Buying & Selling A House At The Same Time | How To Juggle Simultaneous Settlements in 2024

Are you looking at how to buy a home and sell your house at the same time? Should you buy now or wait? Should you sell your house first and then start looking at buying a house? What's the easiest way to buy and sell a house simultaneously? We are constantly getting asked these questions by our clients, and the answer is quite complex...

It can almost be impossible to juggle simultaneous settlements, so you're definitely not alone if you're feeling a bit confused. Whether upgrading or downsizing your house, you'll need to decide if you'll buy the new home first or sell your existing one. But, buying and selling a home at the same time is possible – you just need to know what to do and how and when to do it.

In this video, we discuss buying and selling a house at the same time and help walk you through the process with our expert tips. We'll share our 4 key options and strategies to help you navigate the chaos, juggle the two transactions, and make your simultaneous settlement a little more manageable.

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Here is a breakdown of what we discuss in today's video -

00:00 How To Juggle Buying and Selling a Home.
00:38 The 4 Key Options To Consider...
01:35 How Easy Is It To Sell Your Home?
02:33 Should You Buy First, Sell After?
04:42 Should You Use a Guarantor?
05:41 What is a Simultaneous Settlement? A complete breakdown.
06:39 Why are Simultaneous Settlements difficult?
07:24 How To Use a Deposit Bond
07:48 How Does Finance Work With Simultaneous Settlements
08:52 CAUTION! Why You Need A Sunset Clause
09:49 How to Settle Simultaneously - An Easy Guide
11:08 Pros & Cons of Using Bridging Finance For Your Home
11:41 Downside of Bridging Loans - End Debt Explained
13:50 How Long Should You Allow For A Bridging Loan Approval?
14:16 Our Final Thoughts On Buying and Selling A Home At The Same Time

#RealEstate #RealEstateMarket #HousingMarket #BuyingandSelling #AustralianRealEstate #SimaltanousSettlements #BridgingLoans #DepositBond #SunsetClause #HowToGuide #EndDebt

For more info visit us at https://www.huntergalloway.com.au

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Hunter Galloway: Mortgage Broker Brisbane
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000

Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.

Next steps and settling your first home

Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.

Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.

If you want to get started, please get in touch and we can book a time that suits you – either a phone call information session or a face to face meeting (which doesn’t cost anything for you).

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