Joanne McDonnell, REALTOR
Joanne McDonnell, REALTOR
  • Home
  • Somerville Featured Home
  • Buy
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  • Buy & Sell
  • Get to know Joanne
  • More
    • Home
    • Somerville Featured Home
    • Buy
    • Sell
    • Buy & Sell
    • Get to know Joanne
  • Home
  • Somerville Featured Home
  • Buy
  • Sell
  • Buy & Sell
  • Get to know Joanne

When Both Buying and Selling

With the Right Plan, It Comes Together

Buying and selling at the same time can feel overwhelming at first. There are more moving parts, more decisions, and often more at stake. With the right plan in place, however, the process can come together more smoothly than many people expect. Starting with a clear understanding of goals, timing, and priorities allows decisions to be made thoughtfully rather than reactively. Early planning helps reduce stress, create options, and set the foundation for a coordinated move that feels manageable from the start. 

Deciding What Comes First

One of the biggest questions when buying and selling at the same time is whether to move first or sell first. There’s no single right answer. The right sequence depends on your goals, comfort level, financial position, and how much flexibility you want throughout the process. An agent experienced in these types of moves helps bring structure to that decision, looking at timing, personal priorities, and market realities together. For many, equity in the current home becomes part of that conversation, helping shape what makes sense and when. 

Understanding the Financial Path

A common concern at this stage is how to purchase a new home when most of the money is tied up in the current one. That’s where equity often becomes central to the plan. Many people need to bridge the gap between selling and purchasing, and while options like bridge loans exist, they can be costly and aren’t always the right fit. In other situations, accessing equity earlier can create more flexibility, depending on how the move is structured and coordinated with a knowledgeable lender. An agent experienced in these situations helps ensure financing decisions support the move rather than complicate it. 

Prepared and Ready

The decision to buy first or sell first shapes how the rest of the process unfolds. Moving forward with one part of the move while being fully prepared for the other helps keep momentum without creating unnecessary pressure. When a purchase comes first, having a home ready to market quickly can significantly limit the time owning two properties. In cases where selling happens first, the leverage often available in a seller’s market may allow for short-term flexibility, such as remaining in the home briefly after closing. The key is preparation on both sides, with a solid plan in place before action is needed.  

Seeing It Through to Closing

Seeing both sides through to closing works best when the process is guided step by step, without feeling overwhelming. Each stage is managed thoughtfully, from preparing the home for market to navigating negotiations and tracking deadlines. Questions come up often, and having the same person available for calls or texts makes it easier to talk things through as they arise. Coordination with lenders, attorneys, and inspectors happens behind the scenes to keep everything moving smoothly. Before long, the focus shifts from managing details to settling into a new home. 

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