Buy then Sell, or Sell then Buy?

So my Buyer in Lexington, SC says, "Should we buy a house with a contingency contract and then sell mine or Sell mine and try to find a new home in 30 days?". This is a question that I'm sure many agents have been asked. In Lexington, SC we have Lake Murray and many of the homes are a higher price range. Let's look at both scenarios:

Buy then Sell:

My Buyers can take their time and find a home in Lexington, SC that is right for them. They also do not have to worry about two house payments. But, we lose our negotiation room on the offer price with a contingency to sell.

Sell then Buy: (What we are doing)

We still have our eye on a property in Lexington, SC on Lake Murray, but it is not under contract. If they sell that property, my buyers can withdraw their listing. If the Buyers property that they are selling in Lexington, SC goes under contract, then we can put in an offer to buy and have a much stronger position.

Each buyer is going to have specific circumstances that effect their decision. Some buyers in Lexington, SC can afford 2 homes and that is what they are looking for. Some buyers in Lexington, SC do not know what property they want to buy after they sell and do not want a short term rental until they find a new home.

Jason King

www.JKingProperties.com

Real Estate ADvocates

803 318 4712