Buying a new home while selling your current one can feel like a juggling act. On one hand, you’re excited about moving into a new place; on the other, you’re anxious about selling your home quickly and for the right price. Doing both at the same time is possible—it just takes the right planning, strategy, and support.

In this guide, we’ll walk you through how to successfully buy and sell simultaneously without unnecessary stress.

1. Understand the Challenges of Buying and Selling at the Same Time

The biggest challenge is timing. You don’t want to be stuck paying two mortgages, nor do you want to sell your home and have nowhere to live. Other common hurdles include:

• Market conditions – In a seller’s market, your home may sell quickly but finding a new one could take longer. In a buyer’s market, it may be the reverse.

• Financing – Lenders will consider your current mortgage and financial commitments before approving you for a new one.

• Contingencies – Coordinating contracts so that your sale and purchase line up smoothly can be tricky.

2. Get Pre-Approved Before You Start Shopping

Before you start house hunting, talk to a lender and get pre-approved. This gives you a clear picture of your budget and strengthens your offer when you find a home. If you need to buy before selling, ask about bridge loans or HELOCs that can help you cover down payments while your home is still on the market.

3. Work With an Experienced Real Estate Agent

An agent who has experience in simultaneous transactions can make all the difference. They’ll help:

• Strategize the best listing time for your current home.

• Coordinate offers, contingencies, and closing dates.

• Negotiate on your behalf to ensure you don’t end up homeless—or with two houses at once.

4. Consider Contingency Options

When you’re buying and selling at the same time, contingencies can provide peace of mind:

• Home Sale Contingency – Your new home purchase depends on selling your current home.

• Rent-Back Agreement – Sell your home but rent it back temporarily from the buyer while you finalize your next purchase.

• Extended Closing – Negotiate more time in the contract so your transactions can overlap smoothly.

5. Declutter and Prep Your Home Early

If you want to avoid last-minute stress, prepare your current home for the market as soon as possible. Declutter, make small repairs, and stage it well so it attracts buyers quickly. A well-presented home often sells faster and for a higher price—giving you flexibility in your purchase timeline.

6. Have a Backup Plan

Even with the best planning, things don’t always go as expected. Consider:

• Temporary housing – Short-term rentals or staying with family.

• Storage solutions – Renting a storage unit if move-out and move-in dates don’t align.

• Financial cushions – Extra savings to cover unexpected overlaps.

Buying and selling simultaneously may sound overwhelming, but with careful planning, strong negotiation, and the right real estate team, you can make it work smoothly. Start by knowing your finances, preparing your home, and working with an experienced agent who can guide you through every step.

With the right approach, you’ll transition from your old home to your dream home without unnecessary stress.

Matt Witte strives to be the best realtor in Andover, MA.

Any questions about real estate, reach out to Matt Witte, Andover Realtor, MA