Once you’ve weighed the pros and cons of whether to list first or make an offer first, it’s time to look at the logistics. Managing simultaneous transactions requires a high level of coordination. Here is the proven roadmap I use to guide my clients through a seamless transition.

1. The Financial Audit: Once we have established a price range for your current home, I will run you net sheets within that range so you can see how much equity will be available from your current sale to fund your next purchase. This is essential information for you to provide your lender in the pre-approval process.
2. The Strategy Session: Based on market conditions, we decide on the best path forward. This may involve writing an offer contingent on your sale or negotiating additional time in your current home after the sale is finalized.
3. Launching your Listing and Perfecting your Home Search: These happen concurrently, based on the determined strategy. If we are writing a contingent offer, your home will need to be listed within 5 business days. If we find a buyer for your current home first, we will need to act quickly to find you the right next home.
4. Negotiating the Simultaneous Contract: I work to align the closing dates of your sale and your purchase. Ideally, we aim for back-to-back closings to minimize any gap between homes. This is where thinking outside of the box and relying on my experience comes into play – we will examine all options to make this transition as smooth as possible.
5. Managing the Inspection Period: We navigate two sets of inspections and potential repairs. My goal is to protect your equity and your liability exposure during the sale while ensuring your new home is a sound investment in acceptable condition for the contract price.
6. Final Verifications: We conduct final walk-throughs for both properties, which means verifying that your old home is ready for the new owners and ensuring that your new home is in the condition promised. At this time, we will also coordinate the exchange of invoices and receipts as necessary, so that both you and your buyers are comfortable with any of the work that has been done.
7. The Double Closing: The escrow and title teams arrange for the signing of documents and coordinate the transfer of funds. When you sign the final documents for your sale, those proceeds are immediately applied to your new purchase at closing.

This may sound like a lot – but I will be there to help through every step of the process, ensuring you know what to expect and that you will never have to navigate it alone.