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i found a home i would like to purchase but i need to sell my existing home

is ther a way to take care of both problems at once. should i use 1 agent for both
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February 06 2013 - Choctaw
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Find a realtor you trust and get your home listed ASAP! Use the realtor for both transactions to make the process smooth and as headache free as possible

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March 20 2013
Put your home on the market asap.  If your market is anything like AZ's, which is a seller's market, then you probably won't have any luck getting an offer accepted with the contingency of getting your home sold.  It's just not going to happen.
And yes, use one agent to make things so smoother.
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March 19 2013

You should use the same agent,because of discounts.  Yet if you do not want to you can choose another agent for listing.  It is your choice.

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March 19 2013
If both the homes are in nearby neighborhoods and you can find an agent who has a strong knowledge of both markets, then yes, you should absolutely use the same agent. Working with one agent will make it much easier to coordinate the process especially since you have to sell your home in order to get the money to buy a new one. There are a lot of details to consider and it's much easier if one agent is managing everything so that nothing falls through the cracks.

Now, the type of market you're in will determine the best way to approach your sale and purchase. And what I mean by this is that if you're in a seller's market where there is low inventory and high demand (buyers competing over properties) then you may have a tough time getting your offer accepted if it's contingent on selling your home. The seller will compare your offer to another offer that is not contingent; it will be an easy decision because the other buyer promises an easier transaction with fewer potential hurdles and hangups. On the other hand, if buyers are in control in your local market - there's a lot of inventory, and little demand - then a seller may be more willing to accept your contingent offer and patiently wait while you get your house on the market and sell it.

Since you have already identified your upleg (new home purchase), you should at least get your house on the market quickly, and make an offer on the other home. Have your agent explain to the listing agent that you are aggressively marketing your home to find a buyer. You should build into your contract a timeframe that allows you to market your home while the seller of your upleg pulls their property off the market. I normally have my clients ask for 30 days. This means that you would have 30 days to market your home and get a buyer. Then ideally, the escrow period (this is what we call it in California) for both properties will run concurrently and you can close the sale of your home one day before the sale of your new home. (This may differ a little bit in your state depending on your closing process.) 

Good Luck!

If the seller does not accept your offer and you still want to move (and you are in a seller's market), then I would get your house on the market and sell your house contingent on you finding a new upleg. 
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February 07 2013
Yes you can do both at the same time & yes you can use the same agent. The Key is to coodinate this deal correctly, then close on your current home first then the second home. If you need help in the Jensen Beach, FL Area Contact Me.
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February 07 2013
I would also use the same agent, as you need to be looking for a new home while your house is listed.  When your home sells you will want to be ready to make a decision on purchasing, and if you have visited home that can ease your burden.  using one agent will also benefit you in coordinating the selling of your existing home and purchase of your existing home.
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February 07 2013
Yes you should us one agent for both, this will ease your stress and enabling the scheduling of the events to be handled easier.  I hope the home you want to purchase is not under contract prior to you getting a contract on your home.  You need to get on the Market ASAP so that you do not lose it.  

Josh Barnett, Realtor
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February 07 2013
Yes, I would reccommend using the same agent.  Agents can work as buyer's agents and listing agents.  I think it would be smoother to work with the same agent.  Your agent has a fiduciary responsibility to you and will work in your best interest.
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February 06 2013
Most people choose to go this route in Oklahoma. In many ways it will make the whole process much more smooth.  In Choctaw, I would call Connie.
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February 06 2013
If you've identified a home for purchase, it wouldn't hurt to use the same agent for both transactions. They will be able to make sure your purchase agreement is contingent on the sale of your existing home.
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February 06 2013
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Not sure if this varies in different states... but some agents will offer a discount if you use them to sell and buy your home. Also, they can tell you if you can do a contingent offer. Meaning, you make an offer on the new home but closing won't happen until your current home sells.
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February 06 2013
 
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