real estate

5 tips to sell home before buying another

Q: Is it possible to sell and buy simultaneously?
Q: Is it possible to sell and buy simultaneously? © Alliance/Shutterstock.com

Q: Is it possible to sell and buy simultaneously?

It's never too early to research homes in the neighborhoods you'd like to buy in, says Eric Tan, a Los Angeles agent with Redfin.

Once your home is listed, he explains, "luck and coordination" are needed to close on the sale and purchase at the same time.

To have homes pass among various hands in one day, it helps to have the same firm handling the closings, Tan says.

"Different states have different rules," he says. But whether it's a law office, title company or other real estate-related firm, hitches, which come with the copious paperwork, may be resolved more easily with fewer sites involved.

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