Your Guide to Seamlessly Navigating Both Sides of the Real Estate Coin in Snohomish County
Buying a home is exciting. Selling a home can be rewarding. Doing both at the same time? That’s where things can get tricky—especially in a competitive market like Snohomish County, WA, where homes often sell quickly and inventory can be limited.
The good news is, with the right strategy and local expertise, you can buy and sell at the same time without losing sleep. Whether you’re upsizing, downsizing, or relocating across town, here’s how to navigate this balancing act like a pro.
Step 1: Understand Your Local Market
Before diving into logistics, it’s essential to understand whether Snohomish County is leaning in favor of buyers, sellers, or somewhere in between.
- Seller’s Market: Homes sell quickly, and buyers face competition. If you’re selling in Snohomish County right now, you may benefit from multiple offers—but finding your next home might take longer.
- Buyer’s Market: More inventory means you have the upper hand when buying, but selling your home may take more time and negotiation.
- Balanced Market: Opportunities exist on both sides, but timing is still key.
Your local real estate expert (hi, that’s me!) can provide a current market analysis to help you plan the best course of action.
Step 2: Consider a Contingent Offer (But Know the Risks)
One of the most common ways to buy and sell at the same time is through a contingent offer. This means your offer to purchase a new home depends on your current home selling first.
Pros:
- Less financial risk—you don’t have to carry two mortgages.
- It gives you time to complete the sale of your existing home before closing on the new one.
Cons:
- Sellers may view contingent offers as less competitive, especially in hot areas like Lake Stevens, Bothell, or Everett.
- Your dream home could slip away if a non-contingent buyer comes along.
Tip: If you’re going this route, having your current home already listed or under contract strengthens your offer significantly.
Step 3: Explore a Bridge Loan
If your finances allow, a bridge loan can help you buy your new home before your current one sells.
What is a Bridge Loan?
A short-term loan that “bridges” the gap between the two transactions. It uses your current home’s equity to help with the down payment or even the full purchase of your next home.
Pros:
- You can make non-contingent offers, making you more competitive.
- You can move into your new home before listing the old one, allowing for a cleaner presentation to buyers.
Cons:
- Higher interest rates and fees.
- You’ll temporarily carry two loans.
This option works best for sellers with significant equity and good credit. It’s worth discussing with a trusted mortgage broker familiar with Snohomish County’s market.
Step 4: Use a Home Sale Lease-Back
Want to sell now but delay your move-out date?
A lease-back agreement lets you sell your home and then rent it back from the new buyer for a period of time. This gives you the cash from your sale and some breathing room to find your next place.
This strategy works best when the buyer isn’t in a rush to move in—common among investors or flexible homeowners.
Step 5: Time It Right (With a Backup Plan)
It’s all about the timing—and having a solid backup plan.
Here are a few timing tips:
- List first, then shop: Unless you have the financial flexibility to buy first, it often makes sense to list your current home first. You’ll know what you can afford, and you’ll be taken seriously as a buyer.
- Align your closings: Ideally, your sale and purchase close on the same day or within a couple of days of each other.
- Include flexible closing dates in your contract: This allows wiggle room if one deal experiences delays.
Backup Plan Ideas:
- Temporary housing (short-term rentals, Airbnb, staying in an RV, or staying with family).
- Portable storage units for your belongings.
- Extended stay hotels in the Snohomish County area.
Step 6: Work with a Local Expert Who Knows the Drill
Every real estate journey is unique, especially in Snohomish County with its mix of urban hubs, suburban charm, and rural properties. That’s why having a local agent who knows the market—and has experience juggling dual transactions—is key.
As someone who specializes in helping homeowners navigate both sides of the real estate process, I’ll help you:
- Evaluate timing based on your home’s value and the market.
- Negotiate terms that protect your interests.
- Connect you with trusted lenders for bridge loans or creative financing.
- Manage every moving piece with confidence and care.
Final Thoughts
Buying and selling at the same time doesn’t have to be stressful. With the right tools, timing, and team in place, you can make the move without losing sleep—or your dream home.
If you’re thinking about making a move in Snohomish County, let’s connect. I’ll help you create a step-by-step game plan to buy and sell on your terms, with as little disruption (and as much success) as possible.
📞 Call or text me anytime at 425-308-6641
📍 DM on Social Profiles @DiemertPropertiesGroup
💻 Or get started with a free home value estimate on my website.
