Buying and Selling at the Same Time? 5 Tips to Make It Work
In today’s fast-paced real estate market, many New Jersey homeowners face a unique challenge: buying a new home while selling their current one. It’s a big move both literally and financially, but with the right approach, it can be done smoothly. Here are 5 smart tips to help you successfully buy and sell at the same time in New Jersey.
Tip #1: Understand Your Local Market
Every NJ town is different. While homes in Livingston, Short Hills and Westfield may sell quickly, inventory in other areas might move slower. Understanding the current trends in both your sell and buy locations is essential to planning your timeline.
📌 I provide up-to-date data on days-on-market, buyer demand, and pricing so you can plan strategically.
Tip #2: Choose the Right Strategy for Your Situation
There’s no one-size-fits-all approach, but here are 3 smart strategies:
- Buy first, then sell (if you qualify for a bridge loan or can carry both homes)
- Sell first, then rent back (common in NJ; gives you time to find your next home)
- Same-day close (possible with the right coordination)
Resource: Zillow - Buying & Selling a Home at the Same Time
Tip #3: Prep Your Home Early
The earlier you get your current home ready, the smoother the process. Declutter, make minor repairs, and get listing photos done early, so when your dream home hits the market, you can list quickly without delay.
Tip #4: Get Pre-Approved with a Local Lender
Before you shop, get pre-approved especially important when making contingent offers. I’ll connect you with trusted New Jersey lenders who know how to work fast and support back-to-back transactions. Local lenders can give you an edge in competitive towns like Livingston, Short Hills, Millburn.
Tip #5: Work with a Local Realtor Who Can Handle Both Sides
This is the most important tip. As a Realtor who’s helped many NJ homeowners navigate both ends of the process, I’ll:
- Coordinate timing, inspections, and closings
- Identify off-market opportunities
- Negotiate flexible terms to protect you on both ends
Ready to Make the Move?
Buying and selling at the same time in New Jersey can feel overwhelming, but it doesn’t have to be. Contact Xiaoxing Zhao today to start your custom plan. Whether you're in Livingston, Short Hills, Millburn, or anywhere in NJ, I’ll help you move smart.
