09/04/2026
How to buy and sell at the same time — the most stressful scenario in real estate, and how I help clients navigate it.
The challenge: you need to sell your current home to fund the purchase of the next one. But you also need a place to live between those two events, and the timing almost never lines up perfectly. Here are the main strategies, each with trade-offs.
Sell first, then buy. You sell your current home, close, and move. Then you find and buy the next one. Upside: you know exactly how much money you have to work with. Downside: you need somewhere to live in the gap. Short-term rental, family, or temporary housing.
Buy first, then sell. You buy the new home, move in, then sell the old one. Upside: you only move once. Downside: you need to qualify for two mortgages at once(unless paid for in full), or use a bridge loan or HELOC, or dip into reserves. Not everyone can.
Contingent purchase offer. You make the purchase offer contingent on the sale of your current home. Upside: no double-carry risk. Downside: sellers in competitive markets often decline contingent offers in favor of cleaner ones.
Simultaneous closing. You try to close both transactions on the same day or within a day or two of each other. Requires precise coordination, but when it works, it is the cleanest.
Rent-back agreement. You sell the home, but negotiate a short-term lease with the buyer to stay for a few weeks while you close on the next one. More common than you might think, and often a great bridge.
Which is right for you depends on your financial situation, the current market, and your tolerance for risk and inconvenience. This is a conversation worth having early — before you list or start shopping — so you have a plan that actually works.
If you are thinking about a move like this, let us talk through it. DM me. Link in bio.
Agency Iowa
515-214-8586/910-391-4554
[email protected]
Licensed to buy/sell real estate in Iowa