Randy Mack | Realtor | 707.696.6272

    Heidi Faulkner | Realtor | 707.480.4098

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A Guide to Buying and Selling a Home at the Same Time

Buying and selling a home simultaneously can feel like a balancing act. Here’s where to begin to maximise your strategy and minimise stress.

1. Evaluate Your Financial Situation First

Before you start buying and selling, take a close look at your finances. It’s best to know what you can afford without relying on the money from your home sale. If that’s not possible, there are ways to cover the financial gap.

Get pre-approved for a mortgage and discuss options like a home equity line of credit (HELOC) or a bridge loan with your lender.

  • Bridge Loan: A short-term loan designed to help finance when moving from one house to another. This type of loan usually uses your current home as collateral, but some lenders might accept other assets instead. Be sure to check with your lender if this option is feasible.
  • HELOC: Allows you to borrow against the equity of your current home to help pay for a new one. This is especially useful if you’ve built substantial equity in your existing property.

2. Work with a Knowledgeable Real Estate Agent

Choosing an experienced real estate agent like Randy and Heidi who knows the local market can benefit you in a buy-sell scenario. Having a pro beside you will be helpful with timelines, negotiating, strategy, and understanding what it takes to close on both properties in a competitive market.

Also, consider hiring the same agent if you’re buying and selling in the same market. This can make communication easier.

3. Determine Which Comes First: Buying or Selling?

  • Buying First: You can avoid the stress of finding one fast. However, this means you need to afford two mortgages temporarily or be ready for a quick sale of your current home.
  • Selling first can free up capital, giving you a clear idea of your budget for the new home. However, you may need to arrange temporary housing if you can’t find a new property in time.

Consult your agent to understand which option fits your needs based on market conditions.

4. Consider the Contingency Option

Depending on market conditions, including a home sale contingency (where you buy a home only if your current home sells) may still be an option. Discuss with your agent whether contingencies could work in your favour, especially if the local market allows for them.

  • Alternative Solutions: If contingencies are a challenge, explore other options, like a rent-back agreement. In a rent-back, the buyer of your current home allows you to stay temporarily after the sale closes, giving you extra time to shop for your new home with the money from your sale.

5. Start Preparing Your Home for Sale Early

Preparing your home for sale in advance will save time and reduce stress when the time to list arrives. Start by decluttering, cleaning, and handling any necessary repairs.

  • Tip: List your home as “Coming Soon” with professional photos to generate early interest and boost demand for a quicker sale.

6. Stay Organized with Clear Timelines and Checklists

Managing a dual transaction requires a clear timeline and being on top of deadlines. A checklist can help you track important dates for inspections, financing, and closing.

  • Create a Schedule: Work with your real estate agent to coordinate showings, moving dates, and key deadlines. Use digital tools or apps to track deadlines and keep documents easily accessible.

7. Plan for Moving Day Logistics

Moving day can be hectic, especially when buying and selling a home at the same time. Consider hiring professional movers and, if possible, stagger your moving dates to allow for some flexibility. If you can’t move directly between homes, look into temporary storage options.

  • Tip: Pack an “essentials” box with items you’ll need immediately in the new house (e.g., toiletries, basic kitchenware, a few changes of clothes) so you aren’t searching through boxes. 
  • Helpful links: How to Pack Like a Pro and Checklist to Prepare for Your Move.

Buying and selling a home at the same time can be easy with the right steps and professionals to help you. Get the right support to smoothly transition into your new home. Call us today!

Posted in: Real Estate Resources Tagged: #artisansothebys, #homebuying, #homesellingtips, #realestate, #realestateagent, #realestatetips, #realtor, #sonomacounty, HeidiFaulkner, homebuyingtips, Homeselling, RandyMack, sonomarealestate, sonomarealtor

6 Curb Appeal Quick Fixes for Sebastopol Homeowners

Conscientious Sebastopol homeowners keep on top of all the regular maintenance items pretty much automatically. Once you have lived in a place for more than a year or two, you know what you should be keeping an eye on. You have a handle on when major fixes and updates have to be addressed.

When you begin thinking about moving on to new digs, though, the focus shifts. Your Sebastopol property is about to enter a beauty contest, after all—so more attention will have to be paid to moving it toward the dazzler category. The floor plan, interior décor, mechanical functions, and the other features that prospective buyers will delve into may all come into play eventually—but only after initial interest has been piqued.

Call it what you will: “first take,” “initial impression,” or “curb appeal”—whatever you name it, if it’s positive, everything else can follow. If it’s negative for any reason, all the other factors will be fighting an uphill battle—or worse, a battle that’s never fought at all

Given that most homes that are about to go on the Sebastopol market have basic maintenance issues solved, some of the most important home improvement items are those that boost the first impression. Here are six that are universally cited:

Clean. This one is not as obvious as it sounds—owners are used to the way the front of the house looks, and more often than not, don’t even notice subtle loss to a home’s “sparkle.” When years of almost-invisible grime are cleared away, the difference can be startling. Every surface has its own effective cleaning techniques: they’re easy to find on the web.

Spruce up the yard. If lawn dominates, dollars spent to bring as much life as possible will be well spent. If the season makes a quick enough turnaround impractical, professional lawn paint spraying services are a temporary fix.

Mulch. If fall has given front yard flower beds too much of an overgrown look, be prepared to cut them back into shape—then mulch the newly-exposed soil. The look that emerges can transform unkempt into elegant.

Entryway. If there is an entry lantern overhead, make its glass panes sparkle. Front door fixtures should gleam—and if they are beyond polishing, replacing them is not a budget-buster. It can also be transformative to paint the door itself with an inviting color that accents the exterior’s tone—an idea that could be the most cost-effective curb appeal assist of all!

Driveway. If there are major cracks, they will need to be filled (quick! Winter’s on the way). But if the only problem is blemishes on asphalt, a sealcoat service when the weather allows can be well worth the dollars spent.

Identity. The house numbers, whether simply on the side of the mailbox or elsewhere, are more important than most Sebastopol homeowners realize. After all, prospective buyers are certain to look closely at them—which can be turned into an opportunity to forge a distinctive identity. Search the web for images showing “house number design ideas” to see how many interesting looks are out there—then seriously consider if a change might add drama and distinction to your home’s curb appeal.

These are not-so-costly fixups that can go far to help your Sebastopol property reach out and reel in its next owner. For more helpful tips—call us!

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Posted in: Real Estate Resources Tagged: #curbappeal, #homemaintenance, #homesellingtips, #Sebastopolrealestate, #spruceup

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Contact Information

Randy Mack and Heidi Faulkner
Artisan Sotheby's International Realty
6984 McKinley Street
Sebastopol CA 95472
(707) 696-6272
(707) 480-4098
Fax: (707) 824-0587
Send an Email
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About Us

We are proud to have aligned ourselves with Artisan Sotheby’s International Realty an inspirational brand based on heritage, tradition and expertise. We are setting new standards by refining the art of residential brokerage with a practiced eye of identifying the unique value of a property. We offer a deep commitment to excellent service and have a passion for unparalleled quality. Unique homes require skillful marketing through our local expertise and Sotheby’s International Realty interconnected global network of offices that are dedicated to the extraordinary.

Testimonials

I wish to express my satisfaction and confidence in your ability to find an ideal home for anyone that I would refer to you. My own experience in purchasing and selling a home with you allowed me to witness the fact that you are truly an expert in your field, handling all aspects of residential real estate transactions. From the beginning, your market analysis to the final stages of negotiations, your calm manner and clear explanation kept me knowing I was in the best of hands.

Mr. Mitchler
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Contact Us

Randy Mack - Realtor CA BRE#01252462
randy@mack-faulkner.com

(707) 696-6272
6984 McKinley Street
Sebastopol, CA 95472



Heidi Faulkner - Realtor CA BRE#01227446
Heidi@mack-faulkner.com

(707) 480-4098
6984 McKinley Street
Sebastopol, CA 95472



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© MMVI Sotheby’s International Realty Affiliates, Inc. All Rights Reserved. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates, LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated, except offices owned and operated by NRT Incorporated. All information herein is deemed reliable but not guaranteed.
 

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