How to Buy and Sell a Home at the Same Time in Roseville: A Step-by-Step Guide

Buying a new home while selling your current one can feel like juggling two big projects,

but it’s definitely possible with the right approach. For Roseville residents, the process has some unique aspects based on the local market and neighborhood demands. Here’s a step-by-step guide to help you navigate buying and selling simultaneously, whether you’re upgrading, downsizing, or relocating within Roseville.

1. Understand the Local Market Conditions

The first step in successfully buying and selling at the same time is understanding the Roseville real estate market. Is it a buyer’s market, a seller’s market, or balanced? In a seller’s market, you may have an easier time selling your current home, but competition for buying will be high. In a buyer’s market, finding your next home could be more straightforward, but you might need to be patient with your sale. Consult with a local real estate agent to get a clear picture of current trends in Roseville.

2. Determine Your Financial Position

Before diving in, make sure you’re financially prepared for this dual process. Start by asking:

• How much equity do you have in your current home? Understanding your home’s value and the proceeds you could earn is essential for planning.

• Do you qualify for a bridge loan? This can give you temporary funding if you need to buy a new home before your current home sells.

• Will you need to coordinate closing dates? Many homeowners aim for a "simultaneous close" where the sale and purchase happen on the same day. It’s challenging but can help simplify finances.

3. List Your Home First or Buy First? Weigh Your Options

Deciding whether to buy or sell first is one of the biggest questions you’ll face. Here’s how each option typically plays out in Roseville:

• Selling First: This can be a safer financial choice, especially in a seller’s market. With a confirmed sale and closing date, you’ll know exactly how much you can spend on your new home. However, you may need temporary housing if you haven’t found your next property yet.

• Buying First: This approach works best in a buyer’s market, where finding and closing on a new home might be easier. It allows you to move at your own pace and avoid a temporary living situation. However, you’ll need to be financially prepared to potentially carry two mortgages for a short period.

4. Get a Contingent Offer Plan in Place

In Roseville, as in many competitive markets, buyers can make a contingent offer on a new home—meaning the offer depends on the sale of their current home. This option reduces your financial risk since you only proceed with the purchase once your existing home sells. However, keep in mind that contingent offers may be less attractive to sellers, especially in a hot market. Discuss strategies with your agent to present the best possible offer if you go this route.

5. Prepare Your Home for a Fast Sale

To keep your buying and selling timelines aligned, it’s essential to make your home as market-ready as possible. Consider a few key steps:

• Declutter and depersonalize to create a clean, neutral space.

• Make small repairs or upgrades like fresh paint, new fixtures, or landscaping touch-ups to boost curb appeal.

• Stage your home so buyers can envision themselves in the space. Homes that are staged typically sell faster and for a higher price.

An experienced local real estate agent can provide advice on what updates matter most in Roseville’s market and even connect you with staging resources if needed.

6. Leverage Temporary Housing Options

If you sell your home before finding your next one, you might need temporary housing. Here are some options:

• Short-term rental: Many rental companies offer furnished, short-term leases, especially near Roseville.

• Extended stay hotels: These are typically furnished with kitchens, making them a practical choice if you need housing for a few weeks or months.

• Stay with family or friends: This could be a cost-effective option if it’s feasible.

Remember, the flexibility of having a temporary home can relieve some of the pressure when coordinating two major transactions.

7. Coordinate Closing Dates

The ideal scenario is to schedule a simultaneous closing, where your current home sale and new home purchase happen back-to-back. This timing allows you to seamlessly transition from one home to the other without the need for temporary housing or storage. Working with a real estate agent who understands the Roseville market can be invaluable in managing these logistics.

8. Work with a Local Real Estate Expert

Having an experienced real estate agent is crucial to navigating the complexities of buying and selling at the same time. A local agent can:

• Guide you on pricing and preparing your home for sale.

• Help you find your ideal next home, even in a competitive market.

• Negotiate on your behalf to secure favorable contract terms, whether through contingencies, flexible closing dates, or competitive offers.

At The Cannon Home Team, we specialize in helping Roseville residents coordinate the buying and selling process smoothly. We understand the unique market dynamics in Roseville and have the resources and experience to ensure your transition is as stress-free as possible.

Buying and selling a home

simultaneously in Roseville requires planning, patience, and a clear strategy. By understanding the market, preparing your home for a fast sale, and working with an experienced local agent, you can make this dual transaction a success.

If you’re considering making a move, reach out to The Cannon Home Team today. We’re here to help you navigate every step of the process with confidence!