Overland Park Home Buyers

buying before selling your home in Overland Park

Have a House to Sell and Thinking about Buying before Selling?

If you’re anything like many of my baby boomer clients, you may want to sell your home and are thinking about buying before selling. Is this you? Are you looking for a certain type of house, in a specific area and don’t want to sell before you find the right house? I get that. I feel the same way. You also know you may not qualify to make two house payments. So you need a loan to secure the new house before you sell the current home.

Buying before selling

There are lots of terms for this type of financing…bridge loan, blanket loan, etc. One thing I know for sure, getting your next loan in order before buying your next home is mandatory if you expect to win in this real estate market.

Before you start looking for your perfect home, you’d better do three things (after talking with me of course):

  1. Talk to one of my preferred lenders (or yours) and get your finances in order
  2. Get your preapproval letter so you’re ready to be a home buyer
  3. Be 90% ready to list your house for sale because you’ll be sorry if you’re not

Download my FREE APP and get information about any house that’s not under contract when you drive by. Houses come on the market every hour of every day. If you’re not ready by doing the above 3 things, you’re going to miss out on an opportunity every time. I recently saw a house that I would have bought. Unfortunately, I wasn’t ready and I got up against a cash buyer before I could get my preapproval letter.

You know the real estate market is hot right now. While you’re thinking about how nice it would be to be living in a different home, you’re going to miss your chance. This is the exact same thing my friends Tom and Kathy experienced last year. You’re competing with buyers who don’t have a house. You have one. You just want a different one. Today’s buyers are willing to step up to the plate and pay extra money for the house they want. Can you compete? Yes you can but you can’t procrastinate with it. Get serious and let’s find you a house. Let’s come up with a strategy and make it happen!

There are very definite upsides to obtaining financing for the new home and buying before selling. Any type of financing you can put together with your lender is going to avoid the alternative options:

  1. You can always sell your home first and move to temporary housing (2 moves, hefty deposits plus the pain and expense of moving twice) or
  2. Sell your home and move in with family or friends temporarily (not a bad option if you can do it but you’ll still be making two moves) or
  3. You can be a smart seller and learn how you can buy before you sell

Buying a house depends entirely on your own personal financial situation and I highly recommend you sit down with a mortgage lender and discuss your situation. Every loan is different and yours will be unique to you depending on your income, debt, assets and liabilities. But miraculous things can happen when getting a home loan. I know that one personally.

Click here for an instant report regarding your home’s real value versus the Zillow Zestimate or call me for a FREE 20 minute walk through.

Our next one hour Buy Before You Sell Workshop is Saturday, June 10th in Overland Park. To register for this event, please fill out the following form. You may bring a guest but you do need a reservation. We will contact you to confirm your reservation with the time and location.

Or would you prefer us to come to you for a House Call? Please call me at (913) 515-3250 or contact me here and we’ll come to you at your convenience!

Buy Before You Sell Workshop

If you want to learn how you can buy your next house before selling your current home, please fill out the form below and we will be in touch shortly.

Today’s New Listings – Homes for Sale in Overland Park

  1. 4 beds, 2 baths
    Year built: 1968
    Days on market: 2
    Listed with Kansas City Regional Homes Inc
  2. 4 beds, 3.1 baths
    Year built: 0
    Days on market: 2
    Listed with Rodrock & Associates Realtors
  3. 4 beds, 3 baths
    Year built: 0
    Days on market: 2
    Listed with Rodrock & Associates Realtors
  4. 4 beds, 4.1 baths
    Home size: 6,904 sq ft
    Year built: 2017
    Days on market: 3
    Listed with BHG Kansas City Homes
  5. 4 beds, 3.1 baths
    Year built: 1966
    Days on market: 3
    Listed with Keller Williams Key Partners
  6. 4 beds, 4.1 baths
    Home size: 3,031 sq ft
    Year built: 1993
    Days on market: 3
    Listed with ReeceNichols Town Center
  7. 4 beds, 1 bath
    Home size: 1,332 sq ft
    Year built: 1932
    Days on market: 3
    Listed with Keller Williams Diamond Part
  8. 4 beds, 4.1 baths
    Home size: 3,788 sq ft
    Year built: 1991
    Days on market: 3
    Listed with Keller Williams Realty Partner
  9. 5 beds, 4 baths
    Home size: 3,299 sq ft
    Year built: 2013
    Days on market: 4
    Listed with Crown Realty
  10. 5 beds, 4.1 baths
    Home size: 4,501 sq ft
    Lot size: 1.15 ac
    Year built: 1991
    Days on market: 4
    Listed with Keller Williams Realty Partner

See all Real estate in the city of Overland Park.
(all data current as of 11/23/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

See all Overland Park Homes for Sale

 

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