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Buy and Sell a Home at the Same Time

Is it possible to buy and sell a home at the same time?

In this article, we will discuss the options you have if you decide to buy and sell a home at the same time. We will also show the available options for you before making a decision about whether to buy or sell your home first.

One of the trickiest situations that can exist in real estate is when a person has to buy and sell a home at the same time. Continue reading to learn the different options and techniques on how to buy and sell a home simultaneously.

Buy and Sell a Home at the Same Time

Options to Buy Your New Home First

1. Make an offer on a home with a sale and settlement contingency.

Worried about selling your home too quickly and not being able to find another one to buy?

Find your dream home first, and then make an offer with a “sale and settlement contingency.” This means that your offer is contingent upon your current home selling. However, please take note that in a competitive market this option is not advised.

At The Stampini Team, we guarantee the sale of your home if you’re working with us so you don’t have to worry about it.

Also Read:  Why Use Our Real Estate Team to Buy A Home?

2. Use personal savings, a HELOC or bridge loan.

Most people can’t afford to pay for two mortgages at the same time or buy with cash. If you don’t have available savings, you can use a HELOC or Bridge loan. These loans can be used to cover the costs of purchasing while paying the mortgage on the old home.

If monthly income or cash flow is not an issue, you may be wise to opt for the HELOC. But if your money is tight, you may want to go with a bridge loan.

3. Rent out your current home to cover your new mortgage.

Does it make financial sense to rent out your current house and purchase a new one?

Yes, it makes financial sense if you can find renters who are willing to pay more than what you owe on monthly mortgage payments and what it costs to maintain your home. The downside is the need to have a down payment saved.  Also, being a landlord comes with a lot of stress and responsibility.

Options to Sell Your Current Home First

  1. Put in an offer on a new home with a settlement contingency.

As soon as you market your home, start looking at places to buy, but don’t make any offers yet. Start submitting an offer on a new home once you’ve accepted an offer on the current home that you are selling. It’s important to know exactly what you’re looking to buy so you can make an offer as soon as you find it. When you make the offer on your new home, you can include what’s called a “settlement contingency.” This means that your offer is contingent on your current home selling by a specified date. If it doesn’t sell by that date, you can pull out of the deal. Note that this may make your offer less competitive.

  1. Sign a rent-back agreement with the owners of your new home.

A rent-back agreement is when the buyer allows the seller to stay in the home for an agreed-upon period of time, in exchange for rental payments. If you negotiate for this when you sell your house, you can stay in your home while you search for a new one; you just have to pay rent to the person who bought your house. Warning: this may reduce the number of offers on your home.

3. Find a temporary rental to live in while you search for a home.

If you can’t get a HELOC or Bridge loan and need the money from the sale of your home to buy a new one, this is the best option for you. You can sell your home and move into a rental while you search for your dream home. This is a hassle but enables you to make an offer on a home without a sale and settlement contingency.

Before selling your home, it’s extremely important to make sure your home is market-ready. One of the best ways to get your home market-ready is to get advice from a local real estate professional. A real estate agent who is an expert in your local area will know what you should do prior to your home being listed for sale.

Buy and Sell Pros and Cons

Key takeaways:

  • Selling your home first could be a good strategy if you have time or issues qualifying for your next mortgage. But you may also expose yourself to the risk of making new financial mistakes, like hurriedly making an offer on a not-quite-right home in order to reduce the time you spend living in limbo.
  • Buying a home before selling your current house can lessen the hassle of moving twice and living in limbo, especially if you have to move by a specific deadline — for example, to start a new job or kick off the school year.
  • HELOCs (home equity line of credit) and Bridge Loan are the usual financing tools people use for short term financing to facilitate the purchase and sale of a home.
  • Most buyers need to sell their existing home to purchase a new one, especially when “trading up” to a more expensive house. A home sale contingency gives buyers the time they need to sell and settle before committing to a new home. Buyers can avoid owning two homes and holding two mortgages at one time while waiting for their own home to sell. A home sale contingency can also make for a seamless transaction: the buyer can sell one home and move into the next since the new home is already “locked in.”


To buy and sell a home at the same time, it’s important to understand exactly what to expect throughout the process.

In most situations, we strongly recommend that you sell your existing home prior to buying a new home. It generally will make the process less complicated and also can be significantly less stressful and devastating.

Watch the video below to learn more about how to buy and sell a home at the same time in South Florida!


Every month, thousands of homeowners in South Florida are faced with what we call, Real Estate Catch 22. The stressful dilemma of whether to buy first or sell first. If you buy before selling, you could run the risk of owning two homes. Just as bad, if you sell first, you could end up homeless.

Buy and Sell a Home at the same time can be a stressful task. If you sell first, you could end up with no place to live until you find your perfect home. If you buy first, you might get stuck having to pay two mortgages at once. Contact an experienced real estate agent to review your options.

Whether you are South Florida home buyer or seller, working with a dynamic, knowledgeable, and ethical professional is essential. Contact us now to make sure you get the best price and the best service throughout the real estate process.

Looking for your perfect real estate match? Finding your dream agent is easy with The Stampini Team. Our team consists of top South Florida and Boca Raton real estate agents to help you with any of your real estate needs! Call us today at 561-500-5747. Or feel free to share our contact information with anyone you know that needs expert help in buying or selling their home in the South Florida area.



To discuss the details of this incredible option, call directly at 561-500-5747

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