same day.

Remember, if you sell with us you will be safe. We offer you our SMARTRE SALE Strategy which includes a NO SALE, NO CHARGE service with ZERO upfront advertising costs, and of course a written SERVICE GUARANTEE.

If you would like to discuss these steps of selling, please feel welcome to call us anytime on 3207 6000.