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How to Buy a Home When you Also Have a House to Sell

Paul Tosello

Looking for a Residential Real Estate Expert? Meet Paul, a Realtor with 37 years of experience and a background in residential construction...

Looking for a Residential Real Estate Expert? Meet Paul, a Realtor with 37 years of experience and a background in residential construction...

Jun 11 2 minutes read

Summary: You have 3 options

1. Find and buy a home first then sell

This is the least utilized option because many people are unable to qualify and buy a home before selling their house. However, if you can, this is the best option. This is because you have a better chance of winning the home you want.

2. Put your house on the market, close, then become the tenant

Preparing your home, pricing the home, and positioning your home will bring in the most possible buyers which gives you the chance to work with a buyer who can lease the property back to you up to 2 months. This makes you a stronger buyer because your offer will not be contingent upon the sale of your home. 

3. Write a contingent offer upon your house selling

This is the most desired but least successful. This is because when you're competing against buyers and submitting offers on houses with motivated sellers, the sellers will choose another offer. This will make the process very frustrating for you when you keep losing on houses.

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We wanted a team that was experienced
We had tried to move for two years In a row
Paul called us about 6-7 years ago

When we decided to sell our home in Southlake, we wanted a team that was experienced, used the latest technology and has proven results in our community. The Tosello Team delivered! They navigated the... Read full review

We had tried to move for two years In a row and we decided to try again and this time we decided on the Tosello’s. We wanted to move closer to our church and our kids school and we had heard many good things... Read full review

We have talked about down sizing and moving for years. Paul called us about 6-7 years ago and asked us if we were interested in listing. We told him that we were not ready to pull the trigger,. He continued to... Read full review

We wanted a team that was experienced

When we decided to sell our home in Southlake, we wanted a team that was experienced, used the latest technology and has proven results in our community. The Tosello Team delivered! They navigated the complexities of contingent offers, guided us in establishing the right sales price and used state of the art videos, photography and interactive technology in profiling are  home to the market. Their processes, phone app communications tools, updates and guidance made this transaction as smooth as possible.  I would highly recommend Colleen and Paul Tosello and the entire Tosello Team in representing you in your next real estate transaction. Jeff and Bev

We had tried to move for two years In a row

We had tried to move for two years In a row and we decided to try again and this time we decided on the Tosello’s. We wanted to move closer to our church and our kids school and we had heard many good things about the Tosellos. They were very professional and very responsive to all our questions. They were able to link us up with a very good mortgage lender that worked with us to enable us to buy before we sold and that was critical for us in this crazy market. We bought the home we wanted in the area we wanted to live and we sold our home for 20k over asking price within 1 week of listing. We could not be happier with our experience from using the Tosellos!

Paul called us about 6-7 years ago

We have talked about down sizing and moving for years. Paul called us about 6-7 years ago and asked us if we were interested in listing. We told him that we were not ready to pull the trigger,. He continued to follow up with us every 6 months or so. This went on for 6-7 years. Then we called Paul and said we wanted to put the house on the market in 3 weeks. The Tosello team made that happen, even with a planned vacation in there. The whole team gave us great advise to get the house "show ready". They helped us look at the offers and qualify the buyers. The house sold in the first weekend, for over our asking price. It was a very easy and plesant experience. Paul has continued to contact us on a regular basis to see if everything has gone well with the transition and Colleen has been helping us to try and find a building lot.

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