Chicagoland Area Real Estate Blog & News

How to Buy & Sell at the Same Time

If you need to sell your home and buy a new one, do it simultaneously.

One of the biggest concerns that sellers have in today’s market is how to go about buying and selling a home at the same time. Luckily, we do this all the time, so today we can help you manage both transactions.

Generally, the easiest way to go about it is to list your home for sale when you get a contract, after which, you can search for a new home. Then, we’ll help you close both houses on the same day; you’ll close the one you’re selling in the morning and the one you’re buying in the afternoon. All your possessions will be loaded on the moving truck the night before so that they can begin unloading at your new home as soon as you’re done closing.

This way, you won’t have to worry about where you’re going to live between transactions. If there does happen to be a larger gap between when you close on your old home and when you buy the new one, you may be able to get post-closing possession if you and your agent negotiate for it.

If you have any further questions or need assistance juggling two transactions at once, don’t hesitate to give us a call or send an email. We’d love to help you.


The Latest Stats From Our Market

Here are the latest stats from October 2021 housing market.

Want to buy a home?
Search All Homes
Looking to sell your home? Receive a Home Value Report

Let’s go over what happened in the real estate market here in the Chicagoland area over the month of October 2021.

The average sales price was $358,825. That’s a 1% decline from September, which was $361,165, and an even sharper drop from when the market peaked in June at $400,109. One year ago in October 2020, the average sales price was $344,879, showing that the average sales price has increased since last year.

In October 2021, the average original list price was $381,000. The market peaked back in February when the average was $441,000. One year ago, the average was $391,000, demonstrating that homes last month were listed for $10,000 less on average.

But how long were homes spending on the market? Between 2018 and 2020, the average ranged somewhere between 60 and 105 days, meaning that it would take an average of two to 3.5 months for a property to go under contract. The average market time as of last month was 42 days, so homes are selling faster.

"You’ll make more money from your sale than you would have a year ago."


Should You Sell Your Home During the Holidays?

It’s still a good idea to sell your home this holiday season.

Every holiday season, clients ask us if it’s still a good time to sell their homes. Most people know the market tends to slow down this time of year, so what should you do?

The truth is, it depends. There are a few key factors to keep in mind. First, we need to look at your home, and then we need to look at how it compares to the rest of the market. There are plenty of buyers out there, so if you have a great home, it can still sell for top dollar.

If you decide to sell your home, keep holiday decorations in mind. Make sure your home is undecorated when photographs are taken, but after that, decorations could be a positive. Some people love the cozy vibe that decorations give a home, so good holiday cheer could give you a leg up in the market.

"Whether or not to sell your homes during the holidays depends on a few things"

An issue you might run into if you’re looking to sell during the holidays is that some agents take a lot of time off during this time of the year. We understand wanting to relax during the season, but we are always available to help no matter what. Just give us a call or shoot us an email; we look forward to talking with you.